SOURCE: Nova Energy, Inc.

February 24, 2010 15:53 ET

Letter From Nova Energy, Inc.(NVAE) CEO, Past Dallas Federal Reserve Chairman and NewMarket (NWMT) and China Crescent (CCTR) Board Member Posted on CNNMoney.com

DALLAS, TX--(Marketwire - February 24, 2010) - Nova Energy, Inc. (OTCBB: NVAE) today announced a letter to shareholders from CEO Hugh G. Robinson is available on CNNMoney.com.

http://money.cnn.com/news/newsfeeds/articles/marketwire/0586345.htm

Nova is a fully-reporting company quoted on both the OTCBB and the OTC Pinksheets (OTCBB: NVAE)

The letter to shareholders was released to communicate the Company's updated and expanded business strategy in East Africa. Mr. Robinson was recently appointed CEO in conjunction with a corporate change of control. His letter introduces the Company's updated and expanded strategy in conjunction with Nova's participation in the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program. Mr. Robinson sits on the board of directors of NewMarket, in addition to recently joining the board of directors of China Crescent Enterprises, Inc. (OTC.BB: CCTR).

CEO - Retired Major General Hugh G. Robinson

Newly appointed as CEO of Nova, Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a retired Major General with a distinguished career serving in the United States Army. Among other prestigious posts, Mr. Robinson served as President Lyndon Johnson's military aide de camp. In addition to his public service experience, Mr. Robinson's career has included extensive executive management experience with senior positions at Southland Corporation and City Place Development Corporation. He is a graduate of the United States Military Academy at West Point and earned a Master's Degree in Civil Engineering from the Massachusetts Institute of Technology (MIT). In addition to his role as CEO at Nova Energy, Mr. Robinson currently serves on the board of Carmax, Inc., the LBJ Foundation and the Better Business Bureau.

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About Nova Energy, Inc. www.novaei.com

Nova Energy, Inc. has launched an updated business strategy and is under new management. Retired Major General Hugh G. Robinson, former Chairman of the Dallas Federal Reserve has assumed the role of Chief Executive Officer. Under General Robinson's leadership, Nova plans to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include the Technology, Utility, Housing and Heath products industries.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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