Contact Information: Contact: Nova Energy, Inc. ir@novaei.com 214-722-3029
NewMarket Technology, Inc. Greenfield Partner Nova Energy, Inc. (NVAE) Announces Profile on New York Times Website Recognizing Company's OTCBB Listing
| Source: Nova Energy, Inc.
DALLAS, TX--(Marketwire - February 24, 2010) - Nova Energy, Inc. (OTCBB : NVAE ) today announced
its profile is available on the New York Times website.
http://topics.nytimes.com/topics/news/business/companies/nova-energy-inc/index.html
"Nova Energy is working to get news about our updated business strategy out
to the investment community," said Hugh G. Robinson, CEO of Nova. "The
Company has been dormant for some time, but has recently had a corporate
change of control and I have also come on board in the last few weeks as
the new CEO. One issue we have unexpectedly faced is recognition by the
various brokerage systems that the Company is fully-reporting and listed on
the OTCBB. I believe being acknowledgement by well-recognized financial
sites such as the New York Times website that the Company is an OTCBB
quoted security will help to overcome this issue. Now we have to work on
getting the current information updated and on other sites. Much of the
electronic information available on various news sites is still out of
date. I have included current information about the Company below in
addition to a link to the introductory, but growing company website."
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.
NewMarket Technology, Inc. Greenfield Partnership Program
Nova Energy is a member of the NewMarket Technology, Inc. (PINKSHEETS : NWMT ) Greenfield Partnership Program and has launched an updated business
strategy focused on the technology, utility, housing and health products
industries of East Africa. NewMarket started the Greenfield Partnership
Program to accelerate the introduction of new technologies into emerging
markets around the world where technology buying is on the rise, while
improving return on investment (ROI) potential. As part of the Greenfield
Program participant companies are able to partner with each other to
provide complementary technologies. Other Greenfield Program companies
include Alternet Systems, Inc. (OTCBB : ALYI ) and NuMobile, Inc. (OTCBB : NUBL ), both in the mobile technology space. Nova Energy and other
participating Greenfield Program companies were featured in a recent
Greenfield Partner Webcast to provide strategic updates on the companies
and their business strategies.
The Webcast titled 'Greenfield Partnership Program Update Webcast' is
available at http://www.newmarkettechnology.com/wcgf_20100223.htm.
To receive future updates on Nova Energy, please email ir@novaei.com to
opt-in to the Company's email database.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. NewMarket provides systems integration, technology infrastructure
services and emerging technology worldwide. NewMarket has a focus on
providing technology and support services to rapidly growing economies
where technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the growing
economies of China, Southeast Asia, Brazil and Northern Latin America. Last
year the Company reported over $40 million in revenue from Asia and over
$20 million in revenue from Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes
various computer hardware and peripherals from brand partners such as Dell,
HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized
reseller of operating systems and various software from companies such as
Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company
works with emerging technologies such as mobile computing, various security
and wireless broadband technologies. NewMarket's rapid growth since 2002
has placed the Company on the Deloitte Technology Fast 500 for 5
consecutive years. NewMarket was recognized as the third fastest growing
technology company in the United States in 2006 and the number one fastest
growing technology company in North Texas for two years in a row.
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.