SOURCE: Nova Energy, Inc.

March 12, 2010 09:05 ET

Nova Energy, Inc. Affordable Housing Initiative Trade Mission to be Discussed in Webcast Thursday, March 18th

DALLAS, TX--(Marketwire - March 12, 2010) -  Nova Energy, Inc. (OTCBB: NVAE) today announced an on-demand Webcast scheduled for next Thursday, March 18th. The Webcast, scheduled to be conducted by interim CEO Philip Verges, will provide an overview of the Company's trade mission to Kenya next week to explore opportunities to implement an affordable housing initiative. Nova Energy is pursuing several initiatives in East Africa, initially in Kenya, to include initiatives in the technology, utility, housing and health products industries.

Separately, Nova Energy was featured in an on-demand Webcast released yesterday by its Chinese partner, China Crescent Enterprises, Inc. The Webcast provides a summary of the China Crescent sales conference that was held this week in Shanghai to provide its partners such as Nova Energy with the latest information on sales programs and opportunities in China. During the conference, Nova Energy explored partnership opportunities to introduce high quality, affordable technologies from the participating companies and other leading technology brands such as Huawei and Lenovo into East Africa. A link to the Webcast titled 'China Crescent Shanghai Sales Conference Webcast' is now available here: http://www.chinacrescent.com/wcsc_20100311.htm.

About Nova Energy, Inc. www.novaei.com

Nova Energy, Inc. has launched an updated corporate strategy 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 initiatives in the Technology, Utility, Housing and Health products industries. Nova Energy has also launched a communications and awareness campaign. The Company is quoted on the OTCBB and files its periodic reports. The Company is also dually quoted on the Pinksheets under NVAE.

"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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