SOURCE: Nova Energy, Inc.

March 16, 2010 10:45 ET

Nova Energy, Inc. Announces $1 Million Funding Commitment

DALLAS, TX--(Marketwire - March 16, 2010) -  Nova Energy, Inc. (OTCBB: NVAE) is scheduled to release an on-demand Webcast this Thursday, March 18th to present an update on the Company's recent business plan expansion into East Africa. The Webcast will include an overview of a recent $1 million funding commitment to support Nova's business plan expansion in the region. Philip Verges, Nova's Interim CEO, will conduct the Webcast which will include the latest updates on the Company's Wi-Fi project in Kenya. Nova is working in partnership with NuMobile, Inc. (OTCBB: NUBL) to build a wireless broadband network to support local utility authorities. The scheduled Webcast is also set to include a presentation 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. A link to the Webcast will be posted on the Company's corporate website www.novaei.com upon release.

About NuMobile, Inc. (www.numobileinc.com)

NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

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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