SOURCE: Nova Energy, Inc.

February 17, 2010 09:00 ET

Nova Energy, Inc. Business Strategy in Africa to Be Reviewed in Greenfield Partner Program Webcast Tuesday, February 23

DALLAS, TX--(Marketwire - February 17, 2010) -  Nova Energy, Inc. (OTCBB: NVAE) today announced that the Company's updated business strategy, expansion plans into East Africa and newly appointed Chief Executive Officer are scheduled to be reviewed in an upcoming Greenfield Partner Webcast Tuesday, February 23, 2010. The Webcast is being hosted by the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program and a link to the Webcast will be published upon release next Tuesday. Anyone interested in receiving a copy of the Webcast link via e-mail upon release should contact info@novaei.com.

Yesterday, Nova Energy released an exclusive on-demand Webcast conducted by the newly appointed CEO Ret. Major General Hugh G. Robinson that reviews three acquisitions and two strategic projects currently under development in East Africa. A link to the Webcast titled 'Nova Energy Strategic Update Webcast' is currently available on the Nova Energy corporate website www.novaei.com.

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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