SOURCE: Nova Energy, Inc.

February 11, 2010 10:39 ET

Nova Energy, Inc., in Conjunction With NewMarket Greenfield Program, Announces Letter to Shareholders From CEO Robinson, Former Chairman of the Federal Reserve Bank of Dallas

DALLAS, TX--(Marketwire - February 11, 2010) - Nova Energy, Inc. (OTCBB: NVAE) today released a letter to shareholders from CEO Hugh G. Robinson. Mr. Robinson was recently appointed CEO in conjunction with a corporate change of control. His letter today introduces the Company's updated and expanded strategy in conjunction with Nova's participation in the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program. On Tuesday, February 16th, Mr. Robinson is scheduled to conduct an exclusive Webcast to present Nova Energy's updated strategic plan and expansion into East Africa in partnership with the Greenfield Program. The presentation is expected to feature additional Greenfield Partners including Alternet Systems, Inc. (OTCBB: ALYI) and China Crescent Enterprises, Inc. (OTCBB: CCTR). The Webcast will be available on-demand and a link to the Webcast will be published upon release next Tuesday. Today's letter is included in its entirety below.

Retired Major General Hugh G. Robinson

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.

Dear Shareholders and Interested Investors --

My name is Hugh Robinson and I have recently joined Nova as the Company's Chief Executive Officer (CEO). Nova has recently had a corporate change of control in conjunction with my appointment as the CEO. Both my appointment and the change of control have been executed as part of an updated and expanded business plan for Nova. This update and expansion have been implemented in conjunction with Nova becoming part of the NewMarket Technology Greenfield Partnership Program. I currently serve on the NewMarket Technology board of directors. As a board member, I have seen NewMarket initiate operations in China and South America. I have been to Shanghai and São Paulo with the NewMarket management team and last October I accompanied them to Kenya. I am particularly enthusiastic about the opportunity in Kenya. Nova's updated and expanded business plan is centered around a number of diverse opportunities in East Africa, initially centered in Kenya.

NewMarket has been working for the past two years to prepare for operations in East Africa. I have had the opportunity to meet personally with the local government in Nairobi. The first project opportunities are already signed under letters of intent. I have met with investors prepared to finance our first project opportunities, and Nova's updated and expanded business plan is the home that has been established for these first project opportunities. Within the NewMarket Greenfield Partnership Program and with NewMarket's two years of preparation work, Nova is staged for rapid changes and developments.

On January 22nd, a videocast presentation of my plan for Nova in East Africa was published online. That presentation remains online and is available for on-demand viewing. To learn more about specific projects Nova has underway, please take a moment to review my vidoecast: http://newmarkettechnology.com/VTH_EAFRICA.htm.

Next Tuesday, February 16th, Nova and NewMarket are scheduled to release a Webcast update on our latest progress in Africa. Just last week, the NewMarket Greenfield Partnership team was in Kenya taking next steps on a number of initiatives. The presentation Tuesday will include the combined efforts in Africa of NewMarket Greenfield Partners, including Alternet, NuMobile, Inc., and China Crescent.

I anticipate 2010 will be a foundation building year for Nova Energy in Africa. I am confident that Nova will complete two to three acquisitions this year and report meaningful revenue, demonstrating the long-term potential of Nova. I have every expectation that Nova's business operations will expand rapidly and extend well beyond Kenya.

Best Regards,

Hugh Robinson
CEO of Nova Energy

"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.

Contact Information