SOURCE: Nova Energy, Inc.

February 22, 2010 10:04 ET

Nova Energy, Inc. Featured in Independent Analyst Report on NewMarket Technology, Inc. Rating NewMarket a 'Buy' With a $1.47 Target Price per Share Recommendation

Nova to Be Featured in Greenfield Partnership Program Webcast Tomorrow

DALLAS, TX--(Marketwire - February 22, 2010) - Nova Energy, Inc. (OTCBB: NVAE) today announced that the Company's has been featured in an independent analyst report on NewMarket Technology, Inc. (PINKSHEETS: NWMT) rating NewMarket a 'buy' with a $1.47 target price per share recommendation. Nova Energy is a member of the NewMarket Greenfield Partnership Program and has launched an updated business strategy focused on the technology, utility, housing and health products industries of East Africa.

A review of the Greenfield Program, including Nova, is included in the analyst report. Updates on Nova's business development progress, to include the recent appointment of former Chairman of the Federal Reserve Bank of Dallas, Hugh G. Robinson as CEO , will be reviewed in a Greenfield Partners Program Webcast scheduled for release tomorrow, Tuesday, February 23rd, 2010.

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. Greenfield Program participant companies have been chosen to participate in the partnership program based on their technology and service offerings in conjunction with the emerging geographic markets in which they operate.

The independent analyst covering NewMarket is a Certified Financial Analyst (CFA) in accordance with the CFA Institute Code of Ethics and Standards for Professional Conduct. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. NewMarket engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.

A link to the Greenfield Partnership Program Webcast will be published upon release tomorrow.

If you would like a copy of the report, please visit the Investor Relations section of the NewMarket website at or email

About Nova Energy, Inc.

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.


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