Contact Information: Contact: Nova Energy, Inc. ir@novaei.com 214-722-3029
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
| Source: Nova Energy, Inc.
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 www.newmarkettechnology.com or email
ir@newmarkettechnology.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.