SOURCE: Nova Energy, Inc.

March 01, 2010 09:00 ET

Nova Energy, Inc. (NVAE) Business Strategy in East Africa to Be Reviewed in a Milestone Strategy Presentation Thursday

DALLAS, TX--(Marketwire - March 1, 2010) -  Nova Energy, Inc. (OTCBB: NVAE) is scheduled to be featured in a Milestone Strategy Webcast Thursday, March 4th. The Company's updated business strategy focused on the technology, utility, housing and health products industries of East Africa is expected to be covered in the Webcast along with a review of Nova Energy's price per share performance potential from a milestone investment perspective. The Webcast agenda also includes a discussion of the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program and a recent analyst report 'buy' rating of NewMarket Technology. Nova Energy is a participating company in the NewMarket Greenfield Partnership Program which was reviewed in the recent analyst report. A link to the Webcast will be published upon release Thursday.

Milestone Investment Strategy

The Milestone Investment Strategy is an investment approach developed by Philip Verges, the founder and Chairman of NewMarket to help enhance the return on investment opportunity for self-directed retail investors when investing in early-stage businesses.

Greenfield Partnership Program

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.

Last week, a Greenfield Partner update Webcast was released. The Webcast titled 'Greenfield Partnership Program Update Webcast' is available for review at http://www.newmarkettechnology.com/wcgf_20100223.htm.

NewMarket Technology, Inc. 'Buy' Recommendation and $1.47 Target PPS

Last week, an analyst report on NewMarket was published with a 'buy' rating and a $1.47 target price per share. The independent analyst 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. 

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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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