SOURCE: Nova Energy, Inc.

February 25, 2010 11:05 ET

Nova Energy, Inc. (OTCBB: NVAE) Announces Profile on BusinessWeek.com

DALLAS, TX--(Marketwire - February 25, 2010) - Nova Energy, Inc. (OTCBB: NVAE) today announced its profile is available on BusinessWeek's website.

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=NVAE:US

Nova Energy, Inc. has recently announced an updated and expanded business strategy to diversify into early stage business opportunities in East Africa. The Company is under new management, with Hugh Robinson recently appointed as CEO. 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.

Mr. Robinson has released a letter to shareholders and an on-demand Webcast to communicate the Company's updated and expanded business strategy in East Africa. The Webcast, titled 'Nova Energy Strategic Update Webcast' is now available for review at www.novaei.com. The letter to shareholder is also currently available on the Company's website, www.novaei.com as well as on CNNMoney.com. His letter and Webcast introduce the Company's updated and expanded strategy in conjunction with Nova's participation in the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program. Mr. Robinson sits on the board of directors of NewMarket, in addition to recently joining the board of directors of China Crescent Enterprises, Inc. (OTCBB: CCTR). Nova is already participating in joint projects with Greenfield partners, to include a wireless broadband project in Kenya with NuMobile, Inc. (OTCBB: NUBL).

To receive future updates on Nova Energy, please email ir@novaei.com to opt-in to the Company's email database.

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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