SOURCE: Nova Energy, Inc.

March 17, 2010 09:52 ET

Nova Energy, Inc. to Present 2010 Acquisition and Investment Plan Following $1 Million Funding Commitment

DALLAS, TX--(Marketwire - March 17, 2010) -  Nova Energy, Inc. (OTCBB: NVAE) interim CEO Philip Verges is scheduled to conduct an on-demand Webcast this Thursday, March 18th to provide an overview of a recent $1 million funding commitment to support Nova's business plan expansion in East Africa. The Webcast will also include further updates on the Company's business plan expansion, Wi-Fi project in Kenya and trade mission to Kenya next week to explore opportunities to implement an affordable housing initiative. Nova Energy is pursuing several initiatives in East Africa, initially in Kenya, to include initiatives in the technology, utility, housing and health products industries. A link to the Webcast will be posted on the Company's corporate website www.novaei.com upon release.

About Nova Energy, Inc. www.novaei.com

Nova Energy, Inc. has launched an updated corporate strategy 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 initiatives in the Technology, Utility, Housing and Health products industries. Nova Energy has also launched a communications and awareness campaign. The Company is quoted on the OTCBB and files its periodic reports. The Company is also dually quoted on the Pinksheets under NVAE.

"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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