Nova Energy, Inc., in Conjunction With NewMarket Greenfield Program, Announces Letter to Shareholders From CEO Robinson, Former Chairman of the Federal Reserve Bank of Dallas
DALLAS, TX--(Marketwire - February 11, 2010) - Nova Energy, Inc. (OTCBB: NVAE) today released a
letter to shareholders from CEO Hugh G. Robinson. Mr. Robinson was
recently appointed CEO in conjunction with a corporate change of control.
His letter today introduces the Company's updated and expanded strategy in
conjunction with Nova's participation in the NewMarket Technology, Inc.
(PINKSHEETS: NWMT) Greenfield Partnership Program. On Tuesday, February
16th, Mr. Robinson is scheduled to conduct an exclusive Webcast to present
Nova Energy's updated strategic plan and expansion into East Africa in
partnership with the Greenfield Program. The presentation is expected to
feature additional Greenfield Partners including Alternet Systems, Inc.
(OTCBB: ALYI) and China Crescent Enterprises, Inc. (OTCBB: CCTR). The
Webcast will be available on-demand and a link to the Webcast will be
published upon release next Tuesday. Today's letter is included in its
entirety below.
Retired Major General Hugh G. Robinson
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.
Dear Shareholders and Interested Investors --
My name is Hugh Robinson and I have recently joined Nova as the Company's
Chief Executive Officer (CEO). Nova has recently had a corporate change of
control in conjunction with my appointment as the CEO. Both my appointment
and the change of control have been executed as part of an updated and
expanded business plan for Nova. This update and expansion have been
implemented in conjunction with Nova becoming part of the NewMarket
Technology Greenfield Partnership Program. I currently serve on the
NewMarket Technology board of directors. As a board member, I have seen
NewMarket initiate operations in China and South America. I have been to
Shanghai and São Paulo with the NewMarket management team and last October
I accompanied them to Kenya. I am particularly enthusiastic about the
opportunity in Kenya. Nova's updated and expanded business plan is
centered around a number of diverse opportunities in East Africa,
initially centered in Kenya.
NewMarket has been working for the past two years to prepare for operations
in East Africa. I have had the opportunity to meet personally with the
local government in Nairobi. The first project opportunities are already
signed under letters of intent. I have met with investors prepared to
finance our first project opportunities, and Nova's updated and expanded
business plan is the home that has been established for these first project
opportunities. Within the NewMarket Greenfield Partnership Program and
with NewMarket's two years of preparation work, Nova is staged for rapid
changes and developments.
On January 22nd, a videocast presentation of my plan for Nova in East Africa
was published online. That presentation remains online and is available
for on-demand viewing. To learn more about specific projects Nova has
underway, please take a moment to review my vidoecast:
http://newmarkettechnology.com/VTH_EAFRICA.htm.
Next Tuesday, February 16th, Nova and NewMarket are scheduled to release a
Webcast update on our latest progress in Africa. Just last week, the
NewMarket Greenfield Partnership team was in Kenya taking next steps on a
number of initiatives. The presentation Tuesday will include the combined
efforts in Africa of NewMarket Greenfield Partners, including Alternet,
NuMobile, Inc., and China Crescent.
I anticipate 2010 will be a foundation building year for Nova Energy in
Africa. I am confident that Nova will complete two to three acquisitions
this year and report meaningful revenue, demonstrating the long-term
potential of Nova. I have every expectation that Nova's business
operations will expand rapidly and extend well beyond Kenya.
Best Regards,
Hugh Robinson
CEO of Nova Energy
"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.