Contact Information: Contact: Nova Energy, Inc. ir@novaei.com 214-722-3029
Nova Energy, Inc. (OTCBB: NVAE) Announces Profile on BusinessWeek.com
| Source: Nova Energy, Inc.
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.