(NVAE) Nova Energy Return on Investment Potential to be Presented in Webcast Monday, May 10th

DALLAS, TX--(Marketwire - May 5, 2010) -  Nova Energy, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for Monday, May 10th, to present an overview of the anticipated return on investment potential that could be realized from an investment in Nova stock. Nova is an early stage business with a dual strategy to achieve high growth through the oil and gas reserve rework market and recent expansion into a diverse range of early stage business opportunities in East Africa. Such early stage business strategies within rapidly expanding industries can produce attractive returns for investors. However, small business or early stage investing, particularly in over-the-counter listed companies is significantly different than investing in big businesses listed on national exchanges such as the NYSE Euronext. The Monday presentation is intended to provide interested investors insight into Nova's anticipated performance over the next 18 months and how that performance might be translated into an attractive return as a result of an investment in Nova stock.

The presentation on Monday will be conducted by The Small Equity Initiative (SEI). SEI is a not-for-profit organization established by the founders of NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) and China Crescent Enterprises, Inc. (OTCBB: CCTR) to coordinate education, advocacy and activism to improve the capital markets for both small business entrepreneurs and investors. The presentation will also include more detail from SEI on investing strategies specific to small, start-up and early stage businesses listed on the over-the-counter markets. A link to the Webcast will be published at www.smallequity.com upon release on Monday and emailed to the SEI opt-in database. To sign up to receive SEI updates, go to www.smallequity.com to register.

The following is a brief overview of the SEI perspective on small business investing:

Small business investing is significantly different than big business investing, but the industry experts, analysts, investment and commercial bankers put a big business assessment template on the small business sector. That big business template distorts the fact that the small business sector is the biggest contributor to global employment and gross domestic product and that somewhere within that employment and gross domestic contribution is probably a good, if not great, return on investment opportunity.

Most small businesses do not sustain operations beyond three years. Keep in mind however, that the small business sector accounts for the majority of global employment and the majority of the global gross domestic product. What does that tell you? It tells you that entrepreneurs don't just start one business in their life time, but multiple businesses. As one small business reaches the end of its lifecycle, the founding entrepreneur starts a new business and probably hires many of the same employees working as his last business. To realize a return on a small business investment, the investment horizon should likely be less than the three year statistical life expectancy of most small businesses. While most small businesses will not sustain beyond three years, many will at least realize some profitable milestones achievements within their three year lifecycle that have the potential to deliver a return to the investors that funded the start-up or one of the initiatives that led to a milestone achievement following the start-up. 

Nova Energy Email Updates

Nova is expanding its website and plans to issue regular updates on Company progress via email to its opt-in, permission-based email database. To join the email database, please send an email to ir@novaei.com.

About The Small Equity Initiative (www.smallequity.com)
Small Equity Initiative is a not-for-profit organization dedicated to improving the opportunity for self-directed retail investors to profit from over-the-counter investments and for entrepreneurs to gain better access to capital for their business plans. The Small Equity Initiative (SEI) plans to build a community for small business investors and entrepreneurs aimed at improving the collective understanding of how the over-the-counter market really works today and how it can be improved in the future. SEI is based in the U.S. but serves the global small business community.

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.

"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.

Contact Information:

Contact:
Nova Energy, Inc.
ir@novaei.com
214-722-3044