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Nova Energy, Inc.: Nova Energy, Inc. Press Release

^{Published on 2009-07-21 05:37:24, Last Modified on 2009-11-02 11:51:41 - Market Wire}
 

CARSON CITY, NV--(Marketwire - July 21, 2009) - Nova Energy, Inc., (OTCBB: [ NVAE ]) today announces that the Financial Industry Regulatory Authority (FINRA) has now cleared the firm's request for trading on the OTC Bulletin Board. This ruling was made pursuant to FINRA Rule 6440 and Rule 15c2-11 under the Securities Exchange Act of 1934 and became effective July 20, 2009.

Daymon Bodard, Nova's President & CFO, stated, "We are extremely pleased with the recent FINRA ruling. The establishment of Nova's listing on the OTCBB is a positive development for our company. The additional credibility associated with this listing is good news for all current and future Nova investors and stakeholders. Investor confidence should improve as a result of the increased level of the current review process by the SEC of From 10 filings, including the filing associated with this listing. Though I am certainly not making any predictions, this higher degree of confidence is often reflected in increased volume, higher price points, and greater value for our stock. In addition, we look forward to working with new potential investors in our exciting, viable oil and gas opportunities."

Bodard went on to say, "Everyone on the Nova team has worked hard over the past 10 months to freshen our strategy, streamline operations, and generally shape Nova into a highly successful company. The OCTBB listing is one highly visible indicator that our efforts are paying off."

About Nova Energy, Inc.:

Nova Energy, Inc. is focused on the recovery of oil and gas reserves through acquisition and project development, concentrating on mature and marginal field enhancement, developmental exploration drilling and low risk opportunities currently in Texas. We continue to evaluate oil and gas opportunities throughout North America.

To learn more about Nova Energy, Inc., as well as general information about the Barnett Shale area and the geology of the oil and gas formations, please visit our web site at [ www.novaenergyinc.com ]. Corporate Office Telephone: (775)-720-9411.

Disclaimer:

The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.