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(NVAE) Nova Energy, Inc. and Savanna East Africa LTD Acquisition Pipeline Report Presentation Scheduled for Thursday, June 17

^{Published on 2010-06-15 06:20:44 - Market Wire}
 

DALLAS, TX--(Marketwire - June 15, 2010) - Nova Energy, Inc. (PINKSHEETS: [ NVAE ]) (OTCQB: NVAE) today announced the Company plans to release a Webcast presentation this Thursday, June 17^th, to provide an acquisition pipeline report. Nova recently introduced an expanded business plan to enter into diversified operations with high growth potential in East Africa. Nova has a robust pipeline of acquisition opportunities to support both its expanded business plan in East Africa as well as its oil reclamation strategy. The Webcast is expected to provide an update on the Company's acquisition pipeline, including acquisitions the Company plans on closing in this quarter. A link to the Webcast will be posted to the Nova Energy website [ www.novaei.com ] upon release.

East Africa Acquisition Pipeline Update
Recently, Nova announced finalizing a letter of intent (LOI) and corresponding escrow agreement in the planned acquisition of Palm Healthcare International LTD by Savanna East Africa LTD. Savanna East Africa LTD was formed to facilitate acquisition and business development in that region. Nova has plans to change its corporate name to Savanna East Africa, Inc. as soon as reasonably possible.

East African Wireless Project Update
Separately, Nova was featured in an on-demand Webcast presentation released yesterday on a previously announced wireless utility metering project in East Africa. The Webcast also reviews price per share and return on investment potential and over-the-counter market dynamics as a whole, including share price discussion in relation to fundamental financials and how 'milestone investing' coincides with share price volatility. A link to the Webcast is available at [ www.novaei.com ].

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 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.