Nova Elects Financial Leader to Board of Directors
09 August 2006 - 11:00PM
PR Newswire (US)
HOUSTON, Aug. 9 /PRNewswire-FirstCall/ -- Nova Energy Holding, Inc.
(OTC:NVAO) announced today that it has elected John Reiland to its
board of directors. Mr. Reiland brings rich management experience
in finance and operations to the post. Mr. Reiland is currently
employed by Sanders Morris Harris Group as a senior financial
analyst, where he works on special assignments involving portfolio
companies. In addition to Nova's board, Mr. Reiland also serves on
the board of directors for Ronco Corp. and for New England Pantry,
Inc. "John is brilliant with financial strategy for public
companies," said Kenneth Hern, Nova's Chairman and Chief Executive
Officer. "Having someone with his business and finance acumen will
be a tremendous asset to the board. We're very pleased to have him
join us and know he brings a lot to the table." Mr. Reiland
formerly served as chief financial officer for U.S. Dataworks,
Inc., a developer of payment software focused on the financial
services market and also on federal, state and local governments;
and for NEON Systems, Inc., where he helped manage the development
of an independent software vendor focused on mainframe to client
server middleware. He served as president and chief executive
officer for Service IQ, where he was recruited to supervise the
development of wireless information software. He previously served
in senior financial leadership roles with Charter Communications
International, Inc., Motor-Columbus AG, Deeptech International,
Inc., and Houston International Teleport. "I'm pleased to join
Nova's board of directors," Mr. Reiland said. "Having worked in the
financial sector for nearly 30 years, including 15 years in the
energy industry, I was attracted to Nova's expanding role in the
biodiesel fuel industry. Nova's proprietary process in refining
biodiesel fuel can make a world of difference to our environment,
and we hope to whittle away at our country's dependence on foreign
oil sources." Mr. Reiland will serve as the chairman of the Audit
Committee and as a member of the Nominating and Corporate
Governance Committee. The company's board now consists of seven
members, including five independent directors. About Nova Energy
Holding, Inc. Nova Energy Holding, Inc. is currently the trade name
for Nova Oil, Inc. and the company intends to change its name in
the near future. Nova is an energy company in the business of
synthesizing and distributing renewable fuel products and related
co-products. Nova's initial focus will be to construct and operate
two to four biodiesel refineries with production capacity of
between 120 to 240 million gallons of biodiesel fuel on an annual
basis. Nova's business strategy for the next three years includes
the construction of up to seven biodiesel refineries with
production capacities ranging from 20 to 60 million gallons per
year. All of Nova's refineries will use its proprietary, patented
process technology, which enables the use of a broader range of
lower cost feed stocks. More information on Nova can be found at
http://www.novaenergyholding.com/ . DATASOURCE: Nova Energy
Holding, Inc. CONTACT: J.D. McGraw, President & COO of Nova
Energy Holding, Inc., +1-713-869-6682; or Michelle Clark of
Halliburton Investor Relations, +1-972-458-8000, for Nova Web site:
http://www.novaenergyholding.com/
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