Nova Energy Holding, Inc.

HOUSTON, TX--(MARKET WIRE)--Mar 31, 2006 -- Nova Energy Holding, Inc. (OTC BB:NVAO.OB - News) announced the launch of its new biodiesel fuel company, which is headquartered in Houston, Texas. The company's business strategy involves the design, engineering and construction of wholly owned biodiesel refineries in the United States, and the production and marketing of biodiesel fuel and glycerin. The company's common stock trades under the symbol NVAO on the over-the-counter electronic bulletin board.

Comment - Love the stock action today and seems like a great announcement for today's time. But, .............. with the 8-K filed, over 40 million shares outstanding now. Anybody have any thoughts on the valuation.