NVCM - Nova Communications, Ltd. (fka NCVM)

[Homer Thompson]

FYI,

BSNS WIRE) Nova Subsidiary to Be Acquired for $2,000,000
Nova Subsidiary to Be Acquired for $2,000,000


Business Editors

TORRANCE, Calif.--(BUSINESS WIRE)--July 16, 2003--Nova
Communications Ltd. (OTCBB:NCVM) announced today that it has reached
verbal agreement to sell its Kadfield, Inc. d/b/a BuyMicro subsidiary
for $2,000,000 in a combination of cash and stock. The undisclosed
potential buyer is a publicly traded company based in Deerfield Beach,
FL.
More information will be available once a letter of intent is
executed and filed under Securities and Exchange Commission Form 8-K.
Per the verbal agreement, the parties will enter into a letter of
intent to be followed by a definitive acquisition agreement once due
diligence reviews are completed and all terms are satisfied.
Ken Owen, Nova Communications CEO, stated, "In BuyMicro we have
built a valuable business, and Nova management believes its sale for a
combination of cash and stock in another entity will strengthen Nova's
balance sheet and build additional shareholder value. Further, this
transaction will help facilitate the consummation of Nova's proposed
merger with PowerSki International, the designer and manufacturer of
the PowerSki Jetboard, the World's most innovative watercraft."
Nova Communications recently announced that it has entered into a
Letter of Intent to merge with PowerSki International. To learn more
about the World's most innovative watercraft and to view behind the
scenes footage of the Jetboard in action for Fox Sports' 54321 sports
program, please visit the Company's web site at
http://www.powerski.com/home.html.

Cautionary Statement for the Purpose of the Safe Harbor Provisions
of the Private Securities Litigation Reform Act of 1995:
Forward-looking statements in this news release are made under the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Certain important factors could cause results to differ
materially from those anticipated by the forward-looking statements,
including the impact of changed economic or business conditions, the
impact of competition, the success of existing and new product
releases, the management of our growth, other risk factors inherent in
the telecommunications industry, and other factors discussed from time
to time in reports filed by the company with the Securities and
Exchange Commission.
Nova Communications has and continues to institute changes to its
strategies, operations and processes to address these risk factors and
to mitigate their impact on Nova Communications' results of operations
and financial condition. However, no assurances can be given that Nova
Communications will be successful in these efforts.

--30--MH/la*

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