Nova To Direct $20 Million Equity Line of Credit Toward Personal Watercraft Industry

TORRANCE, Calif.--June 22, 2004--Nova Communications Ltd. (OTCBB:NCVM) announced today that following its meeting of the Board of Directors, it has been agreed that the Company will direct the proceeds of its $20,000,000 private equity line of credit with Dutchess Private Equity Funds, L.P. toward the personal watercraft industry.

The Company has signed a Memorandum of Understanding with PowerSki International (visit http://www.NCVM.net for more information), and recently announced entrance into a joint venture agreement to develop an electric propulsion engine for the marine industry.

Nova has invested numerous resources and funds into the personal watercraft industry over the last year and is evaluating several additional acquisition candidates.

Ken Owen, CEO of Nova Communications, stated, "The Board of Directors' decision sets a significant direction for the Company, as it will venture beyond the potential merger with PowerSki International and concurrently develop additional watercraft vehicles and acquisition plans.

"Our goal is to build shareholder value not only through currently planned acquisitions, but also through the acquisition and development of other watercraft products and machines -- such as additional acquisition candidates and our recent announcement to develop an electric marine propulsion system for personal watercraft."

Nova has executed a financing agreement with Dutchess Private Equities Fund, L.P., based in Boston, Mass., whereby Dutchess shall invest up to $20,000,000 in Nova Communications through equity transactions in a private equity line of credit, good for 36 months. More information regarding the execution of the financing agreement can be found on the website of the Securities and Exchange Commission at http://www.sec.gov/Archives/edgar/data/769882/000120095204000074/ 0001200952-04-000074-index.htm. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)

About Nova Communications

Nova Communications has entered into a Memorandum of Understanding to close a merger with PowerSki International, the designer and manufacturer of the patented PowerSki Jetboard, the World's most innovative watercraft.

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 http://www.ncvm.net or http://www.powerski.com/home.html.