DALLAS, TX--(Marketwire - September 14, 2010) - Savanna East Africa, Inc. (
"The Prime Equity Research Report provides an excellent overview of the Company's business plan," said CEO Philip Verges. "The analyst's conservatively determined target price per share represents a value approximately 300% more than the current share price and the Company has only just begun to execute on the updated and expanded business plan. In my Webcast scheduled for Thursday, I will present the Company's forecasted milestones to reach $10 million in annual revenue and my perspective on the potential for those milestones to enhance the future target price per share."
Webcast Thursday, September 16th
Savanna plans to release a Webcast presentation on Thursday, September 16th, to provide a business plan update on forecasted milestones to reach $10 million in annual revenue in addition to highlights from the Prime Equity Research report released today. A link to the Webcast will be posted to the corporate website Investor Relations page at www.savannaea.com and emailed to the corporate opt-in email database upon release.
Prime Equity Research Report on Savanna
To review a copy of the initial report issued today, please visit the Savanna corporate website at www.savannaea.com or the Prime Equity Research website at www.primeequityresearch.com.
The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. Savanna engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
Savanna East Africa Information and Email Newsletter
To learn more about Savanna East Africa and to sign up for company email alerts, please visit the corporate website at www.savannaea.com.
About Savanna East Africa, Inc. (www.savannaea.com)
Savanna East Africa, Inc. (NVAE), previously named Nova Energy, Inc., launched an updated corporate strategy early this year 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. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies. Savanna East Africa is a fully-reporting company with audited financial statements quoted on the new 'OTCQB.'
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.
Contact Information:
Contact:
Savanna East Africa, Inc.
info@savannaea.com
214-722-3044