SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

January 04, 2011 09:40 ET

(NVAE) Savanna East Africa Announces Short Squeeze Potential and 250% PPS Increase to $.025 at Close Yesterday With Intraday High of $0.04 on Record Volume

DALLAS, TX--(Marketwire - January 4, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced that the Company has been listed on the Regulation SHO "threshold security" list. Regulation SHO targets abusive naked short selling by reducing failure to deliver securities and by limiting the time in which a broker can permit failures to deliver. Listing on the Regulation SHO "threshold security" list could signal possible buy-in pressure that could, in turn, result in an increased price per share (PPS). Yesterday, Savanna's PPS closed at $0.025 an increase of more than 250% from the previous day's close, and reached an intraday high of $0.04. Yesterday's PPS increase occurred on record trading volume. The nearly two million shares traded yesterday is the highest trading volume of Savanna stock in the past year.

Strategic Acquisition Webcast

Early In December, Savanna released an on-demand Webcast in conjunction with the completion of its first acquisition in Kenya and to review two additional pending acquisitions. The Webcast also reviewed an anticipated spinoff in the first quarter of 2011. Based on Savanna's recent acquisition progress, in addition to organic sales traction, management is currently considering an upward revision of the Company's $10 million 2011 revenue objective. The Webcast is available for on-demand review at www.savannaea.com or directly at http://tinyurl.com/SEAWebcast.

Savanna's Ongoing Role in the Greenfield Partnership Program

Savanna was highlighted last week in an on-demand NewMarket Technology CEO Webcast presentation. In the presentation, NewMarket CEO Bruce Noller highlighted Savanna's 2010 operational performance and 2011 business plan updates in a comprehensive presentation on NewMarket's operations and plans. The Webcast is available now for on-demand review at www.newmarkettechnology.com or directly at http://tinyurl.com/NewMarket1230.

PPS, ROI and The OTC(BB) Factor Webcast

Savanna was also recently featured in a Greenfield Partnership Program Webcast available for on-demand review at http://tinyurl.com/GFWebcast1221. The Webcast, titled 'The OTC(BB) Factor -- A Different Perspective On Achieving An ROI,' discusses the different types of companies quoted on the over-the-counter market while suggesting different investment expectations associated with each type and suggesting specific strategies to achieve investment expectations.

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. (PINKSHEETS: NVAE) (OTCQB: NVAE) launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Savanna 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.

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