SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

December 14, 2010 09:49 ET

(NVAE) Savanna East Africa Considers Upward Revision of 2011 $10 Million Revenue Objective

DALLAS, TX--(Marketwire - December 14, 2010) -  Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced an on-demand Webcast scheduled for January 6, 2011 to present the Company's plans for the upcoming fiscal year.

Savanna recently announced the completion of its first acquisition in Kenya with two pending acquisitions expected by year-end. Additionally, the Company also announced a planned operation spinoff anticipated in the first quarter of 2011. A recent Webcast review of the one completed and two pending acquisitions titled, "Savanna East Africa Acquisition and Spinoff Review Webcast" is available on Savanna's corporate website

Based on the Savanna's recent acquisition progress, in addition to organic sales traction, management is currently considering an upward revision of the Company's current $10 million 2011 revenue objective. The Company's plans for the 2011 fiscal year will be presented in detail in the Webcast scheduled for January 6th.

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About Savanna East Africa, Inc. (
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.'

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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