SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

December 02, 2010 09:05 ET

(NVAE) Savanna East Africa, Inc. Announces Acquisition in Kenya With Two More Anticipated Before Year End, Together Expected to Generate $10 Million in 2011 Revenue

DALLAS, TX--(Marketwire - December 2, 2010) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced the first of three acquisitions anticipated before year end. Savanna is a fully-reporting Company with audited financial statements. Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. The acquisition today marks the first acquisition after months of preparation. Management anticipates rapidly executing two additional acquisitions. The three acquisitions are expected to substantially contribute to the Company's $10 million in revenue anticipated in 2011.

The acquisition announced today establishes an operating platform for Savanna in East Africa. The Company has worked closely over the past year with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) as part of the NewMarket Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company was similarly named Savanna East Africa, Ltd. Savanna East Africa, Inc. has acquired a majority interest in Savanna East Africa, Ltd., and the two additional pending acquisitions would be executed by Savanna East Africa, Ltd.

In addition to the two additional pending acquisitions in East Africa, Savanna has been organically developing technology and construction operations. Savanna has engaged technology projects in East Africa in partnership with other NewMarket Greenfield Partners. Savanna and Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a GPS-enabled radio communication sale in Kenya. To learn more about Savanna East Africa visit the Company's website at www.savannaea.com.

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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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