SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

December 16, 2010 10:18 ET

(NVAE) Savanna East Africa, Inc. PPS Potential to Deliver ROI in Conjunction With Recent Acquisition and 2011 $10 Million Revenue Objective to Be Featured in Upcoming Webcast

DALLAS, TX--(Marketwire - December 16, 2010) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for Tuesday, December 21st. Savanna is a NewMarket Technology, Inc. (PINKSHEETS: NWMT)(OTCQB: NWMT) Greenfield Partnership Program participant. The Webcast will be hosted by the NewMarket Greenfield Program to feature the PPS performance potential of Greenfield Partner companies. The Webcast presentation is slated to discuss different types of companies quoted on the over-the-counter market and suggest different investment expectations associated with each type in addition to suggesting specific strategies to achieve investment expectations.

Savanna recently announced the completion of its first acquisition in Kenya, with two pending acquisitions expected by year-end. Additionally, the Company has announced a planned operation spinoff anticipated in the first quarter of 2011. A separate 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 www.savannaea.com. 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.

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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