SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

February 01, 2011 15:35 ET

(NVAE) Savanna East Africa, Inc. Schedules Webcast to Announce New CEO With Update on Plans to Reach 2011 $10 Million Revenue Objective

DALLAS, TX--(Marketwire - February 1, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for Thursday, February 3rd to announce a new Chief Executive Officer and to provide an update on plans to reach the Company's $10 million 2011 revenue objective.. Philip Verges, the founder of the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program has been serving as the interim CEO since Major General Hugh Robinson, the founding CEO, passed away early last year. Mr. Verges will remain as Chairman of the Savanna East Africa and will introduce the new CEO in the Webcast on Thursday.

Savanna and Kenya Ministry of Housing Update Webcast
Last week, Savanna and the NewMarket Greenfield Program released a Webcast reporting on meetings held in New York City recently with Kenya's Ministry of Housing and the National Housing Corporation of Kenya.

The Kenya Ministry of Housing has launched a slum upgrade project (KENSUP) that has already piloted a relocation of Kibera slum residents to a temporary housing area pending a tear down and rebuild of their former housing facilities. NewMarket, Savanna East Africa and Vita Developments (www.vitadev.org) are partnering in Kenya in an effort to contribute to and accelerate the Ministry of Housing's slum upgrade project.

The Webcast is now available for on-demand review and commenting at www.savannaea.com.

About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Follow the Greenfield Partnership Program on Facebook at: http://tinyurl.com/greenfieldpp and on Twitter at http://twitter.com/greenfieldpp.

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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