SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

November 16, 2010 09:09 ET

(NVAE) Savanna East Africa Lays Foundation for 2011 $10 Million Revenue Objective

DALLAS, TX--(Marketwire - November 16, 2010) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced filing the Company's financial report for its most recent operational quarter. Savanna is a fully-reporting Company with audited financial statements. Early this year, Savanna announced a business plan expansion to acquire and develop high growth operations in East Africa. After several months of restructuring, and the execution of a $1 million investment agreement, Savanna anticipates completing the acquisition of its first two operations, both headquartered in Nairobi, Kenya. The Savanna management team traveled to Kenya last month to finalize terms. The acquisitions have been pending the completion of Savanna's most recent quarterly report. Savanna East Africa has announced a 2011 revenue goal of $10 million.

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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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