SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

January 13, 2011 10:52 ET

(NVAE) Savanna East Africa Plans for Rapid Growth in Condom, Telecom and Housing Markets

DALLAS, TX--(Marketwire - January 13, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today released a statement from CEO Philip Verges.

"Savanna East Africa is an innovative, micro-cap public company concentrating on the acquisition and development of high growth entrepreneurial enterprises in the East African region. East Africa is poised for rapid economic growth, with some considering it the next China. There is no shortage of demand for just about anything in East Africa and there is no shortage of highly educated and talented entrepreneurs. Pinksheets and OTCBB micro-cap public companies provide an excellent platform for connecting demand and talent with investment. Investors enjoy the protection of a company subject to U.S. laws and regulations and the high growth potential of an emerging market. Yes, we are acquiring both a condom manufacturing company with plans to go into production in April and a telecommunications systems integrator. We have also organically launched an affordable housing initiative."

2011 Business Plan Webcast Featuring $10 Million Revenue Objective

Last week, Savanna East Africa released an on-demand Webcast presenting the Company's most recent business plan updates for 2011, to include the plans to spin off the Company's oil and gas operations and the substantial progress anticipated this year in the development of a diverse portfolio of high growth companies headquartered in East Africa. Savanna East Africa recently announced the completion of its first acquisition in Kenya, with two additional pending acquisitions. Portfolio targets include opportunities in the East African health products, housing and utility markets. The Webcast also reviews Savanna's foundation-building operational performance in 2010 and provide more detail behind the Company's $10 million 2011 revenue objective.

The Webcast is currently available for on-demand review on the Company's corporate website, www.savannaea.com, or directly at http://tinyurl.com/NVAEJan6.

2011 Greenfield Partnership Program Videocast
Savanna East Africa is slated to be featured in a 2011 Greenfield Partnership Program videocast that was scheduled for release this Friday, January 14th. Due to scheduling conflicts, the videocast will be released next week and a link will be posted to Savanna East Africa corporate website Investor Relations page at www.savannaea.com upon release and a link will be emailed to the corporate opt-in email database. Recent Webcasts and other communications are also available for review on the Savanna East Africa Investor Relations webpage.

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 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.

Contact Information