SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

September 16, 2010 09:05 ET

(NVAE) Savanna East Africa Suggested ROI Potential of Approximately 300% Reviewed in CEO Webcast Presentation on Recent Prime Equity Research Analyst Report

DALLAS, TX--(Marketwire - September 16, 2010) -  Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today released a Webcast presentation hosted by CEO Philip Verges discussing the initiation of independent analyst coverage by Prime Equity Research and their initial report rating the Company as a 'speculative buy' with a target PPS of $0.02, representing an approximate 300% increase over the recent share price low of $.005.

The report released earlier this week includes an overview of Savanna's forecasted $10 million in revenue for fiscal year 2011 and its business plan for diversified offerings in East Africa to include initiatives in the Technology, Utility, Housing and Health products industries, and the continuation of the Company's oil reclamation business focus in the U.S. 

Today's Webcast reviews the analyst report on the Company to include the report's discussion of the Company's participation in the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program, the analyst's over-the-counter market experience, the analyst's target price per share determination, Company milestone expectations and risks and investor considerations.

A link to the Webcast is available on the corporate website Home and Investor Relations pages at www.savannaea.com or directly at http://www.savannaea.com/webcasts/wbpr_91610.html.

Savanna and the Greenfield Partnership Program

Through the Greenfield Partnership Program, Savannas has been developing project opportunities with NuMobile, Inc. (OTCBB: NUBL) in Kenya to include a wireless utilities metering project and a mobile wallet opportunity. Both projects are featured in more detail within the Prime Equity Research report. Also featured in the report is Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR), another important contributor to the Savanna East Africa projects in Kenya.

Prime Equity Research Report on Savanna

To review a copy of the initial report issued today, please follow this link: http://tinyurl.com/36ahrla or visit the Savanna corporate website at www.savannaea.com or the Prime Equity Research website at www.primeequityresearch.com.

The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. Savanna engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.

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. (NVAE), previously named Nova Energy, Inc., launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova 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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