SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

September 29, 2011 09:34 ET

Savanna East Africa Announces Corporate Update Presentation Scheduled for Release Thursday, October 6th

DALLAS, TX--(Marketwire - Sep 29, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) today announced a corporate update presentation from CEO Randell Torno scheduled for next Thursday, October 6th. The presentation is expected to include updates on both Savanna East Africa's recently announced acquisition of controlling interest in a condom manufacturing company in Nairobi, as well as previously announced management buyout negotiations.

A link to the presentation will be made available upon release.

Acquisition of Condom Manufacturing Company
Savanna East Africa recently announced the acquisition of fifty-one (51) percent of a condom manufacturing company headquartered in Nairobi, Kenya. The plant is currently in pre-production, though construction of the facility and manufacturing equipment is almost complete. The manufacturing facility's original founders ran short on the funds necessary to complete construction. Savanna East Africa stepped in and acquired the majority interest in the condom manufacturing company in exchange for a commitment to fund the balance of the financing required to bring the plant on-line.

Market Opportunity For Condoms -- Demand Dramatically Exceeds Supply
Savanna East Africa plans to provide local manufacturing to help fill a condom shortage in Kenya. Earlier this year Kenya experienced a critical shortage of condoms with Kenya's government making an appeal to the U.S. government for emergency funding (http://www.standardmedia.co.ke/InsidePage.php?id=2000031810&cid=4). Kenya currently uses approximately 20 million condoms a month, nearly double the number just seven years ago. As AIDS education grows, the demand for condoms has grown and is expected to continue. Kenya's National AIDS Strategic Plan 2009-2013 hopes to reach a monthly distribution target of 28 million condoms per month. The African continent is the largest per capita consumer of condoms in the world and currently imports approximately ninety percent of all condoms. Savanna's initial plans are to begin producing 10 million condoms per month.

Management Buyout Negotiations
Separately, the Savanna East Africa senior management team has initiated negotiations to purchase the controlling interest in Savanna East Africa. The Company's current business plan was implemented in early 2010 under the leadership of the late Major General Hugh Robinson who served as the CEO of Savanna East Africa. Last year General Robinson died unexpectedly and this spring CEO LTC Randell Torno stepped in as a permanent CEO. "The condom manufacturing acquisition is a key benchmark in the development of Savanna East Africa's business plan," said LTC Torno. "General Robinson played a key role in the original negotiations and Savanna has had to rebuild confidence here in the local Nairobi market. We are back on track and ready to rapidly proceed. A management acquisition is appropriate to maintain rapid development."

About Savanna East Africa, Inc.
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) launched an updated corporate strategy last year to pursue several business lines in the growing economy of East Africa, initially in Kenya. More information on the Company and its business plan is available by visiting www.savannaea.com

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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