SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

September 08, 2011 09:29 ET

Savanna East Africa, Inc. Announces Nairobi Wireless Utility Metering Project Update

DALLAS, TX--(Marketwire - Sep 8, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced the Company will be hosting a senior member of the board of directors of a Nairobi-based local utility provider in Dallas next week. The purpose of the visit is to provide a capabilities demonstration and further advance an opportunity to build and implement a wireless utility metering capability in Nairobi.

Savanna East Africa Business Plan
Savanna East Africa is concentrating on developing high growth potential capacities within the housing, healthcare and high tech sectors in East Africa, initially in Kenya, with plans to explore business development opportunities into Ethiopia. Nairobi is the capital and largest city in Kenya, as well as the most populated city in East Africa. Nairobi is also home of the headquarters of UN-HABITAT and the United Nations International Strategy for Disaster Reduction Regional Offices for Africa.

Recent Acquisition of Condom Manufacturer
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.

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.

About Savanna East Africa, Inc. (www.savannaea.com) 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. Savanna has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. Savanna East Africa is a fully-reporting company with audited financial statements quoted on the '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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