(NVAE) Savanna East Africa Webcast on Recent Acquisition With Two More Anticipated This Month and $10 Million in 2011 Revenue Goal Set for Release Friday
Dec. 7, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 12/07/10 -- Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for release for this Friday, December 10, 2010 to review its recently announced acquisition in Kenya. The recent acquisition is the first of three acquisitions anticipated before year-end. The three acquisitions are expected to substantially contribute to the Company's $10 million in revenue anticipated in 2011.
Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. A link to the Webcast will be posted to the corporate website at www.savannaea.com and emailed to the corporate opt-in email database upon release.
The recent acquisition establishes an operating platform for the Company in East Africa. The Company has worked closely over the past year with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) as part of the NewMarket Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company was similarly named Savanna East Africa, Ltd. Savanna East Africa, Inc. has acquired a majority interest in Savanna East Africa, Ltd., and the two additional pending acquisitions would be executed by Savanna East Africa, Ltd.
Aside from the two pending acquisitions in East Africa, Savanna has been organically developing technology and construction operations. Savanna has engaged technology projects in East Africa in partnership with other NewMarket Greenfield Partners. Savanna and Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a GPS-enabled radio communication sale in Kenya. To learn more about Savanna East Africa visit the Company's website at www.savannaea.com.
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. (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.
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Contact:
Savanna East Africa, Inc.
Email Contact
214-722-3044
Source: Marketwire (December 7, 2010 - 9:10 AM EST)
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