North American Cannabis Holdings Inc (USMJ)

[ettan]

May 17, 2011 09:12:39 (ET)


DALLAS, TX, May 17, 2011 (MARKETWIRE via COMTEX) -- Savanna East Africa, Inc.'s (pinksheets:NVAE) corporate update Webcast scheduled for release later today from CEO Randell Torno is expected to highlight the return on investment (ROI) potential of the Company's small and medium enterprise (SME) sector strategy to add housing, healthcare and high tech capacity within developing economic regions. The Company is focused on pursuing these three business lines in East Africa, initially in Kenya. The Webcast will also feature an update on progress to acquire and develop assets to support Company objectives within all three business lines. The Webcast will be posted to the Company's corporate website, www.savannaea.com , and emailed to the corporate opt-in email database upon release.

Savanna East Africa recently announced that the Company's corporate information has been updated on the OTC Markets website, www.otcmarkets.com . Included among the updated information is a current list of company officers, including recently appointed CEO Randell Torno. Savanna East Africa is an SEC reporting company that is up-to-date in its quarterly and annual reporting requirements and is in the 'OTCQB' market tier of the OTC Markets, a tier that indicates the Company is current in their reporting obligations with the SEC. Savanna's fiscal year end is June 30th and the Company's latest periodic report filed on Form 10-Q with the SEC provides quarterly results for the period ended December 31, 2010. It should be noted that the "Latest Report" line item under the OTC Markets' NVAE 'Company Profile' which references the last report being from 2008 refers strictly to OTC Market's Disclosures and does not reflect annual and quarterly reports filed with the SEC. The Company's SEC periodic financial reports and other corporate filings can be found: by clicking on the 'Financials' tab under the Company's OTC Markets' profile and scrolling down to SEC filings; by going to the SEC's website, www.sec.gov ; or by going to Savanna's corporate website, www.savannaea.com , and