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Thursday, June 23, 2011 11:49:35 AM
(PINKSHEETS: NVAE) (OTCQB: NVAE) has sche! duled a Webcast Trip Report for release
Tuesday, June 28th to its website www.savannaea.com. Last week, senior
management and key stakeholders met in Nairobi, Kenya to work on a number of
strategic next steps for the Company. A main focus of the meeting was next steps
towards the acquisition of a condom manufacturing facility under construction in
Kenya, anticipated to provide local manufacturing to help fill the condom
shortage in Kenya. Earlier this year Kenya experienced a 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.
Additionally, the meetings focuse d on finalizing plans for a Trade Mission later
this year to Kenya. The Trade Mission is intended to encourage investment into
East African regional small and medium enterprises (SMEs). Savanna East Africa
hosted a pilot Trade Mission last year in Nairobi with the United Nations
International Strategy for Disaster Reduction (www.unisdr.org) and the Small
Equity Initiative (www.smallequity.com) with a program intended to stimulate
small and medium enterprise investment in high growth potential business sectors
through reverse merger and PIPE financing strategies. The UNISDR's participation
is specifically intended to urge private sector innovation and investment aimed
at reducing disaster risk. To learn more about the Private Sector and the
UNISDR, please visit: http://www.unisdr.org/partners/private-sector. To learn
more about the Trade Mission planned for October 2011, please email
info@savannaea.com.
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