DALLAS, TX — (Marketwire) — 07/15/11 — Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) and the Small Equity Initiative today announced plans to campaign in Geneva, Switzerland, home of the United Nations, to expand the role of the United Nations in the upcoming Trade Mission to Kenya scheduled for November 2011. Last year, Savanna East Africa hosted a pilot Trade Mission to Kenya with the United Nations International Strategy for Disaster Reduction () and the Small Equity Initiative () with a program intended to stimulate small and medium enterprise investment in high growth potential business sectors. The UNISDR–s participation is specifically intended to urge private sector innovation and investment aimed at reducing disaster risk. Savanna East Africa and the Small Equity Initiative will work the week of July 25th in Geneva to win the participation of additional United Nations organizations in the upcoming Trade Mission to Kenya later this year.
To learn more about the Private Sector and the UNISDR, please visit: . To learn more about the Trade Mission planned for November 2011, please email .
CEO Webcast on Nairobi Meetings and Acquisition Progress
Savanna East Africa recently released a Webcast from CEO LTC Randell Torno reporting on the recent senior management and key stakeholder meetings the Company held in Nairobi, Kenya. Among the various agenda items, the meetings focused on next steps towards the acquisition of a condom manufacturing facility under construction in Kenya, which is 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 ().
The recent meetings also reviewed two other acquisition candidates in the region. 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 and with plans to explore widening its business development into Ethiopia.
To review the CEO Webcast, visit directly or the corporate website at . Viewers can navigate through the presentation and leave comments.
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. 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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