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(NVAE) Savanna East Africa Posts Webcast Report on New York City Meetings With Kenya's Ministry of Housing

^{Published on 2011-01-28 11:15:50 - Market Wire}
 

DALLAS, TX--(Marketwire - January 28, 2011) - NewMarket Technology, Inc. (PINKSHEETS: [ NWMT ]) (OTCQB: [ NWMT ]) along with Greenfield partner Savanna East Africa, Inc. (PINKSHEETS: [ NVAE ]) (OTCQB: [ NVAE ]) today released a Webcast reporting on meetings held in New York City last week with Kenya's Ministry of Housing and the National Housing Corporation of Kenya.

The Kenya Ministry of Housing has launched a slum upgrade project (KENSUP) that has already piloted a relocation of Kibera slum residents to a temporary housing area pending a tear down and rebuild of their former housing facilities. NewMarket, Savanna East Africa and Vita Developments ([ www.vitadev.org ]) are partnering in Kenya in an effort to contribute to and accelerate the Ministry of Housing's slum upgrade project.

The Webcast is now available for on-demand review and commenting at [ www.savannaea.com ].

Separately, NuMobile, Inc. (OTCBB: [ NUBL ]), China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) and Savanna East Africa have partnered to build a wireless broadband network in Nairobi, Kenya. The joint project was developed through the NewMarket Technology Greenfield Partnership Program. The broadband network is intended to provide a wireless meter reading capability to local utility companies. After successful completion of the testing phase, the wireless broadband project is expected to expand throughout Nairobi, followed by expansion to additional cities and countries throughout East Africa.

About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Greenfield Partners today include China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]), NuMobile, Inc. (OTCBB: [ NUBL ]), Savanna East Africa, Inc. (PINKSHEETS: [ NVAE ]) (OTCQB: [ NVAE ]) and World Series of Golf, Inc. (PINKSHEETS: [ WSGF ]) (OTCQB: [ WSGF ]).

Follow the Greenfield Partnership Program on Facebook at: [ http://tinyurl.com/greenfieldpp ] and on Twitter at [ http://twitter.com/greenfieldpp ].

About NewMarket Technology, Inc. ([ www.newmarkettechnology.com ])
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.

NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.

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.