N@N

(NVAE) Savanna East Africa, Inc. Announces New CEO to Lead African Expansion Toward $10 Million 2011 Revenue Objective

^{Published on 2011-02-04 06:06:03 - Market Wire}
 

DALLAS, TX--(Marketwire - February 4, 2011) - Savanna East Africa, Inc. (PINKSHEETS: [ NVAE ]) (OTCQB: [ NVAE ]) has released a previously scheduled Webcast announcing the Company's new Chief Executive Officer, Lieutenant Colonel (retired) Randell Torno. LTC Torno has extensive experience in East Africa having recently completed a recall to Active Service from 2007 to 2010, where he last served as the Chief of the United States Africa Command's Assistance Mission to the Ethiopian Defense Command and Staff College in Addis Ababa, Ethiopia from late 2008 to September 2010. Over the past half year, LTC Torno has also traveled with Savanna East Africa to lead meetings during the Company's Trade Mission to Kenya last October and most recently with the Kenyan Ministry of Housing in New York City.

LTC Torno also served one combat tour in Iraq from 2007 to 2008, where he was responsible for oversight of more than $10 billion of the US Government's Logistics Civil Augmentation Program (LOGCAP), the major supply and services provisioning program for the logistics needs of the 180,000 plus soldiers, sailors, airmen and marines deployed to combat. In his capacity as the LOGCAP Program Officer, he directed the employment and staffing levels for the LOGCAP contractor for ground transportation systems, airfield operations, military maintenance requirements and forward resupply services. LTC Torno initiated systems reviews that resulted in over $25 million in savings to the government over the course of his deployment.

Prior to his recall to duty, he served as the Creative Director and Principal Officer of The Light Brigade, a Dallas-based film production and media services company which he founded in 1991. LTC Torno's clients included numerous regional, national and international companies ranging from Lennox Heating and Air Conditioning to Yum Brands (Pizza Hut), Cadbury Schweppes and Southwest Airlines.

LTC Torno holds a BA in Mass Communication from the University of South Dakota and an MA in Media Studies from the University of North Texas. He is also a graduate of the US Army's Command and General Staff Officers Course and the Department of Defense Joint Staff Officers Course.

The Webcast introducing LTC Torno is now available for review on the corporate website at [ www.savannaea.com ].

Philip Verges, the founder of the NewMarket Technology, Inc. (PINKSHEETS: [ NWMT ]) (OTCQB: NWMT) Greenfield Partnership Program has been serving as the interim CEO since Major General Hugh Robinson, the founding CEO, passed away early last year. Mr. Verges will remain as Chairman of Savanna East Africa.

Savanna and Kenya Ministry of Housing Update Webcast

Last week, Savanna and the NewMarket Greenfield Program released a Webcast reporting on meetings held in New York City recently 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 Kenya Ministry of Housing Update Webcast is also available for on-demand review and commenting at [ www.savannaea.com ].

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.

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

About Savanna East Africa, Inc.([ www.savannaea.com ])
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.