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(NVAE) Savanna East Africa Targets Underserved Condom Industry in Kenya as Government Appeals to U.S. Funding to Cover Critical

^{Published on 2011-03-29 09:02:22 - Market Wire}
 

DALLAS, TX--(Marketwire - March 29, 2011) - Savanna East Africa, Inc. (PINKSHEETS: [ NVAE ]) (OTCQB: [ NVAE ]) today highlighted the current condom shortage in Kenya. Last year, as part of its updated corporate strategy to pursue several business lines in the growing economy of East Africa, Savanna began developing a condom manufacturing capacity in Kenya. Savanna has been working to complete an acquisition of a condom manufacturing plant already under construction. The demand for condoms has risen in Kenya due to recent campaigns promoting condom use. Additionally, while some condoms are still available through the private sector, 75% of condoms used in Kenya are distributed by the government. Last week, Kenya's government made an appeal to the U.S. government for emergency funding for 45 million condoms over the next two months ([ http://www.standardmedia.co.ke/InsidePage.php?id=2000031810&cid=4& ]). In some cases, delivering condoms to rural areas has also been a challenge due to infrastructure issues. Look for more updates from Savanna in the coming months.

Prospective Housing Project

In addition to pursuing the heathcare products industry in East Africa, Savanna is actively pursuing the housing market. Savanna CEO Randell Torno recently conducted a Webcast to discuss next steps on a prospective 200 unit public housing project as well as a potential university youth hostel project in Kenya. Additionally, Mr. Torno recently met with Kenya's National Housing Corporation (NHC) to further refine the development of these initiatives. Earlier this year, Savanna and NewMarket hosted meetings in New York City with Kenya's Ministry of Housing and the NHC. NHC's mission is to provide safe, affordable and sustainable living accommodations for Kenyans who are today without adequate housing. To learn more about Savanna's housing initiatives in Kenya and the business opportunity, listen to the on-demand Webcast available now at [ www.savannaea.com ].

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.