(NVAE) Savanna East Africa Explores Expansion Into Ethiopia
* Reuters is not responsible for the content in this press release.
DALLAS, TX, Jun 07 (MARKET WIRE) --
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) recently
announced a senior management and key stakeholders meeting scheduled for
the week of June 13th in Nairobi, Kenya intended to finalize a number of
strategic next steps. Today, the Company announced that it plans to
explore widening its business development into Ethiopia and has scheduled
an additional stakeholder meeting in Addis Ababa next week. Addis Ababa
is the capital of Ethiopia, with over three million people, and the
headquarters of the African Union and United Nations Economic Commission
for Africa.
Next week's agenda will also include finalizing plans for a Trade Mission
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.
Savanna East Africa is concentrating on developing high growth potential
capacities within the housing, healthcare and high tech sectors in East
Africa. Recently, an on-demand Webcast presentation hosted by CEO Randell
Torno was posted on the Company's website www.savannaea.com. The Webcast
presentation reviews Savanna East Africa's progress toward adding
housing, healthcare and high tech capacity in East Africa and discusses
the return on investment potential of the Company's small and medium
enterprise (SME) sector strategy.
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.
Contact:
Savanna East Africa, Inc.
info@savannaea.com
214-722-3044
Copyright 2011, Market Wire, All rights reserved.
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