(NVAE) Savanna East Africa, Inc. Announces Acquisition in Kenya
(NVAE) Savanna East Africa, Inc. Announces the Acquisition of Palm Health Care Ltd. A condom manufacturer in Nairobi Kenya poised for Extreme Growth.
New York, NY, March 10, 2011 --(PR.com)-- Savanna East Africa, Inc. today announces the acquisition of Palm healthcare Ltd, the second of three planned acquisitions pending. Savanna is a fully-reporting Company with audited financial statements. Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. The acquisition today marks the second acquisition after months of preparation. Management anticipates rapidly executing an additional acquisition. The three acquisitions are expected to substantially contribute to Savanna's $10 million in revenue anticipated in 2011.
The acquisition announced today establishes an operating platform for Savanna in East Africa. The Company has worked closely over the past year with New Market Technology, Inc. as part of the New Market Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company Palm health care Ltd is a condom manufacturer poised for rapid growth in the condom manufacturing business. Palm healthcare will expand Savanna's operations in Kenya. Savanna East Africa has acquired a majority interest in Palm healthcare Ltd.
In addition to the pending acquisition, Savanna has been organically developing technology and construction operations. The Company has engaged technology projects in East Africa in partnership with other New Market Greenfield Partners.
About Savanna East Africa, Inc.
Savanna East Africa, Inc. (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 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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The acquisition announced today establishes an operating platform for Savanna in East Africa. The Company has worked closely over the past year with New Market Technology, Inc. as part of the New Market Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company Palm health care Ltd is a condom manufacturer poised for rapid growth in the condom manufacturing business. Palm healthcare will expand Savanna's operations in Kenya. Savanna East Africa has acquired a majority interest in Palm healthcare Ltd.
In addition to the pending acquisition, Savanna has been organically developing technology and construction operations. The Company has engaged technology projects in East Africa in partnership with other New Market Greenfield Partners.
About Savanna East Africa, Inc.
Savanna East Africa, Inc. (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 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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Johnathan Norville
214-722-3044
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