(NVAE) Savanna East Africa, (NWMT) NewMarket and Sichenzia Ross Friedman Ference Make Headlines in Africa With Capital Formation
03 Novembre 2010 - 2:23PM
Marketwired
Savanna East Africa, Inc.'s (PINKSHEETS: NVAE) (OTCQB: NVAE)
successful Trade Mission in Nairobi last week garnered attention
from multiple media outlets including the print edition of Business
Daily Africa (www.businessdailyafrica.com). Savanna, a NewMarket
Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield
Partnership Program participant company, hosted the Trade Mission
which was aimed at providing entrepreneurs with an introduction to
capital markets and early and development stage best practices in
high growth markets. Sichenzia Ross Friedman Ference LLP (SRFF)
(www.srff.com) also presented, providing insight into the process
and legalities of listing on the U.S. capital markets. SRFF was
ranked the number one most active issuer counsel in the U.S. PIPE
(private investments in public equity) market for the first two
quarters of 2010 by both Sagient Research Systems and DealFlow
Media, Inc.
In addition to the educational seminars, approximately 200
entrepreneurs attended the conference with several entrepreneurs
pre-qualified by the Kenya ICT Board (www.ict.go.ke) presenting
their business plans to the Trade Mission team. Kenya ICT Board is
focused on promoting Kenya as an ICT destination while increasing
the country's skilled labor pool and socio-economic enrichment of
Kenyan society.
The United Nations International Strategy for Disaster Reduction
(UNISDR) (www.unisdr.org) also joined the Greenfield program and
the Small Equity Initiative in Nairobi last week to launch the
Private Sector Disaster Risk Reduction Pilot Program. The pilot
program is intended to urge private sector innovation and
investment aimed at reducing disaster risk. To learn more about the
Private Sector Disaster Risk Reduction Pilot Program, please visit:
http://tinyurl.com/24o2jbb.
Greenfield partners China Crescent Enterprises, Inc. (OTCBB:
CCTR) and NuMobile, Inc. (OTCBB: NUBL) also joined the trade
mission delegation. China Crescent and NuMobile are also
participants in the Greenfield Partnership Program and the partner
companies are working together on a number of projects in East
Africa. NuMobile incoming CEO David Lee was in Nairobi last week to
finalize acquisition plans of a mobile wallet operation while
participating in the Trade Mission.
Greenfield Program
NewMarket's 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.
NewMarket recently released a Greenfield Partnership Program
Webcast reviewing the Company's operational and financial benefits
since founding the program last year. The Webcast also reviews
Greenfield program participant companies, the Trade Mission to East
Africa and the recently announced pilot program for the UNISDR. The
Webcast also discusses the current state of small business capital
formation in the U.S. and globally, the mission of the Greenfield
program and the tentative Trade Mission program for 2011.
The Webcast is currently available for review at
www.newmarkettechnology.com on the Investor Relations page titled
'NewMarket Technology Greenfield Program Webcast: United Nations
Benchmark.'
Savanna East Africa Information and Email
Newsletter
To learn more about Savanna East Africa and to sign up for
company email alerts, please visit the corporate website at
www.savannaea.com.
About Sichenzia Ross Friedman Ference
LLP
Sichenzia Ross Friedman Ference LLP provides experienced
professional representation in all matters involving the securities
industry as well as general corporate and litigation matters. The
Firm's areas of expertise include corporate and commercial
transactions, securities litigation, arbitration, administrative
practice before regulatory agencies, mergers and acquisitions and
broker-dealer regulation. The Firm also has a nationally ranked
PIPEs practice, which has been ranked number #1 as the most active
PIPE issuer law firm from 2004 through the present, and also has
specialized Asian and Israeli practice groups. For more information
about the firm, visit www.srff.com.
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.
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Contact: Savanna East Africa, Inc. Email Contact
214-722-3044
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