(NVAE) Savanna East Africa Posts Webcast Report on New York City Meetings With Kenya's Ministry of Housing
28 Gennaio 2011 - 8:09PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) along
with Greenfield partner Savanna East Africa, Inc. (PINKSHEETS:
NVAE) (OTCQB: NVAE) today released a Webcast reporting on meetings
held in New York City last week 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 Webcast is now available for on-demand review and commenting
at www.savannaea.com.
Separately, NuMobile, Inc. (OTCBB: NUBL), China Crescent
Enterprises, Inc. (OTCBB: CCTR) and Savanna East Africa have
partnered to build a wireless broadband network in Nairobi, Kenya.
The joint project was developed through the NewMarket Technology
Greenfield Partnership Program. The broadband network is intended
to provide a wireless meter reading capability to local utility
companies. After successful completion of the testing phase, the
wireless broadband project is expected to expand throughout
Nairobi, followed by expansion to additional cities and countries
throughout East Africa.
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.
Greenfield Partners today include China Crescent Enterprises,
Inc. (OTCBB: CCTR), NuMobile, Inc. (OTCBB: NUBL), Savanna East
Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) and World Series of
Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF).
Follow the Greenfield Partnership Program on Facebook at:
http://tinyurl.com/greenfieldpp and on Twitter at
http://twitter.com/greenfieldpp.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com) NewMarket Technology is a global small business
incubator. NewMarket's current portfolio of operations provides
systems integration, technology infrastructure services and
emerging technology. NewMarket's operations strategically focus on
providing technology and support services in emerging and
developing economies with high growth rate potential where
technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the
growing economies of China, Southeast Asia, Africa, Brazil and
Northern Latin America. Overall, NewMarket reported over $95
million in revenue for 2008 and reported over $98 million in
profitable revenue for 2009.
NewMarket's operations provide services and support for both
brand-name technologies, such as Microsoft, as well as emerging
technologies ranging from mobile computing to various security and
wireless broadband technologies. NewMarket's rapid growth since
2002 placed the Company on the Deloitte Technology Fast 500 for 5
consecutive years. NewMarket was recognized as the third fastest
growing technology company in the United States in 2006 and the
number one fastest growing technology company in North Texas for
two years in a row.
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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