(NWMT) NewMarket Technology and (NVAE) Savanna East Africa to Review Next Steps With Kenya Ministry of Housing for Prospective 2
March 03 2011 - 10:32AM
Marketwired
NewMarket Technology, Inc. (OTCQB: NWMT) and Savanna East Africa,
Inc. (OTCQB: NVAE), a Greenfield partner, today announced plans to
review next steps with the Kenya Ministry of Housing for a
prospective 200 unit public housing project in a Webcast next week.
NewMarket, Savanna and the Ministry of Housing plan to meet later
this month to develop a financial plan for the prospective project.
Earlier this year, the Companies hosted meetings in New York City
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 and
Savanna East Africa are partnering in Kenya in an effort to
contribute to and accelerate the Ministry of Housing's slum upgrade
project.
Separately, Savanna East Africa, NuMobile, Inc. (OTCQB: NUBL)
and China Crescent Enterprises, Inc. (OTCQB: CCTR) 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.
Furthermore, plans were recently announced to expand the scope of
the initial project pilot to additional cities based on recent
client meetings.
A link to the Webcast will be made available on NewMarket's
corporate website, www.newmarkettechnology.com, upon release.
About NewMarket Greenfield Partnership
Program NewMarket (PINKSHEETS: NWMT) 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. (PINKSHEETS: CCTR), NuMobile, Inc. (PINKSHEETS: NUBL), Savanna
East Africa, Inc. (PINKSHEETS: 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 Savanna East Africa, Inc. (www.savannaea.com) Savanna East Africa, Inc. 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.'
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, 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.
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Contact: NewMarket Technology, Inc. Investor Relations
214-722-3065 Email Contact
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