Atlanta,June 23, 2016(GLOBE NEWSWIRE) --
New America Energy Corp. (OTC: NECA), through its wholly-owned subsidiary Title King, LLC, is pleased to provide an update on the monetization of the Company’s recently announced Fintech application, BestTitleDeal.
According to Pew Research over Two Million (2,000,000) individuals use Title loans annually. The Company believes it is positioning itself as the LendingTree or eSurance of Title Pawn. The Company has conservatively estimated that each lead generated through the Company’s app is worth One Hundred dollars ($100.00) at a minimum. If the Company is successful in capturing only Ten percent (10%) of the users it believes they can generate up to Twenty Million dollars ($20,000,000) in revenue annually.
Jeffrey Canouse, CEO of New America, commented, " While these numbers project a value that far exceeds the Company’s current market cap we believe they are very conservative. We know that title loan companies will offer up to $100.00 for any referral made to them. The information and quality of a referral or lead we will be able to provide will be of much higher value to a title lender. In addition, there are other service providers who will pay for that information as well. As we introduce the app and further develop its features we will be able to provide a more accurate valuation as well as demonstrate the same as reflected in anticipated revenues.”
Mr. Canouse continued, “I am fully committed to this Company and its success. I have personally retired over Sixty Three Million shares and have forgiven over Six Hundred Thousand Dollars in accrued salary. I truly believe that Title Pawn is an incredible business in and of itself, but our app takes the Company to a whole different level by allowing us to capture revenue without risk and participate in areas geographically where we are not currently.
The Company will attempt to provide as much information about the value proposition of its Fintech app as possible in future releases along with updates on the development and rollout of the technology for its investors to help them better understand the company’s strategy for growth and building shareholder value.
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NECA to Conduct Interview to Provide Investor Update on Fintech Expansion
Last Updated: June 21, 2016
(NEW YORK)--New America Energy Corp. (OTC: NECA), a provider of short-term high interest loans to consumers, with a "speculative" valuation target of $0.006 per share.
Jeffery Canouse, the CEO of New America Energy Corp. is expected to conduct an audio interview to provide shareholders an update, and discuss potential Fintech and title loan expansion on national level.
To receive updates on the pending interview or to request an investor packet directly from the company please register online to NECA investor mailing list to get updateshttp://www.wallstreetnewscast.com/request/neca.html
About New America Energy Corp
Based in Atlanta GA, through its title loan subsidiary, Title King, LLC, provides short-term high interest loans to consumers through the collateral use of car and truck titles. The Company operates in the alternative financial services industry, providing automobile title loans to consumers who own their vehicle free and clear and need convenient and simple access to funds. Other products offered in this industry include other forms of consumer loans, check cashing, money orders and money transfers. Consumers who use alternative financial services are often referred to as "underserved" or "underbanked" by banks and other traditional financial institutions. With store operations expected to expand throughout the South East, Title King expects to provide short-term loans to a wider reach of consumers.
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of New America Energy Corp. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
Source:New America Energy Corp.