ATLANTA, GA--(NewMediaWire - Dec 8, 2016) - New America Energy
Corp. (OTC PINK: NECA), through its wholly-owned subsidiary
Title King, LLC, proudly announces the third step of The Company's
new three-step investor-confidence program: The Company will
transition into a Holdings Company.
The Company is pleased to make this strategically-timed business
move, since a Holdings Company entity immediately positions NECA to
fully realize current growth endeavors and now burgeoning
opportunities in exciting new sectors. NECA has begun the legal
process to become a Holdings Company simultaneous with The Company
recently naming a Director of Acquisitions.
NECA CEO Jeffrey Canouse elaborated: "I personally believe that
this third step in our investor-confidence program is by far the
most exciting and poignant. After NECA's past several weeks of
corporate developments and now with a Director of Acquisitions
joining our executive management roster, we have determined that
The Company should become a Holdings Company. This action will
better capitalize on the many opportunities The Company is
exploring in emerging sectors. My goal is to begin delivering
acquisitions that immediately reflect a rapid increase in NECA's
top and bottom-line revenues. By making NECA a true Holdings
Company we believe that our ability to utilize our capital
structure resources will give us far more flexibility to consummate
acquisitions."
The Company also provided updates concerning all three stages of
the recently implemented investor-confidence program.
Stage 1: The Company commits to a One Billion shares reduction
and a 90-day standstill agreement with creditors. All paperwork has
been submitted to the Nevada SOS to complete the One Billion share
reduction. Our creditors remain committed to the agreement. Beyond
the 90-day time-period The Company is hopeful to lean on
non-dilutive revolving-credit financing for the majority of funding
needs.
Stage 2: The Company commits to retiring 111,000,000 shares from
the O/S. We have been working with our Transfer Agent to return
these shares back to treasury. Our Transfer Agent remains open and
ungagged and the O/S should soon reflect the retirement.
Additionally, The Company's window to buy back shares on the open
market remains open.
Stage 3: The Company will soon be a legal Holdings Company. The
Company believes this strategic move to become a Holdings Company
complements our existing business model while expanding beyond
it.
Investors can continue to expect regular updates as The Company
is committed to establishing investor-confidence while building
shareholder value.
About New America Energy Corp.
Based in Atlanta, GA, through its title loan subsidiary, Title
King, LLC, provides short-term 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. The Company is also exploring additional business
opportunities including joint-venture partnerships and
acquisitions. www.titlekingloans.com
Apple App Link
https://itunes.apple.com/us/app/best-title-deal/id1171797070?ls=1&mt=8
Google App Link
https://play.google.com/store/apps/details?id=com.besttitledeal.app
Photos of our Title Loan store can be viewed on our Twitter
account at
https://twitter.com/titlekingloans
Photos are also available on the Company Facebook account at
https://www.facebook.com/titlekingloans/?fref=ts
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.