ATLANTA, GA--(NewMediaWire - Nov 16, 2016) - New America
Energy Corp. (OTC
PINK: NECA), through its wholly-owned subsidiary Title King,
LLC, proudly initiates the second step of the new three-step
investor program by announcing a Share Repurchase Program and the
retirement of 111 million shares of common NECA stock.
The Company is currently working with the NECA Transfer Agent
and our legal team to retire the 111 million shares from the public
float and return the stock back to NECA Company Treasury. The
Company believes that completing this action adds immediate
shareholder value as corporate valuations are performed with a
smaller Outstanding Shares figure.
Regarding the Share Repurchase Program, all future purchases may
be made in the open market, structured repurchase programs, or in
privately negotiated transactions, subject to availability. The
share repurchase program does not obligate NECA to acquire any
amount of common stock, and the program may be suspended or
discontinued at any time.
NECA CEO Jeffrey Canouse stated: "In NECA's last PR The Company
announced that 'aggressive endeavors are underway' to ensure
minimal or even no issuances are necessary after the 90-day period
is over. The most immediate of these endeavors is a revolving,
non-dilutive Line Of Credit (LOC) that The Company is on the brink
of securing. The Board and I believe strongly that it is this LOC
that will enable our disruptive business model while beginning the
Share Repurchase Program in earnest. We simply do not believe our
current stock price reflects the value of our business today and
feel that the combination of our financial position, market
expertise, and strategic investments will allow us to create
greater shareholder value in the quarters ahead."
The Company is excited to announce our third step in our new
Investor Program shortly.
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. The Company is also exploring additional
business opportunities including joint-venture partnerships and
acquisitions. www.titlekingloans.com
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.