By GlobeNewswire, October 24, 2013, 12:28:00 PM EDT
ALPHARETTA, Ga., Oct. 24, 2013 (GLOBE NEWSWIRE) -- New America Energy Corp. (OTCQB:NECA), announces the acquisition of a title loan company as new core operations for the company.
Title Loan Operations, Revenue Potential
Currently Reviewing Store Locations
Low Start-Up Costs per Store
Acquisition of Stores for Rapid Growth, Franchising
Website to Start Taking Loan Applications Online
130 Million Shares Outstanding
Market Cap under $300,000
Jeff Canouse, the CEO of New America Energy Corp. conducted an online interview to discuss plans for their recently acquired Title King, LLC, which will provide short-term high interest loans to consumers through the collateral use of car and truck titles. As highlighted in the interview, the Company is aggressively seeking out its first store front operations, and will take loan applications online from its website in the very near future to begin offering out title loans to consumers.
As of October 24, 2013, the Company had approximately 130 million common shares issued and outstanding post-acquisition, thus giving the stock a market cap valuation of roughly $300,000.
To listen to the interview online please visit http://www.wallstreetnewscast.com/profile/neca.html
About New America Energy Corp.
Based in Alpharetta 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. www.titlekingloans.com
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.
CONTACT: Melissa Diaz,
South Street Media, Inc
Phone: (917) 937-8968
Source: New America Energy Corp.