SOURCE: New American Energy Corp

August 05, 2014 14:23 ET

First Store Update for New America Energy Corp.

ATLANTA, GA--(Marketwired - Aug 5, 2014) -  New America Energy Corp. (PINKSHEETS: NECA), an alternative financial service provider, operating as Title King, is pleased to announce today, an update on the status of the first Title King "brick and mortar" location.

New America, d.b.a. Title King, has been working diligently for the past few months on opening its first Title King store-front in Atlanta, Georgia. New America is pleased to announce to its valued shareholders and the investment community at large that the build-out and phone system installation are now complete and expects to open the doors for business in the very near future. The first store front is only waiting for its building and marquee signage, which has been submitted for permitting. Title King Employees will take the next few days to train on certain turn-key software for Title Lending.

"I am very pleased that all the planning and hard work that has gone into opening our first store is finally coming to fruition," said Jeff Canouse, CEO of New America Energy Corp. "I believe the road presence and heavy auto and foot traffic passing by the store will lead to a successful location as we head into the high season for the alternative financial services industry. After we launch the first store, we will begin scouting our next location as well."


Based in Alpharetta GA, New America, through its wholly owned 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.

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