SOURCE: New America Energy Corp.

New America Energy Corp.

December 08, 2016 08:30 ET

New America Energy Corp. (OTC: NECA) Announces Transition into A Holdings Company

ATLANTA, GA--(Marketwired - 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.

Contact Information