Fully Reporting Status Update for New America Energy Corp.
July 23 2014 - 1:17PM
New America Energy Corp. (OTCQB:NECA), an alternative financial
service provider, operating as Title King, announces today that the
Company has obtained all legacy financial books and records from
the previous administration as part of a diligent process to get
all past and current financial reports filed with the Securities
and Exchange Commission (SEC) in its sincere effort to bring the
Company back to fully reporting status.
New America, d.b.a. Title King, has been working on resolving
some legacy issues with the previous management which has delayed
the transfer of all books and records. New America is now pleased
to announce to its valued shareholders' and the investment
community at large that those issues are now resolved and that New
America is in possession of all books and records. The Company is
now working with its own financial experts and auditors to get the
necessary quarterly, annual and interim reports filed with the SEC,
to return the Company to its fully reporting status.
"As the largest shareholder, I too have been frustrated with the
delay in getting the financials filed and the delay in returning to
being a fully reporting company, however, I am very excited that
the books and records are in our possession and we will work
diligently to get the reports filed as quickly as possible in a
responsible manner," said Jeff Canouse, CEO of New America Energy
Corp. "I am thankful that the delay in getting the books and
records has not prevented the Company from pursuing its first Title
King store opening and will update the shareholders and investment
community on our very exciting progress regarding that event
shortly."
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
Email: info@southstreetmedia.com
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