New America Energy Corp. (OTC Pink: NECA), through its wholly-owned subsidiary Title King, LLC, provides short-term high interest loans to consumers who put up the title of their vehicle as collateral. In addition, the company serves “underbanked” and “underserved” consumers through money orders, transfers, and check-cashing. Shares of the short-term finance company are up 40% through afternoon trading on Thursday, September 14, 2017. Over the past month, New America Energy Corp. has seen average daily volume of 24.16 million shares. However, volume of 735.23 million shares or dollar volume of $514,661, has already exchanged hands through afternoon trading today.
Shares of New America Energy Corp. are climbing today, after the company announced it has entered into a joint venture revenue sharing agreement with On4 Communications, Inc. (OTC Pink: ONCI). Under the terms of the deal, On4 Communications, Inc. will promote and sell New America Energy Corp.’s BestTitleDeal (BTD) app. In exchange, New America Energy Corp. will share 50% of all revenue generated in the BTD app with On4 Communications. The agreement remains in effect until December 31, 2018 and will automatically renew in five-year increments. Here is the full press release detailing of the joint venture:
New America Energy Corp. Press Release:
ATLANTA, GA–(Marketwired – Sep 14, 2017) – Title King, through its parent Company, New America Energy Corp. (OTC PINK: NECA), announces that the Company has executed a Revenue Sharing agreement with On4 Communications (OTC PINK: ONCI) to promote and sell their BestTitleDeal (BTD) app.
The Revenue Sharing agreement is effective as of September 13, 2017 and shall remain in effect until December 31, 2018. Thereafter, the agreement shall automatically renew in Five-Year (5) increments. NECA shall share with ONCI Fifty-percent (50%) of all revenues derived and received from the sale of the BTD app through ONCI’s relationships and agreements.
ONCI has established significant relationships with over 1,000 dealerships throughout the country. ONCI and NECA plan to utilize a joint packaging of products available for sale to these dealerships and their customers.
Jeff Canouse, CEO, commented: “This is a very exciting partnership with ONCI. After meeting with Mr. Berman in New York, I knew his passion, success and his relationships in the auto industry would be an amazing opportunity for BestTitleDeal to have immediate success and monetization.”
Steve Berman, ONCI CEO, commented: “We are also pleased to announce a JV with Title King a division of New America Energy Corp. Through this JV we will be able to create additional revenue in the very profitable Micro lending business. Our niche in this industry will be the ability to bring Lenders, Customers, and Dealers together in one very simple application. By using our current ad platform on Google, Facebook, and other social media we can deliver leads to title companies. This App is free and makes money by delivering leads to title companies. On 4 will receive 50% of the leads it generates or $12.50 per lead. Based on our current ad platform statistics we can deliver over 1,000 leads per week generating $12,500 per week for a total of $600,000 a year to start.”
BestTitleDeal App: BestTitleDeal was developed as an easy to use tool for consumers to find out how much their car is worth, how much they can borrow, and what the interest rate will be. We now believe the app will have a much broader appeal to all auto buying consumers that want real-time and accurate valuations of their future purchases or selling points.
About On4 Communications
On4 is a holdings company with an aggressive focus on acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion-dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing a global creator and distributor of mobile Apps for Android and iPhones. We are also targeting businesses to acquire and a joint venture with in the medical marijuana and emerging MJ ancillary products space.
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. 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
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.
