NECA Begins Title Loan Operations, Acquisitions Pending Last Updated: Dec. 30, 2015
(NEW YORK)--New America Energy Corp. (OTC: NECA) , through its wholly-owned operating subsidiary Title King, LLC, offers real upside price potential based on their low share structure, and the start of their title loan operations.
Rarely does an opportunity for a low priced micro-cap play offer real upside potential based on launch of operations, and more importantly a low share structure, and minimum to no dilution.
NECA offers that opportunity with just 680 million shares outstanding, and a market cap just below $400,000.
Title King, LLC, which is owned by NECA, is developing a franchise of stores to provide short term title loans to individual consumers, and new that the Company has now begun issuing such loans, means they are now generating cash flow for the company.
Secured High Rate Loans
A title loan is a quick and convenient way for individuals who own their car or motorcycle to get cash through short term loans. Getting a title loan, or title pawn, is simple as long as the owner owns the car or motorcycle, and is lien-free, an individual can use it as collateral to get the cash for whatever short term needs they may have. Some rates on these loans can range in the area of 12% to even 35% per month, which offers a high rate of return for NECA loans issued, and secured by collateral.
Non-Equity Line of Credit
Another key aspect to consider is the prospect of NECA securing a non-equity line of credit with a bank. This means NECA would have the funds to loan out more money, but more importantly would not have to dilute their stock to raise such capital as this line from bank would be secured by the collateral issued up during the title loan process. That could be a major catalyst to send NECA running well above $0.005 per share, or $3 million market cap, which is still very conservative.
With only 680 million shares issued and outstanding, low market capitalization and public float, NECA offers real upside potential now that the Company has embarked on operations and may be generating monthly cash flow under loans issued under Title King, LLC.
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
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