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$NECA: Softer US Economy Bullish for Title Loan Business
By: staff reporter, John Bodger
Last Updated: January 14, 2016 5:35 AM EST

(NEW YORK)--New America Energy Corp. (OTC: NECA), through its wholly-owned operating subsidiary Title King, LLC, which provides short-term high interest loans to consumers, announces plans to begin taking title loan applications online.

As stocks continue to fall, and the US economy softens, one play that may benefit is NECA as more individuals seek out short-term emergency funding through possible title loans.

An Auto Title Loan is a loan in which an individual’s car can be used as collateral to secure the loan at more agreeable repayment terms for those with poor or no credit history, or simply needing to secure a loan quickly.

As US economy softens the demand for loans for Title King from people with poor credit, and in need for quick cash, positions the Company well for the start of 2016.

Growth Among Millennials

More than 40% of millennials used a payday loan, pawnshop, tax refund advance or other alternative financial product in the past five years, according to a survey of more than 5,000 millennials released by tax and consulting firm PricewaterhouseCoopers and the Global Financial Literacy Excellence Center at George Washington University.

Based on increasing demand for short-term loans emergency loans among millennials, NECA title loan business may offer a counter trend trade for lower stock market and softer US economy.
As of January 2015, the Company had approximately 680 million common shares issued and outstanding, and was recently issued a 'speculative' price target of $0.006 per share.

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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