On4 Communications and New America Energy Enter into a Joint Venture Revenue Sharing Agreement
Marketwired MarketwiredSeptember 14, 2017
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.
