New America Energy Corp. (OTC: NECA), through its wholly-owned subsidiary Title King, LLC, is pleased to announce that the Company will be launching its new APP, BestTitleDeal, the Company’s mobile app for title borrowers and lenders.
BestTitleDeal was developed as an easy to use tool for consumers who are unfamiliar about the Title Loan process. The mobile app will allow borrowers to find out how much their car is worth, how much they can borrow, and what the interest rate will be. It will also give them options by allowing title lenders to bid on the customer’s loan and in turn drive the cost down for borrowers.
Borrowers who take out title loans usually do so because they do not have access to traditional lending or credit cards and in some cases need the money for an emergency. By creating a competitive process for those loans we believe the interest rates on those loans can be more competitive than in the past. In addition, the Company believes that capturing all the necessary information through the app eliminates any potential subjectivity
The first week of July is the target date for the beta test release and we will invite everyone to download the app. This phase will enable the Company to identify potential issues, prevent escalation of those issues, and accomplish several usability goals prior to product implementations
Jeffrey Canouse, CEO of New America, commented, "Over two million people use Title Loans annually and we believe BestTitleDeal can be the next Fintech application that can give our company an instant national footprint. We plan on updating our shareholders in the coming weeks on the app, how we plan to monetize it and how we think it will impact the value of our Company. More importantly we think it will be a primary force in making the title loan industry better.”
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.
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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.