ALPHARETTA, Ga., July 23, 2014 (GLOBE NEWSWIRE) -- New America Energy Corp. (OTCQB:NECA), an alternative financial service provider, operating as Title King, announces today that the Company has obtained all legacy financial books and records from the previous administration as part of a diligent process to get all past and current financial reports filed with the Securities and Exchange Commission (SEC) in its sincere effort to bring the Company back to fully reporting status.
New America, d.b.a. Title King, has been working on resolving some legacy issues with the previous management which has delayed the transfer of all books and records. New America is now pleased to announce to its valued shareholders' and the investment community at large that those issues are now resolved and that New America is in possession of all books and records. The Company is now working with its own financial experts and auditors to get the necessary quarterly, annual and interim reports filed with the SEC, to return the Company to its fully reporting status.
"As the largest shareholder, I too have been frustrated with the delay in getting the financials filed and the delay in returning to being a fully reporting company, however, I am very excited that the books and records are in our possession and we will work diligently to get the reports filed as quickly as possible in a responsible manner," said Jeff Canouse, CEO of New America Energy Corp. "I am thankful that the delay in getting the books and records has not prevented the Company from pursuing its first Title King store opening and will update the shareholders and investment community on our very exciting progress regarding that event shortly."
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
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.