The Company recently submitted its BestTitleDeal app to Google Play in August, and is going live on Apples app store currently.
BestTitleDeal is an industry disruptive FinTech application that management believes could revolutionize the Title Pawn business by providing a competitive bidding process that will help ensure each consumer will receive the most cash for their vehicle and at the best rates available.
In addition to driving customers to its flagship brick and mortar store, BestTitleDeal will also act as a huge revenue source as Title King will focus on generating leads nationwide and once captured, sell those leads to other lenders across the country at a price ranging from $50.00 to $100.00 per lead.
Jeff Canouse, CEO, commented, “This is a game changer, not only for Title King but also the industry. According to Pew Research, roughly Two Million (2,000,000) individuals use Title Pawns each year, if we only capture 5% of those customers and sell those leads at the low range, you’re looking at Five Million Dollars ($5,000,000.00) in revenue just on a conservative basis. We have already had tremendous interest from one of the largest Title Pawn companies in the country wishing to use our App. I look forward to announcing our live App in the near future and will invite all our shareholders to download it and share their feedback.
Authorized Share Reduction
On Nov. 14, 2016, the Company announced the reduction of 1 Billion Authorized Shares.
This reduction will lower NECA’s A/S from 3.9B to 2.9B in line with The Company’s goal of creating more favorable share structure conditions ahead of new material developments.
Fully Reporting Status
In addition, the Company stated it has been working diligently with their accountants in order to get the Fourth Quarter of 2016 financials finalized. Once completed, the Company intends to submit number to its Auditor, and hopes to have fully audited numbers within the next month or so.
With referral revenues from its title loan app, along with its title pawn stores projecting $5 million in revenues per year, a speculative market cap of $6 million would not be out of the questions. With less then 2 billion outstanding, and now reduction in shares authorized, a price of $0.003 would equate to a market cap of only $6 million, and provides further upside from current price levels.
A copy of the report can be found at www.ludlowresearch.com
Title King is publicly traded on the Over the Counter market under the ticker symbol “NECA”.
About Title King
New America Energy Corp. (OTC:NECA), through its wholly-owned 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. The Company is also exploring additional business opportunities including joint-venture partnerships and acquisitions. www.titlekingloans.com
About Ludlow Research
Ludlow Research is a New York based equity research firm that focuses on providing research coverage and investor awareness services to emerging small-cap companies. For over 14 years we have worked to provide our readers with a simple way of evaluating the current and potential value of small-cap companies, while garnering these clients greater market awareness to new investors. For more information please visit www.ludlowresearch.com
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