New America Energy Corp (OTCMKTS:NECA) is seeing increased volatility as the market digests the news of its new deal. NECA has executed a Revenue Sharing agreement with On4 Communications to promote and sell their BestTitleDeal app. This deal is seeing some traction with traders on its potential.
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.
New America Energy Corp (OTCMKTS:NECA),through its subsidiary, Title King LLC (Title King), offers short-term loans to consumers not having the credit or ability to obtain traditional bank loans. Title King focuses on offering consumers no credit check lending at various rates to similar businesses. Title King is focused on providing access to cash on property already owned by the consumer. The Company’s short-term loans will provide a pay-back schedule for the borrower and will allow them the opportunity to pay off the loan at any time.
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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.”
The 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.
New America Energy Corp (OTCMKTS:NECA) will probably see a strong week color out on this news. NECA has a $2.74M market cap with 1.98B shares out. We are watching this stock carefully and believe this stock could hold gains throughout the week. Sign-up for continuing coverage on shares of $NECA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $NECA, either long or short, and we have not been compensated for this article.