New America Energy Corp (OTCMKTS:NECA) last released its revenue estimates in June 2016, through its subsidiary Title King, LLC. It updated on the monetization of the firm’s recently reported Fintech application, ‘BestTitleDeal’.
The highlights
As per the Pew Research over 2 million individuals utilize Title loans yearly. The firm considers it is placing itself as the eSurance or LendingTree of Title Pawn. New America has conservatively predicted that each lead generated via the firm’s app is worth $100 at a minimum. If the firm is successful in getting just 10% of the users, it considers it can generate up to $20 million in revenue annually.
Jeffrey Canouse, the CEO, said that while these figures project a value that surpasses the firm’s existing market capitalization they believe them to be extremely conservative. They know that title loan firms will provide up to $100 for any recommendation made to them. The quality and data of a lead or referral they will be able to offer will be of much greater value to a title lender. Additionally, there exists other providers to pay for that data as well. As they launch the app and further advance its features they will be able to offer precise valuation and demonstrate the same as shown in projected revenues.
The CEO continued that they are completely committed to this firm and its success. He has personally retired more than 63 million shares and have let off over $600,000 in accrued salary. He considers that Title Pawn is a farfetched commerce in and of itself, but the app takes the firm to a whole different level by enabling them to record revenue without risk and partake in areas geographically where they have to still venture.
New America will attempt to offer as much data about the value proposition of Fintech app as possible in upcoming launches along with updates on the launch and advancement of the technology for its shareholders.
THE MORNING REPORT
Start your workday the right way with the news that matters most.
Your information is 100% secure with us and will never be shared Disclaimer & Privacy Policy
