New America Energy Enters into Agreement with Auditors, Seeks to Become Fully Reporting

Rhea-AI Summary

New America Energy Corp (OTC PINK: NECA) has signed an Arrangement Letter with B.F. Borgers CPA PC to focus on audits for Fiscal Years 2019 & 2020, as well as the most recent quarter ending May 31, 2020. CEO Jeff Canouse stated that the company has achieved Pink Current status and aims to become fully reporting by completing these audits. The partnership with Borgers is based on a longstanding relationship, which Canouse anticipates will streamline the process. New America Energy seeks strategic acquisitions that are cash-flow positive with hard assets.

Positive

• Achieved Pink Current status, enabling transparency.
• Established a partnership with B.F. Borgers CPA, experienced in previous audits.
• Plans to become fully reporting by completing overdue audits.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / June 18, 2021 / New America Energy Corp (OTC PINK:NECA) today announced the signing of an Arrangement Letter with B.F. Borgers CPA PC out of Colorado. The immediate focus will be on Fiscal Years 2019 & 2020, along with the Company's most recent Quarter ending May 31, 2020.

Jeff Canouse, CEO, commented: "Over the past seven months, the Company has worked hard to get all filings complete, achieved Pink Current status and maintained that status, audited 2013, 2014 & 2015 to correct an old issue, and we are now ready to complete the last two years and file to become fully reporting once again."

Mr. Canouse went on to say: "The great part of this Arrangement with Borgers is that we've been working with them for many years. They completed our 13, 14 and 15 audits - they are familiar with our financials and work very well with my accountants. I expect this process to be smooth and fast. From Stop sign, to Fly sign - I believe great things are upon us."

About New America Energy Corp.
New America Energy Corp. (NECA) is a holding company focused on strategic acquisitions that are opportunistic, cash-flow positive with hard assets.

NOTICE REGARDING FORWARD-LOOKING STATEMENT
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words 'believes,' 'expects,' 'anticipate' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the company to differ materially from those expressed or implied by such forward-looking statements.

CONTACT:
Jeffrey M. Canouse
770-235-6053
jeff@necaholdings.com
jeffcanouse@gmail.com
https:/twitter.com/necaholdings

SOURCE: New America Energy Corp.

View source version on accesswire.com:
https://www.accesswire.com/652229/New-America-Energy-Enters-into-Agreement-with-Auditors-Seeks-to-Become-Fully-Reporting

FAQ

What is New America Energy Corp's latest press release about?

The latest press release discusses New America Energy Corp's signing of an Arrangement Letter with B.F. Borgers CPA to complete audits for 2019 and 2020.

What is the stock symbol for New America Energy Corp?

The stock symbol for New America Energy Corp is NECA.

What does the press release say about NECA's financial filings?

The press release mentions that NECA has completed filings to achieve Pink Current status and is now focused on becoming fully reporting by auditing the last two years.

Who commented on the recent audit arrangement for NECA?

CEO Jeff Canouse commented on the recent Arrangement with B.F. Borgers CPA.

When will the audits for NECA take place?

The audits for New America Energy Corp will focus on Fiscal Years 2019 and 2020, along with the quarter ending May 31, 2020.