NEW YORK, NY / ACCESSWIRE / August 25, 2022 / New America Energy Corp. (OTC PINK:NECA), and its operating subsidiary, Third Bench Holdings, LLC ("Third Bench" or the "Company"), is pleased to update the Company's shareholders on the continued economic growth in New Mexico surrounding the film industry.
Last week New Mexico Governor Lujan Grisham announced a state economic development partnership with 828 Studios to build a film studio in Las Cruces. The location is across the street from the current Showroom for the Company's subsidiary, Las Cruces Cabinets, LLC, doing business as Sher-wood Cabinets.
Another of the Company's subsidiaries, Santa Fe Flooring, LLC, doing business as OGB Architectural Millwork has already been doing work for two other studios in New Mexico, NBC Universal and Netflix. The Company is pleased to see the growth in Albuquerque and Las Cruces, two important markets for the Company.
The economic growth in New Mexico confirms the Company's strategy of focusing on the Southwestern United States.
David Fair, CEO of the Company stated, "We are pleased to see that the State of New Mexico is driven to take steps to grow the economy in New Mexico. In particular, the commitment to making New Mexico attractive to the movie and entertainment industries will have a lasting positive impact, bringing a lot of higher-paying jobs and raising the profile of New Mexico overall. We are very bullish on both the short and long term growth prospects for New Mexico."
About Third Bench Holdings, LLC
Third Bench, the operating subsidiary of New America Energy Corp., operates five subsidiary companies operating as architectural millwork and dealers in the cabinetry, kitchen, and bath areas. Third Bench, through its subsidiary companies, offers products in these categories: residential cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. Third Bench also provides installation services as a part of its vertical offering. Third Bench employs over 130 people and had revenue of about $24 million in 2021. These projections have been provided by management and do not include the additional acquisitions that are currently under review.
Third Bench Holdings, LLC
175 S. Main Street #1410
Salt Lake City, UT 84111
https://thirdbench.com/
NECA Contact:
Investor Relations
info@thirdbench.com
https:/twitter.com/necaholdings
Safe Harbor
This release may contain certain forward-looking statements regarding our prospective performance and strategies 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. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation, the risks discussed from time to time in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
SOURCE: New America Energy Corp.
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