Grand Opening of New Showroom for Davis Kitchens of Tucson

Rhea-AI Summary

New America Energy Corp. (OTC PINK:NECA) will rebrand to Third Bench. The company announces the opening of a new Davis Kitchens showroom in Tucson, Arizona, expanding its residential cabinetry and countertop services. CEO David Fair emphasizes the growth in the Arizona home builder and remodel market, positioning the showroom as a key player in local retail. Third Bench operates multiple facilities and is projected to exceed $24 million in revenue for 2021, with a strong cash flow. This growth comes amidst plans for further acquisitions.

Positive

• Opening a new showroom in Tucson, Arizona, enhances market presence.
• Projected revenue exceeding $24 million for 2021 indicates strong growth.
• Cash flow positive operations suggest financial stability.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / December 13, 2021 / New America Energy Corp. (OTC PINK:NECA), name to be changed to "Third Bench", an industry leader in Kitchen & Bathroom cabinetry and countertops.

Third Bench is excited to announce the opening of the new Davis Kitchens showroom in Tucson, Arizona. Davis Kitchens is a long-time regional provider of cabinetry and a sister location to our portfolio company Davis Kitchens in Albuquerque, New Mexico. Davis Kitchens is a large provider of residential cabinets and countertops throughout the state of Arizona.

Third Bench, CEO David Fair states, "The Arizona home builder and remodel market is exploding with growth, and we are excited to be in the middle of it! Our new showroom will be a great representation of Davis Kitchens as a staple of the Arizona cabinet industry for retail and home builder customers."

Since 1975, Davis Kitchens has been a leading kitchen cabinet distributor in Arizona for both new construction and remodels. Davis Kitchens provides professional cabinet design and installation for kitchen remodels, bathroom remodels, room additions, and new home construction.

Davis Kitchens takes pride in their sales support staff including their highly competent order department, administration and operations group, customer support representatives, and warehouse and delivery personnel. Every Davis Kitchens employee is encouraged to communicate fully and frequently with customers and with each other to assure timely and accurate completion of every job.

https://www.daviskitchens-az.com/

Showroom: 5355 E Broadway Blvd. Tucson, AZ 85711

About Third Bench Holdings, LLC

THIRD BENCH Holdings is a holding company for five subsidiary companies operating as an architectural millwork and dealers in the cabinetry, kitchen and bath areas. THIRD BENCH, through its subsidiary companies, offers products in several 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. The company provides its products and services through its architectural millwork and retail facilities, currently located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona. Third Bench employs over 160 people and had revenue in excess of $18.8 million in 2020. Third Bench is on a run rate of over $24.0 million for 2021 and is cash flow positive. These projections have been provided by management and do not include the additional acquisitions that are currently under review.

Third Bench Holdings
175 S. Main Street #1410
Salt Lake City, UT 84111
https://thirdbench.com/

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.

NECA Contact:
Investor Relations:
770-235-6053
info@thirdbench.com
https:/twitter.com/necaholdings
https://twitter.com/third_bench

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.

SOURCE: New America Energy Corp.

View source version on accesswire.com:
https://www.accesswire.com/677157/Grand-Opening-of-New-Showroom-for-Davis-Kitchens-of-Tucson

FAQ

What is the significance of NECA changing its name to Third Bench?

The name change to Third Bench aligns with the company's focus on kitchen and bath cabinetry and reinforces its brand identity.

Where is the new Davis Kitchens showroom located?

The new Davis Kitchens showroom is located at 5355 E Broadway Blvd, Tucson, AZ 85711.

What are the revenue projections for Third Bench in 2021?

Third Bench is projected to exceed $24 million in revenue for 2021.

What market does Third Bench operate in?

Third Bench operates in the kitchen and bathroom cabinetry and countertop market in the Western U.S.

Who is the CEO of New America Energy Corp?

The CEO of New America Energy Corp. is David Fair.