Third Bench Consolidates Operations and Reduces Expenses

New America Energy Corp., and its operating subsidiary, Third Bench Holdings, LLC (“Third Bench” or the “Company”), is pleased to announce increased efficiency and consolidation at the Company’s Las Cruces Cabinets subsidiary (“LCC”) subsidiary in Las Cruces, New Mexico.

LCC focuses on residential projects, focusing on selling and installing kitchen and bath cabinets in Southern New Mexico and El Paso, Texas. LCC has historically been focused on delivering a turnkey solution for builders and remodelers in the region.

LCC has recently consolidated the Showroom and the Warehouse into one location. Previously the two were housed in separate buildings. According to David Fair, CEO of the Company, “It was becoming increasingly apparent that we could operate much more efficiently with everyone under one roof. We are very excited about the increased synergies of having our entire Las Cruces team in the same location every day, sharing ideas, and growing the business.”

This consolidation should result in total savings of at least $300,000 per year.

As Southern New Mexico continues to grow and the economy remains very robust, LCC is positioned to grow along with the region, as well as being poised to capture additional market share with an increased focus on the builder and professional remodeler network in the area.

About Third Bench Holdings, LLC

Third Bench, 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.

Source: New America Energy Corp.