NEW YORK, NY / ACCESSWIRE / September 27, 2022 / New America Energy Corp. (OTC PINK: NECA) and its operating subsidiary, Third Bench Holdings, LLC (“Third Bank” or the “Company”), are pleased to report According to the Woodworking Network, US cabinet sales were up 19.7% in July compared to 2021 figures.
The increase in sales was across all segments, including custom, semi-custom and stock sales.
Sales increases were especially strong for in-stock sales, up 18.4% year-to-date in 2022, compared to the same period in 2021. The Company currently generates the majority of its retail revenues through sales in stock and semi-customized.
According to the company’s CEO, David Fair, “These figures confirm what we have been seeing internally. Demand continues to be very strong in our markets. It is good to see continued growth in our industry, despite the supply chain and other problems that were present for much of the recent period.”
Third Bench, a subsidiary of New America Energy Corp., operates five subsidiary companies that operate as architectural millwork and distributors in the areas of cabinets, kitchens and baths. Third Bench, through its subsidiary companies, offers products in these categories: residential cabinetry and countertops and commercial millwork throughout the western US to customers from California to Texas. Third Bench also provides installation services as part of its vertical offering. Third Bench employs more than 130 people and had revenue of about $24 million in 2021. These projections were provided by management and do not include additional acquisitions currently under review.
Third Bench Holdings, LLC175 S. Main Street #1410 Salt Lake City, UT 84111https://thirdbench.com/
NECA Contact:Investor Relations[email protected]https:/twitter.com/necaholdings
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SOURCE: New America Energy Corp.
