Novea Inc. a cutting edge software company, and the developer of the Jacana Warranty App (www.JacanaWarranty.com), is proud to announce that it has recently been qualified by the SEC for “crowdfunding” under Tier 1 of Regulation A+.
The extended warranty market in the US is a $40 billion dollar industry, where 50% commission is made from the dealer mark-up.
Jacana Warranty App will cut out the middle man allowing the consumer to get the same extended warranty insurance coverage for all manner of electronic based products, including smart phones, computers, and appliances, providing the consumer with a 50% saving that they currently pay, therefore the potential growth of Novea Inc is enormous.
The Jacana Warranty App is available online free for both Apple and Android smart devices via either iTunes or Google Play.
Aiming for quick completion of the listing process on the OTC in Q1 2017, Novea has engaged an auditor, transfer agent, and FINRA member firm.
2016 in Review:
Achieved rights to issue warranty insurance
Developed robust proprietary CRM system September 2016
Jacana Warranty App launched October 2016
Increased our insurance and tech skills with the addition of Jermaine McDonald as Chief Operating Officer. Mr. McDonald brings more than a decade of background in insurance and warranty, particularly in specialty risk encompassing loss control, operational risk, claims management, internal/external audits, and SOx compliance. Mr. McDonald will be responsible for business development. He complements our CEO, Howard Nunn, who has decades of direct experience in building customer service/value.
2017 Business Outlook:
Implement marketing plan for the Jacana Warranty App
Private label the App for Third Party Administrator (TPA) and specialty insurance partners
Expand relationship with electronics manufacturers to provide both embedded insurance and extended warranty options.
About Novea, Inc.
Novea, Inc. a cutting edge software company has developed the Jacana Warranty App (www.Jacana Warranty.com) as the consumer’s choice in the extended warranty market. Novea eliminates the retailer’s position, a $40 billion dollar marketplace where currently 50% of the commission is paid to retailers. With the goal of bypassing the retailer, Novea looks to create a disruption in the current model, passing the savings along to consumers and the profit potential to Novea’s shareholders. With its cutting edge CRM system’s fast and convenient service, Jacana puts the warranty buying power back in the hands of the consumer by taking full control of the entire warranty process. For more information, visit www.noveaincusa.com.
Forward Looking Statements
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this press release. Novea Inc. assumes no obligation to update the information in this press release.