New America Energy Corp (NECA)

New America Energy Corp was formerly known as Atheron, Inc. was incorporated in Nevada on May 8, 2006. It is in the business of developing a technology for ethanol-methanol gasoline which is prepared from light oil, naphtha, straight-run gasoline and key additives. The company's mixed gasoline formula is not yet completed and it requires further research and development before it is ready for commercial use. The company believes its mixed gasoline formula offer a number of advantages over existing gasoline products which provide better miscibility than traditional gasoline. Miscibility refers to the property of various substances, liquids in particular, to be mixed together and form a homogenous material. The greater the miscibility in gasoline, the cleaner it will burn, resulting in better overall engine performance and cleaner pistons, rings, plugs and exhaust ports. A main ingredient in gasoline is ethanol, which evaporates easily. An excessive amount of unburned evaporated fuel tends to result in higher quantities of smog in the atmosphere. Its formula is designed to prevent an excessive amount of evaporation. The company also believes that its product will prevent premature detonation, or 'knocking,' in the engine. Lead was previously used as an effective anti-knocking agent by increasing the fuel's octane rating. The company's formula uses anti-knocking additives that similarly increase the octane rating for greater efficiency and power. It is expected to have higher stability.