SOURCE: New Century Companies, Inc.

January 07, 2010 08:30 ET

"Happy New Year!" to New Century Companies, Inc. Shareholders

LOS ANGELES, CA--(Marketwire - January 7, 2010) - New Century Companies, Inc. (OTCBB: NCNC) welcomes the New Year 2010. "Hello! It's David Duquette, CEO of New Century Companies. I would like to wish all our shareholders, vendors, customers, and Centrecourt Asset Management a very happy, healthy, and prosperous New Year. I would also like to share our vision for 2010 business and related items.

--  As previously reported, New Century Companies will return to
    profitability in 2010.
--  Our plans are to continue our roll-up strategy of purchasing
    additional aero-structure companies both in the United States and in China.
--  Our acquisitions will maximize shareholder value and minimize
    shareholder dilutions.

We wish to thank our customer base for their past, present, and future support.

Boeing Aircraft -- We thank you for your business and congratulate you on your successful '787 Dreamliner' program and flights.

Sykorsky Aircraft -- Thanks for your continued business and your support of our troops in Iraq and Afghanistan.

General Electric -- Thank you for your 'Wind Turbine' program, your business, and your contribution to reduce global warming.

To Our Many Customers -- We thank you and look forward to a prosperous New Year together."

About New Century Companies, Inc.

New Century Companies, Inc. is a supplier of structural aircraft components and assemblies, as well as a leading re-manufacturer of machine tools. New Century, through its wholly owned subsidiary Precision Aerostructures, specializes in engineering and manufacturing precision details for the aerospace industry that perform reliably in harsh conditions, including high and low temperatures, severe shock and vibration. New Century also is a leading domestic manufacturer of machine tools, primarily vertical boring mills and large lathes such as Vertical Turning Centers (VTC). Precision serves major aircraft builders such as General Electric, Boeing L3 Communications and Eclipse Aerospace. The Company has production facilities in Rancho Cucamonga, CA and Santa Fe Springs, CA.

For more information please visit: New Century's website at or Precision's website at

Safe Harbor

Forward-looking statement: Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions and other risks detailed from time to time in the Company's ongoing quarterly filings, annual information form, and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.

Contact Information

  • Contact:
    David Duquette
    New Century
    Phone: 562-906-8455