SOURCE: New Century Companies, Inc.

March 20, 2007 08:30 ET

New Century Companies, Inc. Reports $3.2 Million in New Machine-Tool Orders

LOS ANGELES, CA -- (MARKET WIRE) -- March 20, 2007 -- New Century Companies, Inc. (OTCBB: NCNC), a leading manufacturer and re-manufacturer of machine tools, today reported that it has received new orders totaling $3.2 million, to be recognized by the end of the second quarter.

The orders are for six computer-numerically-controlled (CNC) vertical turning centers (VTCs) and one large CNC horizontal lathe. The VTCs are being purchased by manufacturers and machine shops in Ohio, Wisconsin, Texas and Connecticut, and will be used to produce components for jet engines, oil and gas pumps and wind-energy systems. The horizontal lathe is being sold to a Southern California aerospace firm to be used in the manufacture of rocket nose cones.

David Duquette, President and CEO of New Century Companies, commented, "This new group of orders shows New Century's wide reach both geographically and across economic sectors. We're seeing continued nationwide demand for our VTCs and other products, and the list of industries we serve is correspondingly broad. The latest orders span both alternative and conventional energy production, defense and civilian aerospace. In recent months we have also sold VTCs to firms in commercial construction, mining, rail transportation and semiconductor manufacturing. This diverse mix of customers positions New Century well for the coming year and beyond in an economy that, while slowing somewhat, still contains sectors of high growth and high demand."

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About New Century Cos.

New Century Companies, Inc. is one of the leading U.S.-based makers of machine tools, primarily vertical boring mills and large lathes such as vertical turning centers (VTCs). It specializes in re-manufacturing, starting with existing major castings and fitting them with state-of-the-art, computer-controlled equipment. These products generally cost 40% to 60% less to make than new ones. New Century passes these savings on to its customers, which include such leading manufacturers as General Electric Co., General Dynamics Corp., Siemens AG and Gardner Denver. New Century machines are used to manufacture jet-engine components, airplane landing gear parts, power generation equipment, oil and gas production components and construction materials, to name just a few applications. New Century's production facility is in Santa Fe Springs, Calif.

Visit New Century's Web site at

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.

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