SOURCE: New Century Companies Inc

August 12, 2005 13:18 ET

New Century Companies Inc. Retains Investor Relations International for Strategic IR Effort

LOS ANGELES, CA -- (MARKET WIRE) -- August 12, 2005 -- New Century Companies, Inc., (OTC BB: NCNC), a leading manufacturer and re-manufacturer of vertical boring mills and large lathes, today announced that it has retained Investor Relations International (IRI) to lead an expanded shareholder communication program.

As investor relations counsel for New Century Companies, Los Angeles-based IRI will raise investor awareness of the company's performance through print and electronic media as well as direct communication with money managers and current or prospective shareholders. The IRI program, focused on New Century's outlook and execution of its growth strategy, seeks both to broaden the Company's shareholder base and to cement the long-term loyalty of current shareholders.

"We are pleased to have Investor Relations International working with us to raise our profile and make more investors familiar with our substantial growth prospects," said David Duquette, New Century's CEO. "This is a pivotal time for the Company, with the market for machine tools and related products expanding briskly and absorbing the production capacity that was built up in our industry prior to the last downturn. New Century is in a prime position to capitalize on this trend. The time is right to make our activities and outlook known to a much wider range of investors, and IRI, with its proven, results-oriented methods, is just the firm we need for this effort."

About New Century Companies, Inc.

New Century, under its brand name Century Turn, specializes in manufacturing, remanufacturing and retrofitting machine tools, primarily vertical boring mills and large lathes. By offering remanufactured vertical boring mills, the Company saves or conserves millions of dollars per year in energy costs by reutilizing the major castings of each mill. These savings, generally in the range of 40% to 60%, allow New Century to be the most price-competitive manufacturer of vertical boring mills in the U.S. These cost savings are passed on to New Century customers and afford them the opportunity to manufacture rotating turbine components for power generation at lower cost. New Century machines are also used by manufacturers of jet engine components, airplane landing gear parts and oil and gas components, to name a few. New Century currently manufactures its machines in state-of-the-art facilities in Santa Fe Springs, Calif. New Century maintains a website at www.newcenturyinc.com

About Investor Relations International

Investor Relations International (IRI), based in Los Angeles, is a leading investor relations firm serving a worldwide client base. The principals of IRI have developed award-winning investor relations programs for a number of NYSE and Nasdaq-listed companies such as Insmed Inc., Internet Capital Group, LJ International, Starwood Hotels & Resorts Worldwide, ValueVision International and others, and have assisted dozens of public companies ranging from emerging small-cap companies to multinational corporations with market capitalizations in excess of $15 billion. IRI designs and implements customized investor relations programs to meet each client's unique needs. It enjoys one of the highest client retention rates in the industry.

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
    CEO
    562-906-8455