New Century Companies Enters Agreement With Mitsubishi Heavy Industries America, Machine Tool Distributors

New Century Companies Enters Agreement With Mitsubishi Heavy Industries America,
Machine Tool Distributors 


SANTA FE SPRINGS, Calif., Nov. 11  /PRNewswire-FirstCall/ -- New Century
Companies, Inc. (the "Company")  (BULLETIN BOARD: NCNC)  announced today it has
entered into an agreement with the Machine Tool Distributors that represent
Mitsubishi Heavy Industries America to represent and sell the complete line of
New Century Turning Centers and special machines.

David Duquette CEO stated, "We are excited to have such a quality group of
machinery dealers selling our products with the support of Mitsubishi Heavy
Industries America.  We see great opportunity to penetrate new markets in all 50
states and Canada."  Mr. Duquette further stated, "The 26 Mitsubishi Machine
Tool Dealers with over 100 sales personnel will dramatically increase our sales
presence on a personal level in the market place."

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 is assisting in solving the current power crisis.  By offering
remanufactured Vertical Boring Mills, the Company saves or conserves millions of
dollars per year in energy costs by re-utilizing the major castings of each
Vertical Boring 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 better costs.  New Century machines are also
used by manufacturers of jet engine components, airplane landing gear parts, oil
and gas components, to name a few.  New Century currently manufactures its
machines in state-of-the-art facilities in Santa Fe Springs, CA.  New Century
maintains a website at http://www.newcenturyinc.com/.

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. 

DATASOURCE: New Century Companies, Inc.



CONTACT:  Jens Dalsgaard of Redwood Consultants, [phone], for New

Century Companies, Inc.



Web site:  http://www.newcenturyinc.com/ 

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