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New Century Forecast Strong 4th Quarter Sales
Tax Incentive seen as Driving Force in $550,000 of New Business
SANTA FE SPRINGS, Calif., Oct. 28 /PRNewswire-FirstCall/ -- New Century
Companies, Inc. (the "Company") (BULLETIN BOARD: NCNC) today announced it had
received additional orders totally $550,000 for Vertical Turning Center. These
significant new orders come as a result of companies taking advantage of the
special tax breaks available for 2003 and ending December 2004.
David Duquette CEO stated, "We have been quoting new business at unprecedented
levels for this time of year. In the month of October alone we have sent out
over $5,000,000 in quotations which I am confident will generate strong fourth
quarter sales."
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
use 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.newcentury.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, +1-415-884-0348, for New
Century Companies, Inc.
Web site: http://www.newcentury.com/