DALLAS, Aug. 30, 2005 (PRIMEZONE) -- Shailesh Dhuri, CFA, Senior Financial Analyst for TalkingStocks.com, announced today that he issued a profile report for New Century Companies, Inc. (OTCBB:NCNC). Mr. Dhuri reports, "New Century's current strategy is to expand its customer sales base with its present line of machine products. By offering re-manufactured vertical boring mills, the company saves or conserves millions of dollars per year in energy costs by re-utilizing the major castings of each mill. These savings, generally in the range of 40 percent to 60 percent, are passed on to the consumers allowing New Century to be the one of the more price-competitive manufacturers of vertical boring mills in the U.S."
Mr. Dhuri continues, "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 the industry prior to the last downturn. New Century is planning to capitalize on this trend."
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About New Century Companies
New Century Companies, Inc. (OTCBB:NCNC) is one of the leading U.S.-based makers of machine tools, primarily vertical boring mills and large lathes such as vertical turning centers. It also assembles sound-wall modules made from Quilite(r), a lightweight, graffiti-resistant alternative to concrete. In its machine-tool business, the Company 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 percent to 60 percent 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 Goodrich Corp. 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. Quilite(r) is used not only in freeway noise walls, but in other sound absorbing structures, including barriers at sports stadiums and electric transformers. New Century manufactures its machine tools and Quilite(r) modules in Santa Fe Springs, Calif. Visit New Century's website at http://www.newcenturyinc.com.
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