LOS ANGELES, CA, Nov 06 (MARKET WIRE) --
New Century Companies, Inc. (OTCBB: NCNC) announced today that Russell
Armstrong (Crescent Financial Advisors) is in China on behalf of New
Century Companies, Inc. Mr. Armstrong was invited to China by a large
Chinese Fund Group to tour several China facilities with an eye towards
strategic opportunities that fit with New Century.
David Duquette, CEO, New Century Companies, Inc., stated, "We are
cautiously optimistic about this trip and feel this could be a very
exciting possibility for our shareholders. The opportunities that exist in
China are enormous for New Century." He further stated, "As in any
discussions there can be no assurance that a deal will be consummated."
About New Century Companies, Inc.
New Century Companies, Inc. is a supplier of structural aircraft
components and assemblies, as well as a leading re-manufacturer of
machine tools. New Century, through its wholly owned subsidiary Precision
Aerostructures, specializes in engineering and manufacturing precision
details for the aerospace industry that perform reliably in harsh
conditions, including high and low temperatures, severe shock and
vibration. New Century also is a leading domestic manufacturer of machine
tools, primarily vertical boring mills and large lathes such as Vertical
Turning Centers (VTC). Precision serves major aircraft builders such as
General Electric, Boeing L3 Communications and Eclipse Aerospace. The
Company has production facilities in Rancho Cucamonga, CA and Santa Fe
Springs, CA.
For more information please visit:
New Century's website at www.newcenturyinc.com or
Precision's website at www.precisionaerostructures.com.
Safe Harbor
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:
David Duquette
CEO
New Century
Phone: 562-906-8455
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