LOS ANGELES, Oct. 13 /PRNewswire-FirstCall/ - New Century Companies, Inc.
New Century Companies, Inc., (OTCBB: NCNC.OB), announced today that it has
successfully completed the merger with Precision Aerostructures Companies,
Inc. Russell Armstrong, Crescent Financial Advisors, Inc., was instrumental in
the introduction and closing of the merger transaction.
David Duquette, CEO of New Century Companies, Inc. stated, "We are pleased to
have Precision Aerostructures Companies, Inc. join New Century Companies, Inc.
as an integral part of our Company going forward. We are looking forward to a
prosperous and successful relationship."
Michael C. Cabral, CEO of Precision Aerostructures Co., Inc. stated, "We are
delighted the merger has been completed and I am looking forward to working
with Mr. Duquette in building a successful and profitable business for our
customers, investors and stockholders."
About Precision Aerostructures Co., Inc.
Precision Aerostructures is a world class supplier of precision machined
details and assemblies for many of the major aircraft builders in the United
States and around the world. We specialize in engineering, and manufacturing
of precision CNC machined multi-axis structural aircraft components for
customers such as MRAS/General Electric, Spirit Aero Systems, Boeing L3
Communications and Eclipse Aerospace. Precision Aerostructure's production
facility is in Rancho Cucamonga, CA. For more information please visit
Precision Aerostructures's website at www.precisionaerostructures.com.
About New Century Companies, Inc.
New Century Companies, Inc. is one of the leading U.S.-based makers of machine
tools, primarily vertical boring mills and large lathes such as vertical
turning centers (VTCs). It 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% to 60% less
to manufacture 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 Gardner Denver. 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. New Century's production facility
is in Santa Fe Springs, CA. For more information please visit New Century's
website at www.newcenturyinc.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 Companies, Inc., Phone: (562)
906-8455
SOURCE New Century Companies Inc
David Duquette, CEO, New Century Companies, Inc., Phone: (562) 906-8455
