New Century Companies, Inc. Positioned to Take Advantage of Obama's $2.3 Billion Tax Credit

Defense News ~ LOS ANGELES, CA--(Marketwire - 01/14/10) - New Century Companies, Inc. (OTC.BB:NCNC - News) announced today that the Company is well positioned to take advantage of President Obama's $2.3 billion tax credits for the clean energy manufacturing sector.
The funding, which comes from the $787 billion American Reinvestment and Recovery Act, has been awarded to 183 projects in 43 states, the White House announced Friday, January 8, 2010.
The projects selected must be commissioned by February 2013, and the government expects about one-third of those will be completed this year. The program provides a 30% tax credit for those projects. The credit is focused on U.S. manufacturing of clean energy technologies such as solar and wind.
David Duquette, CEO of New Century Companies, stated, "The Company plans to research all opportunities with its customers in the wind turbine business to increase their capabilities for higher production. In addition to providing the machinery, it will also create new jobs, which is the intention of the program."
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:
Investor Contact:
Daniel Conway
DC Consulting, LLC
(407) 792-3332
daniel@dcconsultingllc.com

New Century Companies to Acquire Precision Aerostructures, Inc.

LOS ANGELES, CA--(Marketwire - 09/04/09) - New Century Companies, Inc. (OTC.BB:NCNC - News) announced today that it has signed a definitive agreement to acquire Precision Aerostructures, Inc. through a cashless merger. Russell Armstrong, Crescent Financial Advisors, Inc., has facilitated the negotiations of the merger and will conduct and assist with all aspects of the transaction.
Precision Aerostructures, Inc. manufactures structural aircraft components and assemblies. The company's customers do business in defense, government systems, aerospace and commercial markets. The company's web site is www.precisionaerostructures.com.
David Duquette, CEO, New Century Companies, Inc., stated, "We are pleased to have found a great company to grow our business. Precision Aerostructures, Inc. has an excellent management team and a backlog of $27,000,000 in contracts. We expect the combined companies to have earnings in the next 12 months in excess of $.12 per share. The closing, expected shortly, is subject to certain financing conditions and final due diligence, as is the case in any merger."
About New Century Co.
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 Web site at www.newcenturyinc.com.
In order to receive regular updates on NCNC, please click on the following link: 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:
Contacts:
David Duquette
CEO
New Century
Phone: 562-906-8455