SANTA FE SPRINGS, Calif., Feb. 9, 2005 (PRIMEZONE) -- New Century Companies, Inc. (OTCBB:NCNC) ("New Century" or "Company") announced today it has engaged Wall Street Resources, Inc. to provide a comprehensive corporate profile. The 27-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks.
"The Company is benefiting from a recovery in the U.S. machine tool industry and it is important to get this information to investors in a comprehensive manner. This comprehensive report will help current and potential shareholders obtain a thorough understanding of our Company," said David Duquette, New Century's President and CEO.
To obtain your free copy of the report, please visit: http://www.wallstreetresources.net/manage.asp?nextpage=new_century.asp
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. By offering remanufactured Vertical Boring Mills, the Company saves or conserves millions of dollars per year in energy costs by reutilizing 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 www.newcenturyinc.com
About Wall Street Resources, Inc.
Wall Street Resources, Inc. and its affiliated site, wallstreetresources.net, is a leading source for information on micro-to-small capital publicly traded companies and exchange traded funds. Wall Street Resources (WSR) provides consulting services to help corporate executives and financial tools and publications to help investment professionals. Business consulting services include writing analytical reports, building financial models, and developing business plans. Financial tools and publications include daily and monthly newsletters, trading alerts, and featured company reports.
Forward Looking Statements
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.