New Century Companies, Inc. Exploring Chinese Opportunities
LOS ANGELES, CA -- (Marketwire) -- 11/06/09 -- 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.