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New Century Receives 1st Order for $465,000 to Start New Year.

LOS ANGELES -- New Century Companies, Inc (the"Company") (OTC Bulletin Board: NCNC - News) - New Century announced today that it has received a purchase order from Nazareth Machine Works located in Pennsylvania. The $465,000 purchase was for a very large vertical CNC turning center. Nazareth Machine Works is an advance manufacturing and fabrication facility serving various industries including paper mills, power generation, mining etc. David Duquette stated, "We are pleased to start the New Year with this order so quickly. In a recent Wall Street Journal article it was reported that factory orders staged their biggest rise in 4 months for November. This news is very encouraging for New Century. Many Industries have turned around very strong including mining, rail and defense which will increase our business significantly."

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

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.
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Publication:Business Wire
Date:Jan 10, 2005
Words:395
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