Press ReleaseSource: New Century Companies, Inc.

New Century Reports 3rd Quarter Orders Received Total $2.9 Million
Thursday October 2, 2008 8:30 am ET

LOS ANGELES, CA--(MARKET WIRE)--Oct 2, 2008 -- New Century Companies, Inc. (OTC BB:NCNC.OB - News), a leading manufacturer and re-manufacturer of machine tools, announces today it received orders totaling $2.9 million for 3rd calendar quarter ending September 30, 2008. These orders exceeded our expectations, as July and August are typically the slowest months in which we receive orders from large corporations.

David Duquette, CEO, stated, "We are very pleased to have received so many new orders in the seasonally slow summer period. Furthermore, purchase order quotations for our machines have been higher than usual and we expect to have a strong 4th quarter as well. We believe the strong demand for our type of machines worldwide is being driven by rapidly growing companies in the energy markets."

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.

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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
      
     Investor Relations:
     Gerald Kieft or Ryan Audin
     Wall Street Resources, Inc.
     Phone: 772-219-7525
     NewCenturyIR@wallstreetresources.net
     http://www.wallstreetresources.net
      

Source: New Century Companies, Inc.


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