New Century Companies, Inc. Completes Precision Aerostructures Co, Inc. Merger
13 Octubre 2009 - 3:15PM
PR Newswire (US)
LOS ANGELES, Oct. 13 /PRNewswire-FirstCall/ -- New Century
Companies, Inc. New Century Companies, Inc., (OTCBB: NCNC.OB),
announced today that it has successfully completed the merger with
Precision Aerostructures Companies, Inc. Russell Armstrong,
Crescent Financial Advisors, Inc., was instrumental in the
introduction and closing of the merger transaction. David Duquette,
CEO of New Century Companies, Inc. stated, "We are pleased to have
Precision Aerostructures Companies, Inc. join New Century
Companies, Inc. as an integral part of our Company going forward.
We are looking forward to a prosperous and successful
relationship." Michael C. Cabral, CEO of Precision Aerostructures
Co., Inc. stated, "We are delighted the merger has been completed
and I am looking forward to working with Mr. Duquette in building a
successful and profitable business for our customers, investors and
stockholders." About Precision Aerostructures Co., Inc. Precision
Aerostructures is a world class supplier of precision machined
details and assemblies for many of the major aircraft builders in
the United States and around the world. We specialize in
engineering, and manufacturing of precision CNC machined multi-axis
structural aircraft components for customers such as MRAS/General
Electric, Spirit Aero Systems, Boeing L3 Communications and Eclipse
Aerospace. Precision Aerostructure's production facility is in
Rancho Cucamonga, CA. For more information please visit Precision
Aerostructures's website at
http://www.precisionaerostructures.com/. About New Century
Companies, Inc. 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 website at
http://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: David Duquette, CEO, New
Century Companies, Inc., Phone: (562) 906-8455 DATASOURCE: New
Century Companies Inc CONTACT: David Duquette, CEO, New Century
Companies, Inc., Phone: (562) 906-8455
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