<><><><><><><><><><><><><><><><><><><><><><><><><> NOVEMBER 28, 2001 - THE WALLSTREET UNIVERSE REPORT UPDATE FOR NEW CENTURY - NCNY <><><><><><><><><><><><><><><><><><><><><><><><><> Dear Investors, On Monday we introduced you to New Century Companies, Inc. (OTC BB: NCNY.OB) at $0.45 per share. Enclosed is their current press release. At Wallstreet Universe, we will be keeping you informed of New Century updates and press releases for the next couple of months. Our last four profiles of: AMSE, CETA, CBBD and EMBI have performed tremendously and we expect the same of New Century! Good Trading - Steven Schwartz and Staff! mailto:support@wallstreetuniverse.com New Century Companies, Inc. Provides Update on Pending Merger LOS ANGELES, Nov. 28 /PRNewswire/ -- New Century Companies, Inc. (OTC Bulletin Board: NCNY - news) announced additional details regarding its pending merger with Smith West, Inc. The merger will further position the Company as a leading, vertically integrated provider of machinery and cylindrical turbine parts for the power generation, defense and aerospace engine industries. The US machine tool industry is an industry with annual sales in excess of $30 billion. Upon consummation of the merger, the combined companies will have expected annual sales for 2002 in excess of $50 million and an order backlog between $70 and $80 million. Smith West is operating three state-of-the-art facilities in excess of 32,000 square feet each and has such high profile clientele as GE Aircraft and Gas Turbine Divisions and Honeywell. Moreover, New Century has been experiencing a recent upsurge in new orders from defense and power industry companies, adding to the significant synergies between these two companies. "Our long standing relationship with Smith West, as a client of ours, will enable us to quickly and efficiently integrate the two companies," said David Duquette, CEO of New Century Companies, Inc. "This combination places us at the top of list for many new defense and energy projects. The defense and energy industries have recently enjoyed the benefit of obtaining significant government contracts and we are just starting to see that trickle down into our businesses. We strongly feel that we will continue to see a material increase in our sales as these companies fully ramp up to meet their commitments." +>+>+> 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 Turning Lathes. New Century is assisting in solving the current power crisis. By offering remanufactured Vertical Boring Mills, the company saves or conserves millions of dollars per year in energy cost by re-utilizing 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 used 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 http://www.newcenturyinc.com . New Century Companies, Inc. (OTC BB: NCNY.OB) Current Price: $0.48 cents per share. Location: 9515 Sorenson Ave. Santa Fe Springs, CA 90670 Phone: (562) 906-8455 Website: http://www.newcenturyinc.com More Info: http://finance.yahoo.com/q?s=NCNY.OB&d=t Investor Relations: Brock Malky, Insight Capital Consultants Corp. (412) 363-5007
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