U.S. Aerospace, Inc (USAE)

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New Century Companies, Inc. Engages Ascendiant Securities to Explore Strategic Alternatives
Monday February 6, 8:30 am ET

LOS ANGELES, CA--(MARKET WIRE)--Feb 6, 2006 -- New Century Companies, Inc. (OTC BB:NCNC.OB - News), a leading manufacturer and re-manufacturer of machine tools, today announced its Board of Directors has decided to explore strategic alternatives to enhance shareholder value. As part of this decision, it has engaged Ascendiant Securities LLC (www.ascendiant.com), a nationally ranked investment banking firm and registered broker-dealer, to support its decision.

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David Duquette, New Century's Chief Executive Officer, expressed his pleasure in working with a knowledgeable and experienced corporate finance firm that has a proven history of supporting the expansion of emerging growth companies. "With Ascendiant's support and our improving financial and operational improvements, we believe this is an appropriate time to expand our horizons in hopes of continuing to enhance shareholder value through potential strategic alternatives."

Brad Wilhite, Co-Founder and Managing Director of Ascendiant Securities, stated, "David Duquette and his team have done a remarkable job over the past few years in diversifying New Century's customer base in sectors that are presently enjoying robust growth: oil and gas, mining, construction, aircraft/aerospace, and defense, to name a few. We believe New Century has the infrastructure in place for continued profitability in its core business along with the opportunity to access new revenues streams and markets through its affiliation with Quilite International."

To be added to New Century's investor e-mail lists, please contact Haris Tajyar at [e-mail].