Replies to post #273 on U.S. Aerospace, Inc (USAE)

[ProfitScout]

NCNC climbed to a new 52-week high today as a result of the proposed merger news this morning. This plan will greatly increase the value of the company and investors are recognizing this and buying now. Great day today. Looking for more news to come on this very positive development here.
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NEW CENTURY COMPANIES INC (NCNC)
Stock price
0.27 +0.185 +217.65%
Extended Hours
0.28 +0.01
as of 04:01 PM EDT on 09/03/09
Day Low 0.10 09:32 AM EDT
Day High 0.295 03:11 PM EDT
Range 0.19
Volume 994,438
30-Day Avg Vol 18,000
Difference 5,424.66%
Market Cap 4.14 M
Mkt Cap Chg 2.83 M
Shares Out 15.34 M
% Shrs Traded 6.48%

[ProfitScout]

I would expect more news coming up based on the line in NCNC's PR last week about the closing of the merger being "expected shortly". The timing here is very good as many investors will be back from their holiday outings and vacations after Labor Day.
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From NCNC's Sept. 3rd PR:
David Duquette, CEO, New Century Companies, Inc., stated, "We are pleased to have found a great company to grow our business. Precision Aerostructures, Inc. has an excellent management team and a backlog of $27,000,000 in contracts. We expect the combined companies to have earnings in the next 12 months in excess of $.12 per share. The closing, expected shortly, is subject to certain financing conditions and final due diligence, as is the case in any merger."

[ProfitScout]

New Century Companies, Inc. Completes Precision Aerostructures Co, Inc. Merger

LOS ANGELES, Oct 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- 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 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: [phone]

SOURCE New Century Companies Inc


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KEYWORD: California
SUBJECT CODE: TNM