Corporate Snapshot

New Century Companies, Inc. ("New Century" or "the Company") is engaged in acquiring, remanufacturing, and selling new and pre-owned Computer Numerically Controlled ("CNC") machine tools to manufacturing customers. The Company is also engaged in assembling sound-wall modules made from Quilite®—a revolutionary, lightweight, graffiti-resistant concrete alternative used not only in freeway sound barriers, but also in other sound-absorbing structures and non-weight bearing applications where privacy or screening is necessary. These applications can include walls for guarded-gate residential communities, barriers at sports stadiums, and privacy screens on highway medians. The Company's machine tools services are provided to a variety of customers, where the machine remanufacturing typically consists of replacing all components, realigning the machine, adding updated CNC capability, and electrical and mechanical enhancements. New Century's machines are used to manufacture round parts for jet-engine components; airplane landing gear parts; power generation equipment; oil and gas production components; construction materials; casks that store nuclear materials; and bearings for windmills, turrets, guns, or torpedo tubes in submarines and ship vessels, and countless other parts. Once completed within two to four months, a remanufactured machine becomes a "like new," state-of-the-art machine, which often contains more iron ore and superior standards of strength than a new machine, at a fraction of the price (generally 40% to 60% less than new ones). New Century passes these savings on to its customers, which include such leading manufacturers as General Electric Co. (GE-NYSE), General Dynamics Corp. (GD-NYSE), Siemens AG (SI-NYSE), and Gardner Denver Inc. (GDI-NYSE). The Company also manufactures its own original machine tool equipment, marketed under the "Century Turn" line. New Century manufactures its machine tools and assembles Quilite® modules at its facilities in Santa Fe Springs, California.

* The Corporate Snapshot was last updated on April 17, 2006.

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2006-04-17

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