New Century Cos. Reports More Than $2 Million in New Orders

New Centuries Companies, Inc., a leading manufacturer and re-manufacturer of machine tools, today reported that it received orders in June and July for five vertical turning centers (VTCs) totaling $2.023 million. It expects to book most of the revenue from the orders during the third quarter ending September 30, 2006.

Two of the VTCs are being sold for $720,000 to a Midwest-based manufacturer of metal components for aerospace and industrial applications. Other VTCs are being bought by a pipe manufacturer for $545,000, a machining firm for $413,000 and a maker of aircraft-engine components for $345,000.

The complete release could be located here