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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
      DC 20549</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of
      1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
                of Report (Date of earliest event reported) February 28,
                2006</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="3" valign="middle" width="80%">&#160;</td>
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          <tr>
            <td colspan="3" valign="middle" width="80%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">New
                Century Companies, Inc.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
                name of registrant as specified in its chapter)</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="3" valign="middle" width="80%">&#160;</td>
          </tr>
          <tr>
            <td valign="middle" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Delaware
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                incorporation</font></div>
            </td>
            <td valign="middle" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">000-09459</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
                Number)</font></div>
            </td>
            <td valign="middle" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">06-10345787</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                Employer </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                No.)</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9835
                Santa Fe Springs Road</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Santa
                Fe Springs, CA</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="middle" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">90670</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                Code)</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="middle" width="80%">&#160;</td>
          </tr>

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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant's
                telephone number, including area code (562) 906-8455</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="80%">&#160;</td>
          </tr>
          <tr>
            <td valign="middle" width="80%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
                name or former address, if changed since last
                report)</font></div>
            </td>
          </tr>

      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      1 - Registrant&#8217;s Business and Operations</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01 - Entry into a Material Definitive Agreement </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      February 28, 2006, New Century Companies, Inc. (the &#8220;Company&#8221;) entered into a
      Securities Purchase Agreement (the &#8220;Agreement&#8221;) with CAMOFI Master LDC (the
&#8220;Purchaser&#8221;) whereby the Company agreed to sell, and the Purchaser agreed to
      purchase, up to $5,000,000 aggregate principal amount of 12% Senior Secured
      Convertible Notes due February 28, 2009 (up to $3,500,000 to be purchased at
      the
      Closing and up to an additional $1,500,000 to be purchased pursuant to an
      Additional Investment Right), secured by a first priority lien on all assets
      of
      the Company and its current and future subsidiaries (including a pledge of
      the
      shares of the Company&#8217;s current and future Subsidiaries). In conjunction with
      the Agreement, the Company, its subsidiary, and the Purchaser entered into
      the
      following attendant agreements, all dated February 28, 2006:</font></div>
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          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12%
              Senior Secured Convertible Note for $3,500,000 due February 28, 2009
              (the
              &#8220;Notes&#8221;);</font></div>
          </td>
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    </table>
    <table cellpadding="0" cellspacing="0" id="list" width="100%">

        <tr valign="top" style="line-height: 1.25;">
          <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Security
              Agreement between the Company and its current and future subsidiaries
              on
              the one hand and the Purchaser on the other
              hand;</font></div>
          </td>
        </tr>

    </table>
    <table cellpadding="0" cellspacing="0" id="list" width="100%">

        <tr valign="top" style="line-height: 1.25;">
          <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subsidiary
              Guarantee;</font></div>
          </td>
        </tr>

    </table>
    <table cellpadding="0" cellspacing="0" id="list" width="100%">

        <tr valign="top" style="line-height: 1.25;">
          <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Common
              Stock Purchase Warrant granting the Purchaser warrants to purchase
              3,476,190 shares of common stock of the Company at an exercise price
              of
              $0.63 for a term of seven years (the
              &#8220;Warrants&#8221;);</font></div>
          </td>
        </tr>

    </table>
    <table cellpadding="0" cellspacing="0" id="list" width="100%">

        <tr valign="top" style="line-height: 1.25;">
          <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Twelve
              month lock-agreements with certain Company
              shareholders;</font></div>
          </td>
        </tr>

    </table>
    <table cellpadding="0" cellspacing="0" id="list" width="100%">

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          <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registration
              Rights Agreement whereby, within 45 days, the Company shall prepare
              and
              file with the Securities and Exchange Commission a Registration Statement
              covering the resale of 125% of the following securities (collectively,
              the
              &#8220;Registrable Securities&#8221;) of the Purchaser for an offering to be made on a
              continuous basis pursuant to Rule 415: (i) all of the shares of common
              Stock issuable upon conversion of the Note or as interest on the Notes
              assuming all of the Notes are converted and all permissible interest
              payments are made in shares of common stock and the Notes are held
              until
              maturity, (ii) all shares issuable as amortization payments on the
              Notes
              assuming all permissible amortization payments are made in shares of
              common stock and the Notes are held until maturity, (iii) all shares
              of
              common stock underlying the Warrants, (iv) any securities issued or
              issuable upon any stock split, dividend or other distribution
              recapitalization or similar event with respect to the foregoing; and
              (v)
              any additional shares issuable in connection with any anti-dilution
              provisions in the Notes or the Warrants, including a liquidated damages
              clause whereby if certain deadlines for filing, responding and
              effectiveness of the Registration Statement (each, an &#8220;Event Date&#8221;) are
              not met, the Company shall pay to the Purchaser an amount in cash equal
              to
              1.5% of the outstanding principal of the Notes for any Registrable
              Securities then held by the Purchaser for the first 30 days (or part
              thereof) after the Event Date and an additional 1.5% for any subsequent
              30-day period (or part thereof), thereafter;
              and</font></div>
          </td>
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    </table>
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          <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Escrow
              Agreement and side letter between the Purchaser and Katten Muchin Rosenman
              LLP (the &#8220;Escrow Agent&#8221;).</font></div>
          </td>
        </tr>

    </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There
      is
      no material relationship between the Company or its affiliates and any of the
      parties, other than with respect to this transaction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      2 - Financial Information</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.03 - Creation of a Direct Financial Obligation or an Obligation under an
      Off-Balance Sheet Arrangement of a Registrant</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      February 28, 2006, the Company entered into a 12% Senior Secured Convertible
      Note for $3,500,000 due February 28, 2009 with 12% interest (the &#8220;Note&#8221;). In the
      event that (i) the Company shall sell all or a portion of its assets, (ii)
      the
      Company shall be subject to a change of control transaction or (iii) Quilite
      International LLC&#8217;s audited financial statement are materially worse than its
      unaudited financial statements, the Company shall be required to repay the
      Notes
      at 120% of the principal amount thereof plus accrued interest to the date of
      repayment. If any event of default occurs, the full principal amount of the
      Note, together with interest and other amounts owing in respect thereof, to
      the
      date of acceleration shall become, at the Purchaser&#8217;s election, immediately due
      and payable in cash. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      3 - Securities and Trading Markets</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02 - Unregistered Sales of Equity Securities</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the Agreement, the Company issued to the Purchaser: (i) 12% Senior Secured
      Convertible Note for $3,500,000 due February 28, 2009 (the &#8220;Note&#8221;) which is
      convertible into that shares of common stock of the Company at a conversion
      price of $0.63 per share; and (ii) Common Stock Purchase Warrant granting the
      Purchaser warrants to purchase 3,476,190 shares of common stock of the Company
      at an exercise price of $0.63 for a term of seven years. The Company relied
      on
      the exemption from registration relating to offerings that do not involve any
      public offering pursuant to Section 4(2) under the Securities Act of 1933 (the
      &#8220;Act&#8221;) and/or Rule 506 of Regulation D promulgated pursuant thereto. The Company
      believes that the Purchaser is an &#8220;accredited investor&#8221; under Rule 501 under
      Regulation&#160;D of the Act and had adequate access to information about the
      Company.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized. </font></div>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">NEW
              CENTURY
              COMPANIES, INC</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Dated:&#160;March
              6, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;David
              Duquette</font></td>
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              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">David
              Duquette</font></td>
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{"company-data": {"conformed-name": "NEW CENTURY COMPANIES INC", "cik": "0000318716", "assigned-sic": "3541", "irs-number": "061034587", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-09459", "film-number": "06670256"}, "business-address": {"street1": "11111 SANTA MONICA BLVD", "street2": "SUITE 210", "city": "BEVERLY HILLS", "state": "CA", "zip": "90210", "phone": "3109143007"}, "mail-address": {"street1": "14115 S PONTLAVOY AVENUE", "city": "SANTA FE SPRINGS", "state": "CA", "zip": "90670"}, "former-company": [{"former-conformed-name": "INTERNETMERCADO COM INC", "date-changed": "20010223"}, {"former-conformed-name": "NUMEX CORP", "date-changed": "19920703"}]}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      DC 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of
      1934
Date
                of Report (Date of earliest event reported) February 28,
                2006
New
                Century Companies, Inc.
(Exact
                name of registrant as specified in its chapter)
Delaware
(State
                or other jurisdiction
of
                incorporation
000-09459
(Commission
File
                Number)
06-10345787
(IRS
                Employer
Identification
                No.)
9835
                Santa Fe Springs Road
Santa
                Fe Springs, CA
(Address
                of principal executive offices)
90670
(Zip
                Code)
Registrant's
                telephone number, including area code (562) 906-8455
N/A
(Former
                name or former address, if changed since last
                report)
Section
      1 - Registrant's Business and Operations
Item
      1.01 - Entry into a Material Definitive Agreement
On
      February 28, 2006, New Century Companies, Inc. (the "Company") entered into a
      Securities Purchase Agreement (the "Agreement") with CAMOFI Master LDC (the
"Purchaser") whereby the Company agreed to sell, and the Purchaser agreed to
      purchase, up to $5,000,000 aggregate principal amount of 12% Senior Secured
      Convertible Notes due February 28, 2009 (up to $3,500,000 to be purchased at
      the
      Closing and up to an additional $1,500,000 to be purchased pursuant to an
      Additional Investment Right), secured by a first priority lien on all assets
      of
      the Company and its current and future subsidiaries (including a pledge of
      the
      shares of the Company's current and future Subsidiaries). In conjunction with
      the Agreement, the Company, its subsidiary, and the Purchaser entered into
      the
      following attendant agreements, all dated February 28, 2006:
·
12%
              Senior Secured Convertible Note for $3,500,000 due February 28, 2009
              (the
              "Notes");
·
Security
              Agreement between the Company and its current and future subsidiaries
              on
              the one hand and the Purchaser on the other
              hand;
·
Subsidiary
              Guarantee;
·
Common
              Stock Purchase Warrant granting the Purchaser warrants to purchase
              3,476,190 shares of common stock of the Company at an exercise price
              of
              $0.63 for a term of seven years (the
              "Warrants");
·
Twelve
              month lock-agreements with certain Company
              shareholders;
·
Registration
              Rights Agreement whereby, within 45 days, the Company shall prepare
              and
              file with the Securities and Exchange Commission a Registration Statement
              covering the resale of 125% of the following securities (collectively,
              the
              "Registrable Securities") of the Purchaser for an offering to be made on a
              continuous basis pursuant to Rule 415: (i) all of the shares of common
              Stock issuable upon conversion of the Note or as interest on the Notes
              assuming all of the Notes are converted and all permissible interest
              payments are made in shares of common stock and the Notes are held
              until
              maturity, (ii) all shares issuable as amortization payments on the
              Notes
              assuming all permissible amortization payments are made in shares of
              common stock and the Notes are held until maturity, (iii) all shares
              of
              common stock underlying the Warrants, (iv) any securities issued or
              issuable upon any stock split, dividend or other distribution
              recapitalization or similar event with respect to the foregoing; and
              (v)
              any additional shares issuable in connection with any anti-dilution
              provisions in the Notes or the Warrants, including a liquidated damages
              clause whereby if certain deadlines for filing, responding and
              effectiveness of the Registration Statement (each, an "Event Date") are
              not met, the Company shall pay to the Purchaser an amount in cash equal
              to
              1.5% of the outstanding principal of the Notes for any Registrable
              Securities then held by the Purchaser for the first 30 days (or part
              thereof) after the Event Date and an additional 1.5% for any subsequent
              30-day period (or part thereof), thereafter;
              and
·
Escrow
              Agreement and side letter between the Purchaser and Katten Muchin Rosenman
              LLP (the "Escrow Agent").
There
      is
      no material relationship between the Company or its affiliates and any of the
      parties, other than with respect to this transaction.
Section
      2 - Financial Information
Item
      2.03 - Creation of a Direct Financial Obligation or an Obligation under an
      Off-Balance Sheet Arrangement of a Registrant
On
      February 28, 2006, the Company entered into a 12% Senior Secured Convertible
      Note for $3,500,000 due February 28, 2009 with 12% interest (the "Note"). In the
      event that (i) the Company shall sell all or a portion of its assets, (ii)
      the
      Company shall be subject to a change of control transaction or (iii) Quilite
      International LLC's audited financial statement are materially worse than its
      unaudited financial statements, the Company shall be required to repay the
      Notes
      at 120% of the principal amount thereof plus accrued interest to the date of
      repayment. If any event of default occurs, the full principal amount of the
      Note, together with interest and other amounts owing in respect thereof, to
      the
      date of acceleration shall become, at the Purchaser's election, immediately due
      and payable in cash.
Section
      3 - Securities and Trading Markets
Item
      3.02 - Unregistered Sales of Equity Securities
Pursuant
      to the Agreement, the Company issued to the Purchaser: (i) 12% Senior Secured
      Convertible Note for $3,500,000 due February 28, 2009 (the "Note") which is
      convertible into that shares of common stock of the Company at a conversion
      price of $0.63 per share; and (ii) Common Stock Purchase Warrant granting the
      Purchaser warrants to purchase 3,476,190 shares of common stock of the Company
      at an exercise price of $0.63 for a term of seven years. The Company relied
      on
      the exemption from registration relating to offerings that do not involve any
      public offering pursuant to Section 4(2) under the Securities Act of 1933 (the
      "Act") and/or Rule 506 of Regulation D promulgated pursuant thereto. The Company
      believes that the Purchaser is an "accredited investor" under Rule 501 under
      Regulation D of the Act and had adequate access to information about the
      Company.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.
NEW
              CENTURY
              COMPANIES, INC
Dated: March
              6, 2006
By:
/s/ David
              Duquette
David
              Duquette
President