Brower Piven Announces Claims for Purchasers of New Century Financial Corporation Class A Preferred Shares

BROWER PIVEN, A Professional Corporation -- representing shareholders of New Century Financial Corporation -- announces that claims have been filed on behalf of all persons and institutions who purchased New Century Financial Corporation Class A Preferred shares from the date of issuance on or about June 15, 2005 to March 2006 ("New Century Financial" or the "Company") (PINKSHEETS: NEWCP).

New Century Financial and certain of the Company's executive officers and directors have been named in various lawsuits alleging violations of federal securities laws. Some of those lawsuits allege claims that those who purchased NEWCP.PK (i.e., New Century Class A Preferred shares) may have suffered losses from material omissions and dissemination of materially false and misleading statements concerning the Company's financial performance that caused New Century Financial's Class A Preferred shares to have been artificially inflated.

No class has yet been certified in the New Century Financial securities litigation. If you purchased New Century Financial Corporation Class A Preferred shares between June 15, 2005 (when those shares were first issued) and March 2006 and have suffered a net loss for all transactions in New Century Financial Preferred A shares purchased and sold between June 2005 and February 7, 2007 (and/or held after this date), to learn more about the claims asserted for those who acquired New Century Financial Corporation Class A Preferred shares, you may contact Brower Piven without obligation or cost to you, at www.browerpiven.com , by email at piven@browerpiven.com , by calling 410-332-0030, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice.

CONTACT: Brower Piven, A Professional Corporation, Baltimore, Maryland Charles J. Piven 410/332-0030 Email Contact