A die press assembly for producing punched parts from a travelling web of material, the die press comprising: a lower die shoe securing a compound punch holder plate thereon, the compound punch holder biasedly gripping a compound punch tool therein, the lower die shoe also supporting a reciprocably movable stripper holder plate, wherein the compound punch extends slideably through a biasedly gripped stripper holder tool in the stripper holder plate; an upper punch holder movable with respect to the lower die shoe, the upper punch holder having a center punch holder plate which biasedly grips a center punch tool therewithin; and a die holder plate fixedly attached to the center punch holder plate with a biasedly gripped die tool slideably enclosing the center punch, wherein each of the biasedly gripped tools are in co-axial alignment in distortable bores in their respective plates.