Bobnz;
Given that this is a new build, chances are there is something shorting out in the case or not all of the required power conections are firmly made.
First, check all of your MB power connectors and ensure they are firmly seated. Is the CPU correctly inserted in the socket?
Next I would suggest pulling the MB and PS from the case and do a breadboard setup. Use a static free surface (like the bag in which the MB was shipped) and set up the MB on a table top with one stick of memory, your video card (or onboard video) and the PS. Once again, make sure all connectors are firmly seated and that all necessary connectors are in the right place. Short out the starting pins with a screwdriver
Done this way, eliminating all possiblity of MB to case shorts, it should POST. If not, either your MB, PS or CPU may be toast. If new, the MB and CPU should be replaceable under warranty, and PSs are relatively inexpensive to replace. Just make sure it's a name brand and of sufficent wattage to power all your peripheral devices you have planned.
Let us know what shakes out.
Mike, The IT Guy.
Life is too short to drink warm beer....