Nascent Announces Opening of New Distribution Center in Mexico City
Posted on: Tuesday, 4 December 2007, 12:00 CST
SAN DIEGO, Dec. 4 /PRNewswire-FirstCall/ -- Nascent Wine Company, Inc. (BULLETIN BOARD: NCTW) , dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, announced today it has opened a new distribution center in Mexico City. The new facility will house the operations of Pasani, Nascent's food and beverage distribution in Mexico City and the warehousing operations of Groupo Sur Promociones, Nascent's merchandising and promotions, both recent acquisitions.
The move was made to accommodate the growth of Nascent's food and beverage distribution and to consolidate the operations, an endeavor to reduce expenses. The warehouse located in the central area of the city is approximately 30,000 square feet and will facilitate distribution of more than 2,000 products.
"This facility is ideal to handle our rapid growth. With the capital and new products Nascent has provided, our volume of business has increased significantly," stated Alejandro Gutierrez, President of Pasani."
Sandro Piancone, CEO of Nascent, stated; "We will continue to consolidate operations, this is where the underlying values of the acquisitions we have made are realized, proper convergence and interaction with the acquisitions is vital in creating efficiencies thereby generating greater profitability. This coupled with expanded national distribution is the basis of our business strategy."
About Nascent Foodservice
Nascent Wine Company Inc. dba Nascent Foodservice is the only nationwide distributor of imported food and beverage products in Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. Nascent Foodservice also has the exclusive right to distribute Miller Beer in Baja California, Mexico. In addition, Nascent sells select products from Nestle, Ferrarelle Water, Cora Italian Food Products, Bellissimo pizza products, Avasoft Ice Cream, Mitsuki Asian products, Bonet European products, Kabbalah Energy Drink, Jolly Rancher Soda, Spark's energy drink, Nery's cheese products, among others. Nascent is focused on acquiring the most profitable and well positioned distributors in Mexico with the best food and beverage portfolios in the country. Nascent is currently servicing over 240,000 sales points including supermarkets, convenience stores and foodservice accounts like Wal-Mart, Costco, Soriana, Comercial Mexicana, AM/PM, 7-ELEVEN, OXXO and many more. Nascent Foodservice trades on the OTC Bulletin Board as Nascent Wine Company, Inc., ticker symbol NCTW.OB.
http://www.nascentfoodservice.com/
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. Our Annual Reports on Form 10-KSB, Quarterly Reports on Forms 10-QSB, Current Reports on Forms 8-K and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Nascent Foodservice
CONTACT: Randy J. Sasaki, President of Trout Trading Company, Inc.,+1-303-671-0270, for Nascent Foodservice
Web site: http://www.nascentfoodservice.com/
Source: PRNewswire-FirstCall
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