February 15, 2007
Nascent Food Service Opens Distribution Center in Ensenada
Nascent Food Service (OTCBB:NCTW), a company seeking to become one of the largest food distributorships in Mexico, announced today that it has opened a full service warehouse and distribution center in Ensenada, Baja, Mexico, and named food industry executive, Eduardo Ortiz Lopez as the General Manager in that location.
The opening of the Ensenada distribution center allows more efficient and cost effective distribution to the whole municipality of Ensenada which stretches from the Pacific Ocean on the West to The Sea of Cortez on the East. Sandro Piancone, CEO of Nascent Food Service, stated that "Opening our distribution center in Ensenada will allow Nascent to better serve the whole area around Ensenada, which is becoming a significant economic power in Mexico." Mr. Piancone went on to state that "The Ensenada region's economy is becoming very diverse, relying not only on tourism and its significant fishing industries, but also on a growing industrial base -- not to mention this region is the source of 90% of Mexico's wine production."
The opening of the Ensenada distribution center furthers the company's goal of becoming the first National Distributor of imported food products in Mexico. Nascent now has six strategically located distribution centers located in San Diego, Miami, Tijuana, Cabo San Lucas, Puerto Penasco, and now Ensenada.
Ensenada is a thriving sea port of approximately 413,000 people that has long been a popular resort destination. Ensenada sits on the western coast of Baja California, Mexico about 60 miles south of International Border with the United States, only a 90 minute drive from the greater San Diego area. The Ensenada area produces 90% of the wine produced in Mexico with 9 wineries in the area. Mexico is the most popular destination in the world for Cruise Lines, and Ensenada is the second most visited port-of-call for major Cruise Lines and pleasure boats in Mexico.
About Nascent Food Service
Nascent Wine Company, Inc. is one of Baja Mexico's largest food distributors, marketing and distributing over 2,000 national and proprietary brand food and non-food products to over 1,300 customers. Nascent plans to consolidate many of the smaller foodservice distributors in the Mexico market through acquisitions. Nascent currently has an exclusive distribution agreement with Miller Beer for Baja California, Mexico, and represents other major brands such as General Mills/Pillsbury Products, CORA Products, Avasoft Ice Cream, Ferrarelle Water, Nestle Candy, Haagen-Dazs and many others.
For more information about Nascent Wine Company, Inc. please visit www.pianconegroup.com.
Forward Looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.