Nascent Food Service Enters Exclusive Distribution Agreement for Reed’s, Inc.
Nascent Wine Company, Inc. dba Nascent Food Service (OTCBB:NCTW), a company quickly becoming one of the largest food distributorships in Mexico, announced today it has signed an exclusive distribution agreement with Reed’s, Inc. (OTCBB:REED). Under the distribution agreement Nascent has the exclusive distribution rights for all of Reed’s products, including the award-winning Virgil’s Root Beer and Reed’s Ginger Brews, throughout Mexico.
Reed’s, Inc. is the latest company to award Nascent Food Service exclusive distribution rights for their products in Mexico, leveraging Nascent’s expanding position as a nationwide food distributor throughout Mexico. Other companies granting exclusive agreements to Nascent include Miller Beer in Baja California, Mexico, Ferrarelle Water, Cora Italian Foods, Cabo Chips and Avasoft Ice Cream.
“Reed’s all natural beverages, have won international awards for quality, and will be an exciting addition to Nascent’s product line,” stated Nascent Food Service CEO, Sandro Piancone. Mr. Piancone went on to say that “We look forward to working with Chris Reed and his team to build on the success of Reed’s in the US, and to introduce their award-winning gourmet product lines including Reed’s Ginger Brews, Reed’s Ginger Juice Brews, Virgil’s Root Beer and China Cola throughout Mexico.”
Mexico is the largest consumer of soda per person and second largest as a nation. It consumes 150 liters per capita with a total consumption of 15,900 million liters of soda.
“We are very excited to be on board with Nascent Food Service for Mexico. Our products have done surprisingly well in Mexico and now we have the distribution horsepower with Nascent to capitalize on this fact,” stated CEO Chris Reed of Reed’s, Inc.
About Reed’s, Inc.
Reed’s, Inc. develops, manufactures, markets and sells innovative, all natural, non-alcoholic beverages, candies and ice creams. Its non-alcoholic Ginger Brews are unique in the beverage industry being brewed from fresh ginger, spices and fruits. Award-winning gourmet product lines include: Reed’s Ginger Brews, Reed’s Ginger Juice Brews, Reed’s Ginger Candies and Reed’s Ginger Ice Creams. Additionally, the Company has acquired Virgil’s Root Beer and China Cola product lines. Reed’s products are sold through specialty gourmet and natural food stores, supermarket chains, retail stores and restaurants nationwide and in Canada. For more information about Reed’s, please visit the company’s website at: www.reedsgingerbrew.com
About Nascent Food Service
Nascent Food Service is quickly becoming a leading food and beverage distributor throughout Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. Nascent Food Service strives to be the leading Food and Beverage Distributor in Mexico and the only national broad-line importer of products into Mexico. Nascent Food Service also has the exclusive right to distribute Miller Beer in Baja California, Mexico. Nascent also sells select products from Nestle, Haagen-Dazs, General Mills, Ferrarelle Water, Cora Italian Food Products, Bonafont Water, Avasoft Ice Cream, Kabbalah Energy Drink, and Jolly Rancher Soda. Nascent is focused on acquiring the most profitable and well positioned distributors in Mexico with the best Food and Beverage portfolios in the country, selling to supermarkets, convenience stores and foodservice accounts. Nascent Food Service trades on the OTC Bulletin Board as Nascent Wine, Inc., ticker symbol NCTW.OB.
www.NascentFoodservice.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.