Nascent Food Service Opens Distribution Center in Mexicali
Posted on: Monday, 2 April 2007, 12:00 CDT
Nascent Wine Company, Inc. dba Nascent Food Service (OTCBB:NCTW), a company quickly becoming one of the largest food distributorships in Mexico, announced today that it has opened a full service warehouse and distribution center in Mexicali, Baja, Mexico and appointed Mario Santaella-Gross as the new General Manager.
The opening of the Mexicali distribution center allows more efficient and cost effective distribution to the entire area surrounding Mexicali. Sandro Piancone, CEO of Nascent Food Service, stated that "Opening our distribution center in Mexicali will allow Nascent to better serve the whole area around Mexicali, which is becoming a significant economic power in Mexico." Mr. Piancone went on to state that "Because Mexicali has become an industrial city with an expanding middle class with substantial purchasing power, and has attracted superstores such as Wal-Mart, Sam's Clubs, and Costco, it makes sense for Nascent to have a significant presence there."
The newest member of the Nascent management team is Mario Santaella-Gross, General Manager of the Mexicali Distribution Center. Mr. Santaella-Gross, a member of one of the founding families of Mexicali, has extensive import-export business experience.
The opening of the Mexicali distribution center furthers Nascent's goal of becoming the first National Distributor of imported food products in Mexico. Nascent now has seven strategically located distribution centers located in San Diego, Miami, Tijuana, Cabo San Lucas, Puerto Penasco, Ensenada, and now Mexicali.
About Mexicali
Mexicali, the Capital of the State of Baja, California, is a thriving city that has long been known for producing the finest quality cotton, and has now grown into an industrial city of approximately one million people. Mexicali shares the International Border with Calexico, CA, and is approximately 100 miles East of San Diego, and 220 miles Southeast of L.A. Companies such as Sony, Rockwell Industries, Mitsubishi, Gulf Stream, and Kenworth all have operations in Mexicali.
About Nascent Food Service
Nascent Wine Co. Inc. strives to be the leading Food and Beverage Distributor in all of Mexico and the only national importer of food products into Mexico. The company also has the exclusive right to distribute Miller Beer -of Miller Brewing Company- (SAB.L) in Baja California, Mexico. They also have exclusive distribution agreements for Cora Italian Foods, Bellissimo Foods, Avasoft Ice Cream (AVAF.OB), Reed's Beverages (REED.OB) Cabo Chips, and Ferrarelle Water and represents other major brands such as General Mills/Pillsbury Products, Nestle Candy, Haagen-Dazs Ice Cream and many 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, selling to supermarkets, convenience stores and foodservice accounts. Nascent Wines Co. Inc. trades on the OTC Bulletin Board, ticker symbol NCTW.OB.
For more information about Nascent Food Service please visit 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.
Source: Business Wire
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