Nascent Foodservice Comments on Recent Stock Activity
Nascent Wine Company, Inc. (OTCBB:NCTW), dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, explaining recent activity in its stock states that it is the Company’s understanding that the decline in the price of the Nascent common stock on June 26, 2007, resulted from the forced liquidation on that day of a large stock position in the Company’s securities held by a broker dealer that was recently forced to terminate its operations.
Mr. Sandro Piancone stated, “We feel that yesterday’s decline in the Nascent stock was the result of the unfortunate demise of a broker dealer that held a large position in Nascent Stock, and that it had nothing to do with events at Nascent Food Service.” Mr. Piancone went on to say, “Nascent continues to move forward executing on our business plan and expanding the company’s reach throughout Mexico.”
About Nascent Foodservice, Inc.
Nascent Foodservice 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 strives to be the leading food and beverage distributor in Mexico and the only national broad-line importer of products into Mexico. Nascent Foodservice also has the exclusive right to distribute Miller Beer in Baja California, Mexico. In addition, Nascent 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 over 7,000 sales points including supermarkets, convenience stores and foodservice accounts. Nascent Foodservice, Inc. trades on the OTC Bulletin Board as Nascent Wine Company, 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.