Archive for the ‘Nascent Wine Company NCTW’ Category

Nascent Wine Company, Inc. (NCTW.OB) Announces Efforts to Rebrand Itself

Monday, April 13th, 2009

Nascent Wine Company, Inc. announced this morning that it will begin to do business as Nascent Brands, Inc. In addition to streamlining the company’s operations, Nascent also intends to acquire and build the most profitable and well positioned brands of food and beverage products in Mexico.

The company has already demonstrated success in streamlining their product mix by cutting over 1,500 slow moving items and focusing on the top selling 500 items. Nascent plans to improve margins and profits by leveraging its platform with its own branded and private label products with the goal of accelerating growth.

“As the dominant force within the Mexican foodservice marketplace, we believe by concentrating on our core competencies of food distribution in Mexico, and building equity in our own brands, we will continue to leverage our leadership position and capitalize on many additional opportunities in this market. We believe the increased focus on the strengths of our business model will greatly improve margins with a leaner and more effective organization,” commented Sandro Piancone, CEO.

He added, “We are excited about the long-term prospects of Nascent and look forward to exploiting our position as the leading distributor of imported food and beverage branded products in Mexico.”

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Nascent Foodservice Inc. (NCTW.OB) Announces Positive First Quarter 2008 Results

Friday, May 23rd, 2008

Nascent Wine Company Inc. (NCTW.OB), dba Nascent Foodservice Company Inc., announced its financial results for the period ending March 31, 2008. Sandro Piancone, CEO of Nascent, said, “We made solid progress during the first quarter, as our financial results met plan, we further expanded our platform of leading brands and began to drive leverage in our infrastructure.”

Net Sales for the first quarter 2008 were reported at $16 million. The numbers reflect a 300 percent increase compared to the $5.1 million reported for the first quarter 2007. The company stated the increase was due mainly to the three acquisitions completed in 2007.

Gross profit improved from $1.9 million in the first quarter of 2007 to $2.8 million for the first quarter 2008. The increase of 191 percent is again due primarily to the three acquisitions. The ratio of gross profit to revenue has remained steady at 19 percent in the first quarter 2007 and 18 percent in the first quarter 2008.

Operating expenses were reported at $3.6 million for the first quarter of 2008, or 23 percent of revenue. Contributing factors to the increase in operating expenses are the improved infrastructure Nascent put in place after the three acquisitions were completed in 2007. The company added 17 distribution centers, leased 48 new trucks and distribution equipment, and increased its finance department. For the same period in 2007, the company’s operating expenses were $1.6 million, which was 30 percent of revenue. Even with the additional infrastructure costs, the company was able to decrease expenses by 7 percent compared to the same period last year.

The increased sales and decreased operating expenses contributed to the improvement in the company’s net loss which was reported at $0.3 million, or $0.01 per diluted share. For first quarter 2007, the company reported a net loss of $1.1 million, or $0.02 per diluted shared.

“During the first quarter we entered into two new distribution agreements including Fusion Energy Drink which is under exclusivity, and Rockstar Energy Drink. Our continued focus on securing distribution rights to desirable and recognizable products should enable us to secure increased gross margin dollars and command higher operating margins going forward. In addition, we focused our efforts on increasing efficiencies within our operations by consolidating warehouses, making delivery routes more profitable by eliminating redundant routes and adding more products to our trucks and leveraging our corporate infrastructure. With the majority of our infrastructure investments completed, we expect to further leverage our operating expenses over an expanded revenue base throughout 2008,” commented Piancone.

The company has about $7 million of trade receivable assets and believes that it has sufficient current assets to meet its cash needs for the remainder of the fiscal year. In the event that additional funds are needed, the company is speaking with several lending institutions regarding a working capital credit line and additional financing.

Piancone concluded, “Looking ahead to the remainder of 2008, we will continue to leverage our position as the first nationwide distributor in Mexico to attract additional leading brand names and increase our market share within the highly fragmented Mexican foodservice marketplace.”

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Nascent Wine Company Inc. (NCTW.OB) Management Has Got What it Takes

Tuesday, May 20th, 2008

Nascent Wine Company is one of Mexico’s first and fastest-growing foodservice distributors. Nascent has been operating since 2001 through thousands of Mexican convenience stores, independent retail stores, restaurants, hotels and bars. This vast portfolio has been cultivated and maintained by a management partnership with over 45 years of collective foodservice experience.

President Victor Petrone started his career in the industry in 1983, as owner and manager of the Capital Food Corporation, a firm which designed formal dining concepts. His actions at Capital Food Corp. got him noticed by Roma Food Enterprises, where he was commissioned as General Manager of the Western United States and Mexico. Victor was recruited yet again in 2001 by distribution-superpower Sysco Foodservice Corp., as overseer of its Specialty Market Division and international business development. It was here that he attained an annual growth rate of 22 percent.

At the position of CEO, company founder Sandro Piancone boasts 20+ years of pertinent experience. Like Mr. Petrone, he developed his career with Roma Foods, where he acted as VP of Sales and Marketing for Mexico. Sandro applied the knowledge he acquired at that position to found Piancone Group International, Inc., thereby breaking into the foodservice distribution industry.

As a result of the efforts of these two men and many others, Nascent enjoys exclusivity with many major brands across Mexico. With their combined business acumen, they have successfully carved a significant slice from Mexico’s 46 billion dollar foodservice pie.

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Nascent Foodservice, Inc. (NCTW.OB) Employs Winning Strategy of Growth through Acquisition

Thursday, May 15th, 2008

Nascent Wine Company, Inc. (OTCBB: NCTW) is the only nationwide distributor of imported food products into the Mexican marketplace. Although the company was incorporated in 2002, it experienced minimal business activity until it obtained the right to distribute Miller Beer in Baja California in 2006. In 2007, sales grew from $4.7M to $42.4M due mainly to the acquisitions of Pasani\Eco, Groupo Sur Promociones de Mexico S.A. de C.V., and Targa, S.A. de C.V. While the company employs a three-pronged sales strategy, its focus on acquiring the small Mom-and-Pop stores, then folding them into the current business, is almost completely responsible for its sales increase in 2007.

According to a 2002 study, the Mexican food service market comprises $46B of Mexico’s total $1 Trillion GDP. Large retailers such as WalMart, Costco, and Commercial Mexicana service about 40% of the market, while small Mom and Pop distributors service an incredible 60% of the market. Distributing to this 60%, many of whom are in remote locations, poses challenges that large multinational distributors cannot manage.

Due to the complex nature of importation, the Mexican foodservice industry requires an intermediary for warehousing and delivery. In addition, the roads and infrastructure in Mexico make logistics and large-scale delivery difficult, requiring the use of smaller vehicles and more frequent deliveries. These unique logistical challenges introduce an important barrier to entry for large multinational food service distributors; consequently, independent distributors service almost the entire country.

Nascent believes that although the current logistical situation in Mexico is challenging for non-Mexican food service distributors, multinational distributors, like Sysco, will indeed enter the market in the next decade. In the meantime, the Mexican market is ripe for knowledgeable, “organically grown” distributors like Nascent. Its strategy of growing through acquisition to expand its customer base will also lower its fixed costs, thus helping it entrench its position as the #1 importer in Mexico. Non-Mexican multinational food service distributors wanting to enter the Mexican market may hesitate when they find a knowledgeable, entrenched competitor in Nascent.

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Nascent Foodservice Inc. (NCTW.OB) Recently Announced Distribution Agreement with Bond Laboratories, Inc.

Wednesday, May 14th, 2008

Nascent Wine Company Inc. (NCTW.OB) dba Nascent Foodservice Company Inc. recently announced it has an exclusive distribution agreement with Bond Laboratories, Inc. to distribute Bond’s “Fusion 6+ Hour Energy Shot” in Mexico. The distribution agreement will allow Bond’s drink to be available at Nascent’s 240,000 sales points in supermarkets, convenience stores and food service locations throughout Mexico. Nascent is the only national distributor of imported foods and beverages in Mexico, and has established relationships with Wal-Mart, Soriana, Comercial Mexicana, AM/PM, 7-Eleven, OXXO, and CostCo.

Bond Laboratories is a marketer of healthy foods and beverages focused on developing proprietary products. The Bond sales and marketing executives have a history of developing and launching many well-known products.

Bond Laboratories President Eric Schick said, “Our partnership with Nascent expands our reach to the second largest market in North America – Mexico. We see tremendous growth opportunity for our Fusion + Hour Energy Shot within the Mexican marketplace and as the only nationwide distributor of imported products in Mexico, Nascent represents the ideal partner for our expansion.”

Nascent distributes over 2000 national and proprietary-brand food and non-food products, including Miller Beer, Nestle, Mitsuki Asian products, Bonet European products, Nery’s cheese products, and Ferrarelle Water. The company is focused on acquiring well-positioned and profitable distributors in Mexico to efficiently provide its products throughout the country.

“We are very pleased to add Fusion to our expanding beverage product offering. We are excited to make Fusion’s high quality, well-recognized beverage products available to our retail customers. We have a proven record of expanding the market share of leading brands such as Miller Beer, Nestle, Haagen-Dazs and General Mills and we are excited about the opportunity Fusion brings to Nascent. Our partnership with Bond Laboratories demonstrates our strategy of securing exclusive rights to desirable and recognizable products,” stated Sandro Piancone, CEO of Nascent.

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Nascent Foodservice, Inc. (NCTW.OB) – Exclusive Importer of Major Brands to Mexico

Wednesday, May 7th, 2008

Nascent Wine Company Inc. is recognized as the only nationwide distributor of imported products in Mexico. Based in San Diego, California and founded in 2002, the company serves grocery stores, convenience stores, hotels, resorts, industrial cafeterias, schools, caterers, and restaurants. They provide their customers with imported products from all over the world including Italy, France, Spain, China, Japan, Taiwan, Holland, USA, Scandinavia and other countries.

One of the reasons for Nascent’s success south of the border is because of the exclusivity it has with certain name brand products. Nascent imports and sells over 2,000 international food and beverage products, and many of these brands are owned by Nascent itself. Some of the items that are exclusively distributed through Nascent are Miller Brewing Company products, which the company also distributes in California, Fiji Water, Hershey’s Chocolate and Heinz.

Supermarkets comprise the largest single area of business for Nascent, and account for 40% of all retail sales. Nascent works with every major supermarket chain in Mexico, which means more than 8,000 supermarkets receive the company’s products. The company currently has 200 of its own products and has set a goal of adding at least 60 new products annually. Their major customers like Walmart, Costco, Sam’s Club and Gigante are happy to welcome all of the new products that Nascent can bring.

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Nascent Foodservice, Inc. (NCTW.OB) and Bond Laboratories, Inc. (BNLB.OB) Announce Innovative Distribution Agreement

Wednesday, May 7th, 2008

Bond Laboratories, Inc. (OTCBB: BNLB) is a leading marketer and developer of healthy food and beverages. Today Bond Laboratories’ Fusion Energy Division announced that it has signed an agreement with Nascent Foodservice Company, Inc. where Nascent will be the exclusive distributor of Bond’s “Fusion 6+ Hour Energy Shot”, throughout Mexico.

Nascent Wine Company, Inc. (OTCBB: NCTW) dba Nascent Foodservice Company, Inc. is the lone nationwide distributor of imported food and beverage products, and will supply the drink to its 240,000 Mexican retail outlets. According to Bond Laboratories officials, there is no other 2 oz energy shot product distributed nationally in Mexico. Nascent Foodservice Company distributes products to several well-known Mexican retailers including Wal-Mart, Costco, 7-ELEVEN, Commercial Mexicana, Soriana, among others, making it a valuable business partner for Bond Laboratories.

“Because of our position and expertise in the Mexican market, we have been able to grow leading US brands such as Miller Beer, Nestle, Hagen-Dazs and General Mills that have entrusted us to distribute their products in a professional manner, benefiting the consumer”, stated Sandro Piancone, CEO of Nascent.

Eric Schick, President of Bond agrees. “Our new relationship with Nascent provides us with the best possible strategic partner in Mexico, the second largest market in North America. We feel extremely fortunate to work with Nascent as our partner. They are the only foodservice company that covers all of Mexico. No one else even comes close.”

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Nascent Wine Company Inc. (NCTW.OB) – One of Mexico’s Fastest-Growing Importers

Tuesday, May 6th, 2008

Nascent Wine Company Inc. is the sole nationwide distributor of many imported products in Mexico. It has been in operation since 2001, when it began acquiring the country’s most profitable distributors. It offers 2,000 different products in 8,000 Mexican supermarkets, and services 240,000 accounts. Other outlets for distribution include convenience stores, independent retail outlets, restaurants, hotels, and bars. Nascent enjoys exclusivity with many major brands across the country, necessitating the implementation of several of its own trucks and warehouses throughout Mexico and the U.S.

Nascent has distribution centers in:

* San Diego
* Miami
* Laredo
* Tijuana (2)
* Mexicali
* Ensenada
* Puerto Peñasco
* Cabo San Lucas
* La Paz
* Mexico City (2)
* Guadalajara
* Monterrey
* Cancún
* Culiacán
* Ciudad Juárez

Some of its Customers include:

* Wal-Mart
* Sam’s Club
* Costco
* 7-Eleven
* AM/PM
* Circle K
* Soriana
* Gigante
* Comercial Mexicana
* Smart and Final
* Calimax
* HEB

With such an impressive portfolio, it is easy to imagine why Nascent Wine Company is one of Mexico’s first and fastest-growing foodservice distributors. It has positioned itself to acquire a significant slice of Mexico’s 46 billion dollar foodservice industry.

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Nascent Food Service, Inc. (NCTW.OB) – Importing Foods and Beverages South of the Border

Thursday, May 1st, 2008

In Mexico there is only one nationwide distributor of imported products, and that company is Nascent Food Services. Nascent searches and imports products from all over the world including Italy, France, Spain, China, Japan, Taiwan, Holland, USA, Scandinavia and others, then distributes them to different channels throughout Mexico. The company takes an old fashioned approach to customer service, and goes out of the way to personally visit every client on a weekly basis.

The personal and professional service is made possible through Nascent’s 16 distribution centers spread throughout Mexico. This allows the company to keep all deliveries in house, so that no sub-distributors or contractors could potentially misrepresent the company. Mexico has more than 8,000 supermarkets and Nascent services every one of them with their line of over 2,000 products. The company has set a goal of adding at least 60 new products annually to their current roster.

Nascent imports and sells over 2,000 international food and beverage products into Mexico. Many of these brands are owned by the company and many of the larger brands are held under exclusivity. Some of the items that are exclusively distributed through Nascent are Miller Brewing Company products, Fiji Water, Hershey’s Chocolate and Heinz. These items are all sold through Nascent’s contracts managers, and shipped using Nascent’s own truck fleet.

Walmart, Costco, Sam’s Club and Gigante are some examples of the larger customers that account for nearly 40% of Nascent’s sales, but the company also services establishments as small as convenience stores and restaurants. In total there are over 240,000 contract accounts for the company. Nascent reported 4th quarter revenues of nearly $17 million in 2007, and for the year reported $42.4 million in revenues.

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Nascent Food Service, Inc. (NCTW.OB) Distributes Global Brand Names to Mexico

Wednesday, April 23rd, 2008

Nascent Wine Company (OTCBB: NCTW) Inc., dba Nascent Foodservice, distributes more than 2,000 imported national and proprietary brand food and non-food products across Mexico. The company sells a variety of products from Nestle, Haagen-Dazs, General Mills, Jolly Rancher Soda and other manufacturers.

Nascent targets profitable and well-positioned distributors in Mexico for acquisitions. The company pursues distributors with proven reputations for having the best food and beverage portfolios in the country. Nascent now has 16 distribution centers spread throughout Mexico, and three in the United States.

Founded in 2001, the company now distributes through more than 240,000 sales points, including supermarkets, convenience stores and large-scale accounts such as Wal-Mart, Costoco, Soriana, Comercial Mexicana, AM/PM, 7-ELEVEN, OXXO and more. Nascent also distributes to hotels, restaurants, bars and hotels.

To control distribution and brands, Nascent has secured exclusive agreements with major brands in Mexico, as well as direct distribution with its own trucks and warehouses throughout Mexico. The company has the exclusive rights to distribute Miller Beer and other international brand names throughout Mexico. Though it distributes in Mexico, the company searches and imports products from all over the world, including Italy, France, Spain, China, Japan, Taiwan Holland, the United States, Scandinavia and more.

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Nascent Foodservice, Inc. (NCTW.OB) to Hold Conference Call on April 21, 2008 to Discuss 2007 Financial Results

Thursday, April 17th, 2008

Nascent Wine Co. Inc. (NCTW.OB), dba Nascent Foodservice, announced that it will hold a conference call on Monday, April 21, 2008 to discuss its financial results for the year ending December 31, 2007. Leading the call will be Chief Executive Officer, Sandro Piancone, and Chief Financial Officer, Peter White.

Nascent Foodservice is the only nationwide distributor of imported products in Mexico. Currently, Nascent markets and distributes over 2,000 national and proprietary food and non-food products. The company focuses on acquiring the most profitable distributors in Mexico which have the best food and beverage portfolios. Presently, Nascent services over 240,000 sales points that include supermarkets, convenience stores and foodservice accounts like Wal-Mart, Costco, and 7-Eleven.

In the 2007 fiscal year, the company saw the completion of three major acquisitions and an increase of long-term exclusive distribution contracts from three to six. The company’s product line increased from 1,300 brand names in 2006 to 2,000 brand items at the end of 2007. The private label/proprietary product line increased to more than 200 private label items. In addition, 6,800 new retail accounts were signed in 2007, which included Sam’s Club, Costco, Soriana, Gigante, Smart and Final, and Wal-Mart.

Fourth quarter 2007 Net Sales were $17 million in comparison to 2006 results of $3.5 million. Key drivers in the increase over the fourth quarter were the completion of the acquisitions of Pasani, Grupo Sur Promociones de Mexico, and Comercial Targa. Gross profits in fourth quarter 2007 increased by $2 million, which was a 14.6 percent increase over the same period in 2006. The increase in gross profits was due to an increase in overall sales, including a higher sales ratio on the private label products.

Fiscal year 2007 Net Sales were $42.4 million, which was a 9-fold increase when compared to the $4.7 million net sales reported for fiscal year 2006. As with the fourth quarter increase, the three acquisitions proved to be the key to the overall increase in net sales. Gross profit for fiscal year 2007 was $6.8 million versus $0.7 million in 2006, a ten-fold increase.

With the increased product line and higher number of retail accounts, the company has expanded its infrastructure to support the expansion. The additional 4,700 employees are dispersed between the 17 additional distribution centers and 42 additional fleet trucks. The company now has 21 distribution centers that will increase the efficiency and service time involved in providing products to customers. The transportation fleet had an 800 percent increase from 6 to 48 trucks.

Sandro Piancone, Chief Executive Officer at Nascent Foodservice, stated, “Looking to 2008, we are very excited about our long term growth prospects and believe we are well positioned to build upon our position as the leading distributor of imported products in Mexico. We believe our gross and operating margins will continue to improve from our fourth quarter results as we leverage the platform we have created.”

The conference call is scheduled to begin at 8 am PT (11 am ET). U.S. Residents can listen into the call by dialing 1-800-762-8779. International callers can access the call by dialing 1-480-629-9031. A replay of the conference call will be available until 11:59 pm ET on Monday, May 12, 2008. U.S. Residents may access the replay by dialing 1-800-406-7325 with passcode 3869739. International callers may access the replay by dialing 1-303-590-3030 with passcode 3869739.

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Nascent Foodservice, Inc. (NCTW.OB) Announces Fourth Quarter and Full Year 2007 Results

Wednesday, April 16th, 2008

Nascent Wine Co Inc. (dba Nascent Foodservice) reported its fourth quarter and full year results ended December 31, 2007, as well as 2008 growth opportunities. Highlights of 2007 included: the addition of 4,700 employees; the addition of more than 6,800 new retail accounts, including Wal-Mart, Sam’s Club, Costco, HEB, Soriana, Gigante, Smart and Final; an expanded private label / proprietary product line totaling more than 200 items; and the completion of three major acquisitions.

Commenting on the results, Sandro Piancone, CEO of Nascent Foodservice, stated, “We entered 2007 with a goal of expanding our platform to market and distribute food and food related products throughout Mexico and based on our record fourth quarter and full year 2007 revenue growth and infrastructure expansion, we achieved this goal. During the full year of 2007, we expanded the portfolio of products we distribute (branded and private label/propriety items) by over 50%, increased our distribution centers from 4 to 21 and expanded our service footprint to cover all of Mexico’s major metropolitan areas, making Nascent the first and only nationwide distributor in Mexico.”

“We are the first nationwide food distributor in Mexico, working with all the leading accounts like Wal-Mart, Costco, Soriana, Comercial Mexicana, AM/PM and 7-ELEVEN. Because of our position and expertise in the Mexican market we are able to attract leading brands such as Miller Beer, Nestle, Haagen-Dazs and General Mills that have entrusted us to distribute and market their products,” he continued.

Looking forward to the New Year, he stated, “In 2008, we expect to improve gross and operating margins throughout the year by leveraging our infrastructure, continued organic growth in branded and private label products and potential strategic acquisitions. The foodservice industry in Mexico is highly fragmented with over 25,000 regional food distributors addressing the $46 billion foodservice market. Because of our first mover advantage, management team and distribution and marketing platform we have created, we are in a very strong position to exploit this tremendous growth opportunity for many years to come.”

Net sales for Q4 2007 increased 500% to $17 million compared to Q4 2006, while gross profit for the year increased to $6.8 million, a near 1,000% increase over 2006. Gross margin increased to 16.1% in 2007 compared to the 14.9% reported for 2006. The Company is very excited about its long term growth prospects and believes that both its gross and operating margins will continue to improve.

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Nascent Foodservice, Inc. (NCTW.OB) Uses Fold-in Acquisitions to Leave Footprint in Mexican Distribution

Tuesday, April 15th, 2008

Nascent Wine Co. Inc. (OTCBB: NCTW) engages in the distribution of food and non-food products, offering nearly everything you’d find in the pantry as well as table settings and utensils. The company’s customers include grocery stores, convenience stores, hotels and resorts, schools, cafeterias and restaurants in the Baja region of California and Mexico, and Miami, Fla.

Nascent Wine dba Nascent Foodservice delivers more than 2,000 national proprietary-brand food and non-food products. The company has exclusive rights to distribute many big-name brands, including Miller Beer, throughout Baja Mexico.

Nascent’s current growth strategies focus on acquisitions. Following what Nascent calls fold-in acquisitions, the company buys “mom and pop companies,” leaves the warehouse and equipment and uses its owners, sales and experience and “folds” them into the company. The company’s recent acquisition gives Nascent nine new distribution centers.

The food service industry in Mexico is a $46 billion market. Nascent’s goal is to acquire the “mom and pop” companies that make up the majority of the industry, allowing the company to leave its footprint in a high-demand segment of the industry.

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Nascent Foodservice, Inc. (NCTW.OB) – Dynamic Growth Requires a Dynamic Financial Officer

Wednesday, April 9th, 2008

On march 9th, 2008, Nascent Wine Co. Inc. (dba Nascent Foodservice, trading under the symbol NCTW) did the inevitable; it made effective the appointment of Peter White as the Chief Financial Officer of the company. Mr. White had been acting as Chief Financial Officer to the company since January, and Sandro Piancone, the Chief Executive Officer, decided it was time to make the move official.

This wasn’t unexpected. Nascent has been growing exponentially in the past 18 months, and with growth that fast and broad, having someone with Mr. White’s credentials at the financial helm is a requisite. Peter White brings over 40 years of senior executive experience to the table, with an extensive background in corporate finance, accounting and operations. White will now be responsible for providing the financial and strategic leadership the CEO requires to take Nascent to the next level of expansion.

Mr. White holds a B.S. degree in accounting from New York University, an MBA in finance from Columbia University and is a certified public accountant in the states of Pennsylvania and Massachusetts. Prior work experience includes such prestigious positions such as CFO and COO of Matrix – Systems Inc, a wireless software company for defense and commercial applications; Vice President of Global finance for 3D systems, a global developer of laser systems; Managing Director of Phoenix Equity Partners, an investing firm; and CFO of Global Spill Management, an environmental services company.

With Nascent’s recent acquisitions and determination to consolidate large portions of the fragmented Mexican food distribution industry, Mr. White will be a perfect addition to the management team. To quote Sandro Piancone, Chief Executive Officer of Nascent Foodservice, “We are very pleased and fortunate to have Pete join the executive management team in a permanent capacity. Pete brings significant senior level finance and accounting experience to Nascent and has been a tremendous resource since joining us in December 2007 as our acting Chief Financial Officer. We are pleased to have someone with Pete’s expertise and capabilities to provide the financial leadership in this dynamic stage of the Company’s growth cycle.”

Permanently filling this slot with someone of Mr. White’s caliber sends a message to the food industry that Nascent is serious about achieving its goals, and it will take on the personnel it needs to accomplish this. Developments such as this keep Nascent on the radar screens of investors worldwide.

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Nascent Foodservice, Inc. (NCTW.OB) Posts Record Revenues in 2007, Along with Major Milestones

Tuesday, April 8th, 2008

An interesting thing happened to Nascent Wine Co. Inc. (OTCBB:NCTW) (dba Nascent Foodservice) after participating in the 2008 ANTAD Food and Supermarket Tradeshow that was held March 4-7 of this year in Guadalajara, Mexico. Nascent Wine Company Inc., dba Nascent Foodservice, is the only nationwide distributor of imported products in Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. 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.

ANTAD, which stands for “National Association of Supermarkets and Department Stores”, is Latin America’s largest food and supermarket show, held every year in Guadalajara, Mexico. The ANTAD Food Show offers U.S. and European exporters of food (including catering products, beverages, wines and spirits) the opportunity to exhibit their products to buyers for Mexican-based supermarkets and convenience stores. ANTAD 2008 marked the 25th anniversary of the ANTAD supermarket and retail exhibition, and was the biggest one so far. More than 1,100 exhibitors from over 25 countries presented their products to approximately 25,000 trade visitors.

Nascent occupied 6 booths alongside the Wal-Mart booths, and it was there that they showcased their full line of Mitsuki Oriental products, Bonet European items, CORA Italian products, a full line of beverages including Ferrarelle Water, Jolly Rancher Soda, Kabbalah Energy drink, Rockstar Energy Drink, Miller Beer, and – for the first time – introduced the full line of Nery’s Cheese products for national distribution.

The response to Nascent’s exhibit was fantastic, with hundreds of industry buyers showing keen interest and many placing first-time orders. What makes this such an amazing success is that, according to ANTAD, the retailers’ same-store sales are believed to have risen only 1.1 percent in 2007, compared with 4.3 percent in 2006, yet Nascent posted their best year ever. For the year ended December 31, 2007, revenue was expected to be approximately $37 to $40 million, or more than 8 times greater than the $4.7 million revenues generated in 2006.

Other significant milestones surpassed in 07 included the expanding of branded product lines by over 50%, to approximately 2,000 brand name items by December 31, 2007, compared to 1,300 brand name items on December 31, 2006. The company also increased their private label/ proprietary product line to more than 200 private label items, and added more than 6,800 new retail accounts, including Wal-Mart, Sam’s Club, Costco, HEB, Soriana, Gigante, Smart and Final. They also increased distribution centers to 18 from 4, expanded the transportation fleet approximately 500% to 35 trucks from 6, added 4,700 employees, and increased their long term exclusive distribution contracts by 100%.

2007 was a tremendous year for Nascent, and they’ve already started 2008 with a headfull of momentum and plans for more incredible growth.

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Beacon Equity Research Featured Company: Nascent Wine Company, Inc. (NCTW.OB)

Friday, February 22nd, 2008

Nascent Wine Company, Inc. (NCTW.OB) is the only nationwide distributor of imported food and beverage products in Mexico. It distributes foods and beverages to more than 8,000 locations across Mexico, including supermarkets, superstores, convenience stores, mom and pop markets, restaurants, hotels, resorts, cafeterias, schools and industrial caterers. Nascent has 18 strategically located distribution centers that enable it to serve all the major metropolitan areas in Mexico.

Nascent imports more than 2,300 food and beverage products and sells to over 2,000 customers, including Wal-Mart, Sam’s Club, Costco, 7-Eleven, AM/PM, Gicante and many more. The Company sells products from Nestle, Haagaen-Dazs, General Mills, Ferrarelle Water, Mitsuki Asian Products, Jolly Rancher Soda, and many others.

The company’s goal is to acquire the most profitable well-positioned distributors in Mexico with the best food and beverage portfolios in the country. Nascent has already acquired several key food service distributors, including Pasani, Palermo’s, International Foodservice Specialists and Best Beer.

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Nascent Foodservice, Inc. (NCTW.OB) Recaps Successful 2007

Wednesday, January 16th, 2008

Nascent Foodservice, Inc. (OTCBB: NCTW) originated as a family owned cheese business and has grown to become a leading distributor of food and beverages throughout Mexico. Focusing on distribution agreements and strategic acquisitions, the company has positioned itself for success in a growing industry. The company’s product line is extensive, and with so much to offer, Nascent has had a busy 2007.

In December Nascent announced the opening of a new 30,000 square-foot distribution center in Mexico City, intended to house two of the company’s operations to consolidate operations and reduce expenses.

In November of 2007, Nascent’s subsidiary, Grupo Sur Promociones, one of the largest and most successful merchandising and promotions companies in Mexico, celebrated its 30th year in business. The celebration was held in Mexico City and was attended by employees, customers and members of the press.

Part of the company’s success can be attributed to strategic acquisition as well as cheese. In October, Nascent announced the finalization of the acquisition of Comercial Targa S.A. de C.V., a leading imported cheese distributor in Baja California, Mexico. The company’s cornerstone is Nery’s and Nery’s Choice, produced in the U.S. and distributed to nearly every grocery store in Baja.

Additionally, in September the company provided merchandising, promotional and Web –based route management services to 20th Century Fox through its subsidiary Grupo Sur Promociones’ GPS system and software; launched its new Proprietary Sales and Management Web-based Software for salespeople, merchandisers and promoters; and announced the appointment of two new board members.

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Nascent Foodservice, Inc. (NCTW.OB) to be a Featured Company at the 10th Annual ICR XChange Investor Conference

Monday, January 14th, 2008

Nascent announced this afternoon that it has accepted an invitation to speak at the 10th Annual ICR XChange Investor Conference, which will take place from January 16 through the 17th at The St. Regis Monarch Beach Resort & Spa in Dana Point, California.

The ICR XChange is known as one of the most preeminent investor conferences in the industry and features more than 120 presentations from leading companies that come from an array of various industries. In addition to the presentations, there will also be breakout sessions with management and panel discussions regarding retail trends and market dynamics.

Recently ICR was named as one of the nation’s top 15 independent firms by PR Week and has grown at a rapid pace compared to the rest of the industry for the past eight years. This embracement by investors can be attributed to the Company’s ability to offer unparalleled counsel from senior-level professionals.

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Nascent Foodservice (NCTW.OB) to Exhibit at the San Diego Convention Center Next Week

Friday, January 11th, 2008

Nascent Wine Co Inc. (dba Nascent Foodservice) will be exhibiting next week at the San Diego Convention Center from January 13th to the 15th. They will be alongside Cora’s demonstration at booth #3601 and with Ferrarelle at booth #3148.

The Food Show features 140,000 products shown by 1,100 exhibitors from 42 different countries. It is anticipated that 250 first time exhibitors and 400 companies marketing natural and organic foods will attend.

Victor Petrone, President of Nascent, said, “What a great way to start the New Year by having our existing vendors from around the world support us where our corporate headquarters is located. The Fancy Food Show has served as a great platform for developing new business relationships, and now we have the country of Mexico to offer them a new venue.”

This year’s show will have retailers and restaurateurs from around the globe. As stated by the Company, “This is just one of the many exhibitions that Nascent Foodservice visits to source food and beverages for export to Mexico under exclusive agreements.”

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Nascent Foodservice, Inc. (NCTW.OB) Uses Highly Experienced Management Team for Success

Thursday, January 10th, 2008

Nascent Foodservice, Inc. (OTCBB: NCTW) is a leading distributor of food and beverage products throughout Mexico. It’s a growing market and Nascent is set on remaining at the top, guided by four senior members of its management team and a focused business strategy.

Sandro Piancone, CEO of Nascent, started his career in the food industry in 1986, founding Tele-Chef Catering in 1991 which grew to become one of the largest catering companies in San Diego. Piancone was positioned with several other food service companies before launching the Piancone Group in 2003. He is also fluent in Italian and Spanish, and educated about food service industries in the U.S., Mexico and Europe.

Victor Petrone, president of Nascent, started his foodservice career in 1983 and created ethnic dining concepts for many restaurants and dining establishments in the food distribution sector. Among other positions and achievements, Petrone helped achieve 22% growth annually in his division at Sysco Foodservice Corp. In 2004 he formed import/export company International Food Specialists Inc.; his current sales territory covers the U.S., Mexico, Canada, the Caribbean, and Central and South America. He also is fluent Italian and Spanish.

William Lindberg is Nascent’s CFO. His career began in 1958 with Arthur Anderson & Co. He has been assigned to offices in Montevideo, Uruguay, Buenos Aires, Argentina and Santiago, Chile and has been preparing financial statements in SEC filings since 1998. His role with Piancone Group International, Inc. began in 2004.

James Buckman serves as member of the board of directors and is vice chairman of York Capital Management and member of York’s Senior Management Committee. He has served as chairman and board member, general counsel and associate for various, well known establishments.

The management team uses combined experience to fulfill the company’s business strategy to establishing a “nationwide footprint” in Mexico through various acquisitions; by obtaining exclusive rights to several name-brand product lines; using technology to leverage its operations and a targeted sales campaign.

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Nascent Foodservice, Inc. (NCTW.OB) Caters to the Hungry Mouths South of the Border

Tuesday, January 8th, 2008

According to the U.S. Department of Agriculture, the U.S. exports roughly $120 billion in food and beverage products to Mexico. With the 12th largest economy in the world, and a booming tourist industry, Mexico is an ideal spot for companies looking to capitalize in the food and beverage industry.

Realizing the potential and the competition that comes with it, Nascent Foodservice, Inc. (OTCBB: NCTW) distributes more than 2,300 national and proprietary items to more than 2,000 customers south of the border via18 distribution centers.

Through strategy and acquisition, Nascent has grown to hold exclusive agreements for many products, and was recently given exclusivity to distribute Miller Beer in Baja California, Mexico. Nascent also delivers brands such as Pillsbury, Nestle, Haagen Dazs, Heinz, Green Giant products for General Mills de Mexico to the hungry market.

The company’s distribution line targets three major customer types: foodservice customers like restaurants, hotels, cafeterias, and schools; franchise or chain establishments; and “autoservicio” clients which include Mexico’s largest supermarket chains.

As Nascent continues to expand, the company is pursuing additional acquisition opportunities from smaller Mexican-based distributors, researching and delivering Mexico’s specialty products to a growing market.

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From Cheese Business to Big Business, Nascent Foodservice, Inc. (NCTW.OB) Demands Lead Role in Mexico’s Food and Beverage Industry

Tuesday, January 8th, 2008

In order to establish itself as a highly positioned food and beverage distributor in Mexico, Nascent Foodservice, Inc. (OTCBB: NCTW) focuses on business strategy and acquisition, targeting the most profitable and viable businesses in Mexico.

Founded in 2001, Nascent has grown from a family owned cheese business to become the only broad-line nationwide distributor of imported food and beverage products in Mexico. The company currently services more than 8,000 hotels, restaurants, supermarkets, convenience stores and foodservice accounts such as Wal-Mart, Costco, Soriana, 7-ELEVEN and more.

To accommodate its leading role in a growing market, Nascent is expanding its distribution facilities. In December 2007 Nascent announced the opening of a new distribution center in Mexico City. The 30,000-foot warehouse will facilitate distribution of more than 2,000 products and will allow the company to consolidate operations and reduce expenses.

According to a recent CCM Research Report, if Nascent stays on track the company has what it takes to remain a demanding presence in Mexico’s food and beverage industry. The company’s scalable business model, proven fast revenue growth, lack of long-term debt, combined with operations in Mexico City, exclusive distribution rights and experienced management are great advantages in a highly competitive market.

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Nascent Food Service, Inc. (NCTW.OB) – Just like Americans do it

Thursday, January 3rd, 2008

Mexico is emerging as a very very popular travel destination for middle and upper class Americans and for some very sound reasons. One is that the cost of living and the cost of consumer items is low in comparison, and then of course there is the history, scenery, and quality destinations to be found. Thousands of miles of white sand beaches, world class fishing, mountains, and a host of natural scenic wonders draws millions of visitors annually.

It is not a coincidence that Nascent Inc. decided that they would capitalize on all that tourism and the side effect benefits of it by launching a world class food service and distribution company in country. The food distribution system in Mexico is fragmented throughout, and is mainly carried out by small family owned businesses. However, this is a case where the sum is considerably greater than the parts. With some 25,000 small independent food service distributors, each with sales averaging approximately 1.5 million annually, the industry is ripe for consolidation .

According to the Secretary of Tourism in Mexico, there are some 12,000 hotels and an astounding 225,000 Restaurants in Mexico. That’s big scale business opportunity and Nascent has determined that servicing all those hotels and restaurants, along with the thousands of small grocery type stores, is a business whose time has come. We certainly agree.

In a paper put out by the US Department of Agriculture, the hotel, restaurant and institutional food service sector in Mexico had annual sales of $46 billion in 2003, and experienced growth in each successive year since. As impressive as that number is, it doesn’t take into account the spectacular growth of Mexico’s burgeoning younger and upwardly mobile class. With over 50% of the Mexican population aged 24 years or younger, and a strong American cultural influence due to television, movies and the Internet, demand for American prepared foods and beverages among young Mexicans is rising. As a result, companies that distribute American food and beverages are benefiting from robust demand for their products.

Nascent has coupled the strong demand from hotels, restaurants and grocers with demographic demand from the millions of young Mexicans with an urge to imitate American culture. This combination is proving to be quite spectacular in scope, and paves the way for tremendous opportunities to bring product and services to this market. Nascent is laying the groundwork to be a major force in providing these products and services to a Country hungry for all things American. From their distribution pact with Miller beer to their acquisition of Palermo Italian foods, Nascent is a one stop shop for bringing the tastes of America to all of Mexico.

Mexico is a large country with a lot of people, and the opportunity to take a commanding lead in this industry is just what Nascent is positioning for. Investors may wish to position themselves in Nascent and take the ride, it could be quite rewarding.

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Nascent Foodservice Inc. (NCTW.OB) Obtains 18-24 Month Price Target of $3.00 and “Speculative Buy” Rating

Thursday, January 3rd, 2008

Nascent Foodservice, which is in the early stages of development, is currently Mexico’s largest importer of food products. Currently they are seeking an aggressive growth strategy by acquiring other distribution centers and consolidating operations to reduce fixed costs. Having recently acquired Pasani Foods and Groupo Sur Promociones located in Mexico City, Mexico; the company now has access to Mexico City’s 19 million residents. There is many more opportunities within the Mexican market to buy other distribution centers and consolidate as they are over 25,000 smaller distribution centers nationwide.

What makes them so attractive is their ability to buy competitors at 2-4 times earnings when other food distribution centers in mature markets trade at 20-23 times earnings. This is due to the incredible amount of fragmentation in the Mexican food distribution market. This enables Nascent to quickly consolidate the industry and gain a larger distribution area.

Today they trade at a Price to Sales multiple of $2.34 – one of the best valuation methods for young companies like Nascent. The stock trades around .40 at this time, down from its 52 week high of $1.84. CCM Research has issued a speculative buy with a price target at $3.00 based on the Price to Sales Ratio and Price to Earnings Ratios.

Nascent Food Service Inc. stands as the only distributor of imported food and beverage products within Mexico. They distribute and market over 2,000 products nationwide. Currently they hold exclusive rights to distribute Miller Beer products in Baja, California. In addition to that they also imports products from Nestle, Haagen-Dazs, General Mills, Ferrarelle Water, Cora Italian Food Products, Bonafont Water, Avasoft Ice Cream, Mitsuki Asian products, Bonet European products, Kabbalah Energy Drink, and Jolly Rancher Soda.

They service 240,000 sales points including supermarkets, convenience stores and foodservice accounts like Wal-Mart, Costco, Soriana, Comercial Mexicana, AM/PM, 7-ELEVEN, OXXO and much more.

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Nascent Food Service, Inc. (NCTW.OB) – Cronus Capital Markets, Inc. Issues Research Report

Thursday, January 3rd, 2008

Stephanie Loiacono, CFA, research analyst for Cronus Capital Markets, reportedly issued an update report featuring Nascent Food Service. Nascent is the only nationwide distributor of imported products in Mexico. It’s key focus is on importing food in addition to beverage products from around the world using multiple channels including supermarkets, convenience stores, independent retail accounts, restaurants, hotels, and bars.

Nascent Food Service was founded seven years ago and has been committed to its goal of acquiring the most profitable and well positioned distributors in Mexico with the most excellent food and beverage portfolios. Within the report, the analyst stated, “The Company is poised to benefit from the large and growing import market in Mexico, as well as its exclusive distribution agreements and smart acquisition strategy in a consolidating industry.”

She continued to say, “NCTW shares look attractively priced to us at current levels, with more upside potential than downside risk.” A copy of the full report can be found at the following link: Nascent Food Service, Inc. Research Report

Cronus Capital Markets is a global investment information firm that is focused on strategically producing and introducing information on equity market opportunities through multiple forms of analytics and worldwide distribution. The firm’s equity indexes are internationally known and are characterized with key new benchmarks of growth.

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