Company Expects to Achieve Record Revenue in the Range of $37 to $40
Million for Full Year 2007
SAN DIEGO--Feb. 25, 2008--Nascent Wine Co. Inc. (OTCBB:NCTW) (dba Nascent Foodservice), today reported preliminary revenue for the fourth quarter and full year ended December 31, 2007 and significant business achievements in 2007.The Company expects to report revenue for the fourth quarter 2007 of approximately $16.5 to $17 million an increase of five-times fourth quarter 2006 revenue of $3.5 million. For the year ended December 31, 2007, revenue is expected to be approximately $37 to $40 million, or an eight-times increase compared to revenue of $4.7 million. The increase in revenue for the fourth quarter and full year of 2007 is due to three major acquisitions completed during 2007 and organic growth.
The three major acquisitions completed in 2007 were as follows:
(1) Pasani, S.A.de C.V., a distributor of European and Asian food products in Mexico was acquired in May 2007. (2) Grupo Sur Promociones de Mexico, S.A. de C. V. (Grupo Sur), a leading field marketing and below the line marketing (BTL) organization in Mexico was acquired in July 2007. (3) Comercial Targa S.A de C.V (Targa), a leading imported cheese distributor in Baja California, Mexico was acquired in October 2007.Sandro Piancone, Chief Executive Officer of Nascent Foodservice, stated, "Our
record fourth quarter and full year 2007 revenue growth is the culmination of
several significant achievements in 2007. 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
18 and expanded our service footprint to cover all of Mexico's major
metropolitan areas, making Nascent the first and only nationwide distributor in
Mexico."2007 Business Highlights:
-- Expanded branded product lines over 50% to approximately 2,000
brand name items at December 31, 2007 from 1,300 brand name
items at December 31, 2006
-- Increased private label / proprietary product line to more
than 200 private label items
-- Added more than 6,800 new retail accounts in 2007 including
Wal-Mart, Sam's Club, Costco, HEB, Soriana, Gigante, Smart and
Final.
-- Increased distribution centers to 18 from 4, improving our
efficiencies and proximity to our customers
-- Expanded transportation fleet approximately 500% to 35 trucks
from 6
-- Added 4,700 employees
-- Increased our long-term exclusive distribution contracts by
100% from three to six
2007 Acquisition Highlights:
-- Acquired Pasani, S.A.de C.V., a distributor of European and
Asian food products in Mexico, in May 2007. Through the
acquisition of Pasani, Nascent Foodservice added more than 200
private label and trademarked items under the Bonet and
Mitsuki brand names. Also received exclusive distribution
agreements for Reese Brand and Lee Kum Kee. Additionally, the
acquisition grew Nascent's distribution facilities from 7
distribution facilities to 11 distribution facilities,
allowing Nascent to service all of Mexico's major metropolitan
areas.
-- Acquired Grupo Sur Promociones de Mexico, S.A. de C. V. (Grupo
Sur), a leading field marketing and below the line marketing
(BTL) organization in Mexico, in July 2007. Through the
acquisition of Grupo Sur, Nascent Foodservice added 4,500
employees that service every single supermarket and 240,000
retail convenience stores to its customer base.
-- Acquired Comercial Targa S.A de C.V (Targa), a leading
imported cheese distributor in Baja California, Mexico, in
October 2007. With the acquisition of Targa, Nascent
Foodservice added 30 new product lines under the brand names
Nery's and Nery's Choice to its product portfolio.
Mr. Piancone, concluded, "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."
The Company expects to report actual 2007 results during the last week of March 2008.
About Nascent Wine Company Inc.
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 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, Mitsuki Asian products, Bonet European products, Kabbalah Energy Drink, and Jolly Rancher Soda, Spark's energy drink, Nery's cheese products, among 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. 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. Nascent Foodservice trades on the OTC Bulletin Board as Nascent Wine Company, Inc., ticker symbol NCTW.OB. For more information about Nascent Foodservice, go to www.nascentfoodservice.com.Forward Looking Statements
Statements made in this press release that express the Company's or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company that it will achieve such forward-looking statements. For further details and a discussion of these and other risks and uncertainties, please see our most recent reports on Form 10-KSB and Form 10-QSB, as filed with the Securities and Exchange Commission, as they may be amended from time to time. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.--30--
CONTACT: ICR, Inc
John Mills, 310-954-1100
jmills@icrinc.com
Tuesday, February 26, 2008
Nascent Foodservice Announces Preliminary 2007 Revenue Results
Sunday, November 4, 2007
Nascent Completes Acquisition of Comercial Targa
###
Nascent Completes Acquisition of Comercial Targa S.A de C.V, a Leading Imported Cheese Distributor in Baja California
Nascent completed its previously announced acquisition of Comercial Targa and its proprietary brand “Nery’s”, one of the most popular cheese brands in Baja California, Mexico
SAN DIEGO--Nascent Wine Company, Inc. (OTCBB: NCTW), dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, announced today it has completed the acquisition of Comercial Targa S.A. de C.V.
Comercial Targa is a leading imported cheese distributor in Baja California, Mexico. Its products are sold under the brand names of Nery’s and Nery’s Choice, both produced in the U.S. and found in nearly every grocery store and many restaurants throughout Baja.
Sandro Piancone, CEO of Nascent, stated; “With Targa comes one of the most popular cheese brands in Baja. Our plan is to roll out these products to existing chain store customers and new customers in other states. Comercial Targa has done a phenomenal job in a market that represents just 5% of the population. I’m excited to see what we can do with it across the entire country of Mexico.”
Comercial Targa’s sales for 2006 were approximately USD $7,000,000. It has been in business since 1983 and has distribution centers in Tijuana and Mexicali. The company’s primary products are Monterrey Jack, Mozzarella and Cottage Cheese packaged for both retail and foodservice use.
Nascent plans to introduce new product lines under the Nery’s brand names.
The transaction was financed through an additional equity investment from York Capital Management.
“We are excited to be increasing our investment in Nascent” stated Jim Buckman at York Capital Management. “We believe that Targa fits well with Nascent’s strategy of acquiring quality businesses with strong brands, and that Nery’s, one of the most popular cheese brands in Baja, will be an excellent complement to Nascent’s existing suite of products. The acquisition offers the opportunity to expand Nery’s product offering and leverage Nascent’s extensive distribution and merchandising infrastructure to successfully introduce Nery’s to the rest of the Mexican market.”
About York
York Capital Management is an international private investment fund group with over $13 billion of assets under management. York Capital was founded in 1991 by James G. Dinan and has offices in New York, London, Hong Kong and Singapore. York Capital specializes in high quality, value oriented public and private equity investments as well as credit securities.
About Nascent Foodservice
Nascent Wine Company Inc. dba Nascent Foodservice is the only nationwide distributor of imported food and beverage products in Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. Nascent Foodservice also has the exclusive right to distribute Miller Beer in Baja California, Mexico. In addition, Nascent sells select products from Nestle, Ferrarelle Water, Cora Italian Food Products, Bellissimo pizza products, Avasoft Ice Cream, Mitsuki Asian products, Bonet European products, Kabbalah Energy Drink, Jolly Rancher Soda, Spark’s energy drink and now Nery’s cheese products. Nascent is focused on acquiring the most profitable and well positioned distributors in Mexico with the best food and beverage portfolios in the country. 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. Nascent Foodservice trades on the OTC Bulletin Board as Nascent Wine Company, Inc., ticker symbol NCTW.OB.
www.NascentFoodservice.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. Our Annual Reports on Form 10-KSB, Quarterly Reports on Forms 10-QSB, Current Reports on Forms 8-K and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
###
Saturday, October 27, 2007
Nascent and CORA Sponsors the Largest Cesar Salad in the World
Nascent Food Service is the official sponsor of the record breaking Cesar Salad event in Tijuana, Mexico.
SAN DIEGO, Oct. 22 /PRNewswire-FirstCall/ -- Nascent Wine Company, Inc., dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, announced today it is an official sponsor of the Cesar Salad record breaking attempt held in Tijuana, Mexico.
The event, held on October 20, 2007, commemorated the history of the Cesar Salad which was invented in the city of Tijuana, in the state of Baja California in Mexico. The salad was created in the 1920's on Tijuana's main street now called "Avenida Revolution" at the Cesar's restaurant.
The Salad weighing in at 6,000 pounds, broke the Guinness World Record for the largest Cesar Salad in the world. The event included 300 chefs on site plus countless culinary students.
Nascent now participates in this and many other events in Mexico. The company has a large presence in Tijuana through a large subsidiary and Miller Beer distributor, called Best Beer, where it distributes food and beverage to supermarkets, convenience stores and restaurants. Some of these restaurants are participating in the Cesar Salad event organized by CANIRAC, the Chamber of Commerce for restaurants in the city.
Sandro Piancone, CEO of Nascent stated, "We are excited to participate with our customer's some of which are restaurateurs in such a fun event that is really about celebrating the city, people and culture of Tijuana. He added, "We sponsored the event by donating food products from our Cora line that includes extra virgin olive oil and shredded parmesan cheese imported from Italy."
About Nascent Foodservice
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 Foodservice also has the exclusive right to distribute Miller Beer in Baja California, Mexico. In addition, Nascent sells select products from Nestle, Ferrarelle Water, Cora Italian Food Products, Bonafont Water, Avasoft Ice Cream, Mitsuki Asian products, Bonet European products, 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. 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. Nascent Foodservice trades on the OTC Bulletin Board as Nascent Wine Company, Inc., ticker symbol NCTW.OB.
http://www.nascentfoodservice.com/
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including our Annual Reports on Form 10-KSB, Quarterly Reports on Forms 10-QSB, Current Reports on Forms 8-K and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Wednesday, September 19, 2007
Nascent and Ferrarelle Water





Nascent Splashes at the World Water Conference in Mexico CityNascent Foodservice was featured in the World Water Conference in Mexico City this past week of October during the 13th and 14th.
The Water Conference addressed many issues concerning the industry including bottling, marketing, the environment and more.
Nascent was one of only 2 companies showcasing products. Nascent showcased Ferrarelle Water, and Ferrarelle was a keynote speaker during the conference showcasing the benefits of its products and how the have maintained their hold on the Italian market as the Number 1 Water in Italy.
Thanks,
Jorge Olson
Tuesday, August 28, 2007
Nascent Announces Launch of Ferrarelle Water in Mexico
Nascent Wine Company, Inc. (OTCBB:NCTW), dba Nascent Foodservice, the only nationwide distributor of imported products in Mexico, announced today it will begin distribution of Ferrarelle Water exclusively in all of Mexico.
Ferrarelle Water is naturally sparkling spring water from Italy with a hundred years of history. Nascent received the product and is currently launching it to all distribution channels in Mexico including supermarkets, restaurants, bars and hotels throughout all major cities in Mexico.
Nascent will announce the launch of the water in the World Water Conference held in Mexico City from the 12th to the 14th of September of this year where the owner of Ferrarelle Water is scheduled to speak.
“The Mexican water market is the second largest in the world by volume at more than $8 Billion US dollars per year with an incredible annual growth of 30% per year,” said Jorge Olson, a company advisor and Managing Partner of Liquid Brands Management Inc., a beverage consulting firm. He continued by saying that “one of the best areas of expansion in Mexico is in bottled water and mineral water for convenience stores, supermarkets and foodservice where there is a great demand but not much variety or distribution.”
Victor Petrone, President of Nascent Wine Company stated, “The market for beverages in Mexico is fertile. Ferrarelle is prestigious and Italy’s #1 water. We are honored to add this world class brand to our company portfollio.” Mr. Petrone continued, “Expanding our product base gives us the versatility and depth it needs to become a leader in the imported food distribution market for Mexico. Adding quality products such as Ferrarelle only substantiates this model.”
About Nascent Foodservice
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 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, Mitsuki Asian products, Bonet European products, 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. 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. Nascent Foodservice trades on the OTC Bulletin Board as Nascent Wine Company, Inc., ticker symbol NCTW.OB.
www.NascentFoodservice.com
Pilot Financial Communications NetworkRick Gean (Investor Relations), 480-247-2142info@pilotfcn.comwww.pilotfcn.com
Sunday, June 3, 2007
Nascent Miller Beer Copa de Oro Event in Tijuana
Best Beer, the exclusive distributor for Miller Beer in all of Baja California, Mexico finished on Sunday the Copa de Oro Soccer promotion to send a Miller customer all expenses paid to Chicago, Illinois for the Copa de Oro tournament finals.
This was a month long promotion that culminated in the grand final where Miller customers competed for prizes and a chance to go to the grand finale. This large Miller Beer promotional event took place Saturday June 2, 2007 in one of the supermarket chains, Calimax, one of Best Beer’s best customers. Here are some photos from the event…







Press Release: Nascent signs LOI to aquire GSP
With This Acquisition, Nascent Will Be the Leading Sales, Distribution, Merchandising and Promotions Company of Imported Food and Beverage Products in Mexico with More Than 4,500 Full Time Employees
SAN DIEGO, Nascent Wine Company, Inc. (OTCBB: NCTW - News), dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, announced today that it signed a letter of intent (LOI) to acquire Grupo Sur Promociones de Mexico S.A. de C.V.
Grupo Sur Promociones de Mexico S.A. de C.V. (GSP) is one of the largest Field Marketing and Below the Line Marketing (BTL) organizations in Mexico with 4,500 employees servicing 180,000 retail accounts, including convenience stores and every supermarket chain. GSP's expertise includes launching new products, merchandising, promotions, sampling, sales and marketing of retail products. Its revenues ending December 31, 2006 (unaudited) were approximately $25 million US dollars.
This would be the largest acquisition to date for Nascent and it completes its national retail play in Mexico. Nascent now has not only sales and distribution into every supermarket chain in the country, now it has merchandising and promotions as well.
Both GSP and Nascent are two of the three founding members of the Mexico Sales Alliance, www.MexicoSalesAlliance.com the leading sales group in Mexico concentrating on importing, marketing, selling and distributing products from all over the world into Mexico.
The combination of these two companies makes for a new "powerhouse" in the food and beverage market. Nascent will use Grupo Sur's services to market more than 2,000 of its current products, including Miller Beer, Cora Italian Foods, General Mills, Ferrarelle Water, Kabbalah Energy Drink and more. The companies will also cross-pollinate their products and services, offering a variety of solutions to every existing and new customer.
Sandro Piancone, CEO of Nascent, says, "With GSP on our team we achieve yet another milestone in the retail industry. Not only have we built the only nationwide broadline distribution system in Mexico for imported products, but now with merchandising, marketing and promotions, we are truly the only one-stop shop for anyone wanting to sell food, beverage and related products into Mexico." He continued by saying, "Our first step will be to work with Grupo Sur to promote our existing products into accounts they currently service."
Gregory Cowal, President of Grupo Sur, stated, "This is the culmination of 30 years of hard work; we can now be part of one of the largest sales organizations in all of Mexico." Mr. Cowal continued, "This relationship will also greatly benefit our customers. Now they have the first choice for national distribution where before they mixed and matched distribution city by city."
About Grupo Sur Promociones
Grupo Sur Promociones de Mexico S.A de C.V. (dba GSP) is a 30 year old company servicing 180,000 retail stores and the leading Below the Line (BTL) and Field Marketing organization in Mexico with more than 4,500 employees, 12 subsidiaries and 40 satellite offices. It provides services including merchandising, sampling, retail promotions, retail data capture, event management, sales and marketing throughout Mexico. Grupo Sur services almost every supermarket in Mexico including Wal-Mart, Soriana, Gigante. It also boasts some of the most recognized brand names as customers, including Proctor & Gamble, S C Johnson, 20th Century Fox, General Mills, Glaxo Smith Kline, CHEP pallets, Kellogg's and many others.www.GSP.com.mx
About Nascent Foodservice
Nascent Wine Company Inc. dba Nascent Foodservice is the leading food and beverage distributor of imported products throughout Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. 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, Mitsuki Asian products, Bonet European products, 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. Nascent is currently servicing over 7,000 sales points including supermarkets, convenience stores and foodservice accounts. Nascent Foodservice trades on the OTC Bulletin Board as Nascent Wine Company, Inc., ticker symbol NCTW.OB.
www.NascentFoodservice.com
Contact:Pilot Financial Communications NetworkRick Gean, 480-247-2142 (Investor Relations)info@pilotfcn.com

