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Nascent Wine Company Inc. (NCTW)
Nascent Foodservice, Inc. (NCTW.OB) to Hold Conference Call on April 21, 2008 to Discuss 2007 Financial Results
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.
Nascent Food Service, Inc. (NCTW.OB) Distributes Global Brand Names to Mexico 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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net
Nascent Food Service, Inc. (NCTW.OB) - Importing Foods and Beverages South of the Border
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.
Nascent Foodservice, Inc. (NCTW.OB) and Bond Laboratories, Inc. (BNLB.OB) Announce Innovative Distribution Agreement
Bond Laboratories, Inc. (OTCBB: BNLB) is a leading marketer and developer of healthy food and beverages. 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.”
Nascent Foodservice, Inc. (NCTW.OB) - Exclusive Importer of Major Brands to Mexico
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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