SocialPicks.com: Recent activities for NCTW

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

quality stocks — Thu, 15 May 2008 20:58:01 -0000

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) to Hold Conference Call on April 21, 2008 to Discuss 2007 Financial Results (NCTW, rated BUY)

quality stocks — Thu, 17 Apr 2008 19:39:55 -0000

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) Posts Record Revenues in 2007, Along with Major Milestones (NCTW, rated BUY)

quality stocks — Tue, 08 Apr 2008 21:24:02 -0000

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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Nascent Wine Company Inc. (NCTW) is a BUY

quality stocks — Fri, 25 Jan 2008 02:47:33 -0000

BUY rating on Nascent Wine Company Inc. (NCTW)

Start Price: $0.35
Start Date: 01/25/2008