Nascent Foodservice, Inc. (NCTW.OB)

OTC Bulletin Board / Nascent Foodservice, Inc. (NCTW.OB)

Last Post:  on 5/27/2008 1:52:14 PM | 12 Total Posts

Posted by:
Michae

04/09/2008
18:22:26 PM

Nascent Foodservice, Inc. (NCTW.OB) - Dynamic Growth Requires a Dynamic Financial Officer 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.Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

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Michael
4/16/2008 2:19:38 PM

Nascent Foodservice, Inc. (NCTW.OB) Uses Fold-in Acquisitions to Leave Footprint in Mexican Distribution 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.Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
4/24/2008 3:55:09 PM

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

 

 

 

Michael
5/2/2008 7:10:20 PM

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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/7/2008 3:17:55 PM

Nascent Wine Company Inc. (NCTW.OB) - One of Mexico’s Fastest-Growing Importers 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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/8/2008 5:39:34 PM

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.”Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/8/2008 5:41:25 PM

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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/15/2008 8:58:34 PM

Nascent Foodservice Inc. (NCTW.OB) Recently Announced Distribution Agreement with Bond Laboratories, Inc. 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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/17/2008 1:38:54 AM

Nascent Foodservice, Inc. (NCTW.OB) Employs Winning Strategy of Growth through Acquisition 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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/21/2008 1:49:08 PM

Nascent Wine Company Inc. (NCTW.OB) Management Has Got What it Takes 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. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/22/2008 2:01:14 PM

Nascent Foodservice Inc. (NCTW.OB) Announces Distribution Agreement with ROCKSTAR Inc. Nascent Wine Company, Inc. (NCTW.OB) announced that it has entered into an agreement with ROCKSTAR Inc., the manufacturer of Rockstar Energy Drink. The agreement will make Rockstar Energy available at Nascent’s 240,000 established points of sale throughout Mexico. Nascent is the only national distributor who provides imported products throughout Mexico via supermarkets, convenience stores, and food service establishments like AM/PM, OXXO, Wal-Mart, Costco, Soriana, and 7-Eleven. The Rockstar Energy Drinks are created to provide an extra boost of energy for those who lead an active lifestyle. The drinks are lightly carbonated and enhanced with an herbal blend of ginseng, guarana, ginkgo, and milk thistle. The line of drinks consists of Original Rockstar, Sugar Free, Zero Carb, Juiced-Mango, Juiced-Guava, Juiced-Pomegranate, Punched, and Roasted flavors. ROCKSTAR actively markets their brand at music festivals and extreme sporting events, like BMX, off-road racing, motocross, surfing, and volleyball. “We’re excited to expand our leading beverage offering with Rockstar Energy drink, one of the most recognized brands in the USA and one of the fastest growing energy drinks in the world. We believe our extensive distribution network combined with our marketing expertise will enable us to achieve the same strong growth in the Mexican market as other markets around the world have enjoyed,” stated Sandra Piancone, CEO of Nascent. The beverage industry is one of Mexico’s fastest-growing segments, with energy drinks playing a tremendous role in the growth of this area. The key consumers of energy drinks are Mexico’s young, who continue to imitate US trends and fashions. “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 Rockstar Energy drink brings to Nascent,” concluded Piancone. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

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