There is huge news issued by Nascent Wine Company, Inc. (OTCBB: NCTW) dba Nascent Food Service! This is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, striving to become the largest food and beverage distributorship in Mexico, issued a press release Friday after the markets closed, announcing that it has acquired Pasani, and as such, the company has become the first and only nationwide distributor in Mexico specializing in imported products.
With this acquisition Nascent now has 11 strategically located distribution centers in Mexico; Tijuana (2), Cabo San Lucas, Puerto Penasco, Mexicali, Ensenada, Monterey, Mexico City (2), Guadalajara, and Cancun, allowing Nascent to service all of the country's major metropolitan areas.
The company will also now have 3 U.S.-based exportation facilities located in San Diego California, Laredo, Texas and Miami, Florida. The location of these centers allows the company to deliver products efficiently and effectively anywhere into Mexico.
Sandro Piancone, CEO of Nascent, stated, "This is a major milestone in our company's business plan. It effectively completes our geographical coverage throughout Mexico, making Nascent the first national distributor of imported products into Mexico." Mr. Piancone went on to say, "We plan to continue to open or acquire distribution centers in some less populated areas, but as of now we reach over 80% of Mexico's population and almost all of the high tourist areas."
This is great news for NCTW investors! Pasani currently sells and services 95% of the retail grocery and club stores in its market. The company is a Mexican-based company importing and distributing some of the most popular name brand European and Asian food products in all of Mexico. Pasani's product lines consist of more than 200 private labeled and trademarked items under the Bonet and Mitsuki brands. Pasani's current customers are retail chains such as; Wal-Mart, Sam's Club, Gigante, Superama, H.E.B, Calimax and Smart & Final.
This is certainly another company for investors to watch closely! Victor Petrone, President of Nascent, stated, "For all the billions of dollars in food and beverage products imported into Mexico, we are the first and only one-stop-shop for nationwide distribution. That is very powerful in attracting new exclusive product lines." He added, "With Nascent being a U.S.-based company, it adds to the simplicity of doing business for U.S., and most other, suppliers in Mexico."
On Friday, Beacon Equity Research Rated NCTW a 'Speculative Buy,' with a Target Price of $4.00. (see the profile below)
For Stock Market Alert's in-depth profile of Nascent Food Service, visit http://www.WallStreetEnews.com/HotStocks/NCTW051307/default.aspx
About Pasani, S.A. De C.V.
Pasani, S.A. De C.V. is a Mexico-based food importing and distribution company. The 11 year old company imports private label European and Asian food lines into Mexico. Pasani distributes its Bonet and Mitsuki brands to over 6,300 sales points in Mexico from warehouses in Mexico City, Guadalajara, Cancun and Monterey.
About Nascent Foodservice, Inc.
Nascent Foodservice is quickly becoming a leading food and beverage distributor throughout Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. Nascent strives to be the leading food and beverage distributor in Mexico and the only national broad-line importer of products into Mexico. 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, 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, selling to over 7,000 sales points including supermarkets, convenience stores and foodservice accounts. Nascent Foodservice, Inc. trades on the OTC Bulletin Board as Nascent Wine Company, Inc.
Other Stocks of interest:
PepsiCo, Inc. (NYSE: PEP) up 0.6% on 3.6 million shares traded. PepsiCo is one of the world's largest food and beverage companies, with 2006 annual revenues of more than $35 billion.
Fortune Brands, Inc. (NYSE: FO) up 0.06% on 636,000 shares traded. Fortune Brands, Inc. is a leading consumer brands company with annual sales exceeding $8 billion. Its operating companies have premier brands and leading market positions in spirits and wine, home and hardware products, and golf equipment. Beam Global Spirits & Wine, Inc. is the company's spirits and wine business.
DIAGEO PLC ADS (NYSE: DEO) up 0.3% on 401,000 shares traded. Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wines, and beer categories. These brands include Johnnie Walker, Guinness, Smirnoff, J&B, Baileys, Cuervo, Tanqueray, Captain Morgan, Crown Royal, Beaulieu Vineyard and Sterling Vineyards wines.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Nascent Wine Company, Inc. (OTCBB: NCTW). The compensation was fifteen thousand dollars from the company. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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