Press Release Summary = Nascent Wine Co - Acquiring small to medium-sized beverage and food distributors in Mexico
Press Release Body = BeverageStocks.com New Featured Food and Beverage Company, Nascent Wine Co. Inc. Targets Mexican Food Service Industry
Nascent Wine Co - Acquiring small to medium-sized beverage and food distributors in Mexico
POINT ROBERTS, Wash., DELTA, B.C. June 12, 2006 - InvestorIdeas.com's sector portal BeverageStocks.com, a leading investor and industry portal for the beverage industry, announces new featured food and beverage company Nascent Wine Co. Inc. (OTCBB: NCTW), one of Baja California's largest food service distributors. Nascent's strategy is to take the lead in consolidating the $46 billion Mexican food service distribution market by acquiring smaller distributors and expanding into new markets and industries.
Nascent recently signed an agreement with Piancone Group International Inc. (PGI), a company with 40 years experience in the food industry, to acquire its assets and infrastructure. Nascent, under its new structure, markets and distributes over 1,400 national and proprietary brands to over 1000 customers including hotels, restaurants, grocery stores, bakeries, pizza shops and convenience stores.
The company recently acquired the exclusive Miller Beer distribution rights for Baja California, Mexico including: Tijuana, Mexicali, Rosarito, Ensenada, La Paz and Cabo San Lucas. Other well-known name brands it distributes include Welch\'s, General Mills, Nestle Candy, Haagen-Dazs Ice Cream, Hershey\'s, M&M\'s, Rock Star Energy Drink, MOTT\'S, and Bakemark Bakery Supplies.
Company President, Sandro Piancone, commenting on his business strategy for growth and acquisition stated, \"This acquisition will allow us to achieve a major foothold in the $46 billion food service industry. PGI\'s infrastructure is perfectly suited to roll out our new Miller Beer distribution contract. We will continue striving to acquire strong companies such as PGI that will help us to become one of the leading food distributors in Mexico.\"
Featured Company: Nascent Wine Co. Inc. (OTCBB: NCTW) Nascent Wine Co. Inc. (OTCBB: NCTW) is charting a course to become one of the up-and-coming leaders in the beverage and food industry in Mexico. The company is the exclusive distributor of Miller Beer in Baja California, Mexico. The company plans to continue acquiring small to medium-sized beverage and food distributors in Mexico. For More Info: http://www.beveragestocks.com/CO/NCTW/Default.asp (BeverageStocks.com is compensated by NCTW as disclosed in disclaimer)
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