EX-99.1
7
a07-18650_1ex99d1.htm
EX-99.1
Exhibit 99.1
Nascent
Wine Company, Inc. Completes Acquisition of Grupo Sur Promociones
With
this acquisition Nascent becomes the leading sales, distribution, merchandising
and promotions organization in Mexico, with more than 4,500 full time
merchandisers and promotion personal
SAN DIEGO-(BUSINESS WIRE)-Nascent Wine Company, Inc. (OTCBB: NCTW), dba
Nascent Foodservice, the only national food and beverage sales and distribution
company in Mexico, announced today that it completed its acquisition of Grupo
Sur Promociones de México S.A. de C.V. (GSP).
GSP has been in the Mexican market for 30 years and is one of the
leading field marketing and below the line marketing (BTL) organization in Mexico with 4,500 contract employees
servicing 240,000 retail accounts including supermarkets and convenience
stores. GSP'S expertise includes merchandising, promotions, sampling, retail
data collection, and sales and marketing of retail products.
Both GSP and Nascent are founding members of the Mexico Sales Alliance,
the leading sales group in Mexico concentrating on sourcing, importing,
marketing, selling and distributing products from around the world into Mexico.
www.MexicoSalesAlliance.com
Nascent intends to use GSP's services for itself and every product it
sells and distributes including Miller Beer, Cora Italian Products, Mitsuki
Asian Products, Bonet European Products and Kabbalah Energy Drink..
GSP's 2006 sales were approximately $22 million and it represents
Nascent's largest acquisition to date.
Nascent is quickly positioning itself to become one of the largest
importer and distributors in Mexico and with GSP now adds sales, marketing,
promotion and merchandising of food and beverage to its portfolio.
Sandro Piancone, CEO of Nascent said: "It is an exiting time for our
company, now we can sell and service all of our 8,000 supermarket customers in
Mexico with our own full time employees".
Victor Petrone, President of Nascent expressed "GSP sells to 240,000
independent retail accounts in Mexico and we want to start funneling our
products to all those stores".
Gregory Cowal, President of GSP said "We provide merchandising, sales
and promotions services to some of the largest name brands in the world, now we
can offer the same companies distribution throughout Mexico as part as our
services".
About
Grupo Sur Promociones
Grupo Sur Promociones de México S.A de C. V. is a 30 year old company
servicing 240,000 retail stores and the leading Bellow the Line (BTL) and Field
Marketing organization in all of Mexico with more than 4,500 contracted
employees and 40 satellite offices. It
provides services including merchandising, sampling, retail promotions, retail
data capture, event management, sales and marketing throughout Mexico. GSP services every single supermarket in
Mexico including Wal-Mart, Soriana and Gigante. It also boosts some of the best
names as customers including Proctor & Gamble, WalMart, 20th
Century Fox, General Mills,
Glaxo Smith Kline, CHEP pallets and many others.
www.gspm.com.mx
About Nascent Wine Company, Inc.
Nascent is a leading food and beverage distributor in Mexico, marketing
and distributing over 2,000 national and proprietary brand food and non-food
products. Nascent 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, Bonet,
Mitsuki, Avasoft Ice Cream, Kabbalah
Energy Drink, and Jolly Rancher Soda.
Nascent is focused on acquiring
profitable, well positioned distributors in Mexico with quality food and
beverage portfolios, selling to over 7,000 sales points including supermarkets,
convenience stores and foodservice accounts.
Nascent trades on the OTC Bulletin Board as Nascent Wine Company, Inc.,
ticker symbol NCTW.OB.
Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995:
This news release contains
forward-looking statements within the meaning of the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. These statements are
based upon our current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and uncertainties,
including the recent economic slowdown affecting technology companies, the
future success of our scientific studies, our ability to successfully develop
products, rapid technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive developments and
general economic conditions. Our Annual Reports on Form 10-K, Quarterly Reports
on Forms 10-Q, Current Reports on Forms 8-K and other SEC filings discuss some
of the important risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to revise or
update publicly any forward-looking statements for any reason.
Investor
Relations:
Pilot
Financial Communications Network
Rick
Gean
(480)
247-2142
info@pilotfcn.com

EX - 99 . 1 7 a07 - 18650 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Nascent Wine Company , Inc . Completes Acquisition of Grupo Sur Promociones With this acquisition Nascent becomes the leading sales , distribution , merchandising and promotions organization in Mexico , with more than 4,500 full time merchandisers and promotion personal SAN DIEGO - ( BUSINESS WIRE ) - Nascent Wine Company , Inc . ( OTCBB : NCTW ) , dba Nascent Foodservice , the only national food and beverage sales and distribution company in Mexico , announced today that it completed its acquisition of Grupo Sur Promociones de México S . A . de C . V . ( GSP ) . GSP has been in the Mexican market for 30 years and is one of the leading field marketing and below the line marketing ( BTL ) organization in Mexico with 4,500 contract employees servicing 240,000 retail accounts including supermarkets and convenience stores . GSP 'S expertise includes merchandising , promotions , sampling , retail data collection , and sales and marketing of retail products . Both GSP and Nascent are founding members of the Mexico Sales Alliance , the leading sales group in Mexico concentrating on sourcing , importing , marketing , selling and distributing products from around the world into Mexico . www.MexicoSalesAlliance.com Nascent intends to use GSP 's services for itself and every product it sells and distributes including Miller Beer , Cora Italian Products , Mitsuki Asian Products , Bonet European Products and Kabbalah Energy Drink . . GSP 's 2006 sales were approximately $ 22 million and it represents Nascent ' s largest acquisition to date . Nascent is quickly positioning itself to become one of the largest importer and distributors in Mexico and with GSP now adds sales , marketing , promotion and merchandising of food and beverage to its portfolio . Sandro Piancone , CEO of Nascent said : " It is an exiting time for our company , now we can sell and service all of our 8,000 supermarket customers in Mexico with our own full time employees " . Victor Petrone , President of Nascent expressed " GSP sells to 240,000 independent retail accounts in Mexico and we want to start funneling our products to all those stores " . Gregory Cowal , President of GSP said " We provide merchandising , sales and promotions services to some of the largest name brands in the world , now we can offer the same companies distribution throughout Mexico as part as our services " . About Grupo Sur Promociones Grupo Sur Promociones de México S . A de C . V . is a 30 year old company servicing 240,000 retail stores and the leading Bellow the Line ( BTL ) and Field Marketing organization in all of Mexico with more than 4,500 contracted employees and 40 satellite offices . It provides services including merchandising , sampling , retail promotions , retail data capture , event management , sales and marketing throughout Mexico . GSP services every single supermarket in Mexico including Wal - Mart , Soriana and Gigante . It also boosts some of the best names as customers including Proctor & Gamble , WalMart , 20th Century Fox , General Mills , Glaxo Smith Kline , CHEP pallets and many others . www.gspm.com.mx About Nascent Wine Company , Inc . Nascent is a leading food and beverage distributor in Mexico , marketing and distributing over 2,000 national and proprietary brand food and non - food products . Nascent 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 , Bonet , Mitsuki , Avasoft Ice Cream , Kabbalah Energy Drink , and Jolly Rancher Soda . Nascent is focused on acquiring profitable , well positioned distributors in Mexico with quality food and beverage portfolios , selling to over 7,000 sales points including supermarkets , convenience stores and foodservice accounts . Nascent trades on the OTC Bulletin Board as Nascent Wine Company , Inc . , ticker symbol NCTW . OB . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 : This news release contains forward - looking statements within the meaning of the " safe harbor " provisions of the Private Securities Litigation Reform Act of 1995 . These statements are based upon our current expectations and speak only as of the date hereof . Our actual results may differ materially and adversely from those expressed in any forward - looking statements as a result of various factors and uncertainties , including the recent economic slowdown affecting technology companies , the future success of our scientific studies , our ability to successfully develop products , rapid technological change in our markets , changes in demand for our future products , legislative , regulatory and competitive developments and general economic conditions . Our Annual Reports on Form 10 - K , Quarterly Reports on Forms 10 - Q , Current Reports on Forms 8 - K and other SEC filings discuss some of the important risk factors that may affect our business , results of operations and financial condition . We undertake no obligation to revise or update publicly any forward - looking statements for any reason . Investor Relations : Pilot Financial Communications Network Rick Gean ( 480 ) 247 - 2142 info@pilotfcn.com
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