Nascent Foodservice, Inc. (NCTW.OB) Announces Fourth Quarter and Full Year 2007 Results
Nascent Wine Co Inc. (dba Nascent Foodservice) reported its fourth quarter and full year results ended December 31, 2007, as well as 2008 growth opportunities. Highlights of 2007 included: the addition of 4,700 employees; the addition of more than 6,800 new retail accounts, including Wal-Mart, Sam’s Club, Costco, HEB, Soriana, Gigante, Smart and Final; an expanded private label / proprietary product line totaling more than 200 items; and the completion of three major acquisitions. Commenting on the results, Sandro Piancone, CEO of Nascent Foodservice, stated, “We entered 2007 with a goal of expanding our platform to market and distribute food…