Nascent Wine Company, Inc. dba Nascent Food Service Inc. Inks LOI to Acquire Large Mexican Firm with 4,500 Employees
Nascent Wine Company, Inc. (NCTW.OB), dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, reports that it has signed a Letter of Intent (LOI) to acquire Grupo Sur Promociones de Mexico S.A. de C.V. Grupo Sur Promociones de Mexico S.A. de C.V. (GSP) is one of the largest Field Marketing and Below the Line Marketing (BTL) organizations in Mexico with 4,500 employees servicing 180,000 retail accounts, including convenience stores and every supermarket chain. GSP's expertise includes launching new products, merchandising, promotions, sampling, sales and marketing of retail products. Its revenues ending December 31, 2006…