Nascent generated revenues of $15,315,000 compared to $9,933,000 for the six months ended June 30, 2007 and 2006 respectively. The increase is due primarily to the increase in sales of Miller Beer, the distribution contract we acquired in May 2006 and the increase in sales of the companies we acquired during the last year.
Gross profit for the period ended June 30, 2007 was $2,183,000 (17%) of sales as compared to $146 of sales for the same period in 2006. In addition to increasing sales volumes the Company is also striving to increase the percentage of gross profit.
Gross profit for the period ended June 30, 2007 was $3,188,000 (21%) of sales as compared to $3,142,000 (31%) of sales for the same period in 2006. The reason for the higher gross profit percentage in 2006 was the result of Pasani\Eco Pac higher rate of gross profit percentage in 2006 as compared o 2007. In addition to increasing sales volumes of the subsidiaries the Company is also striving to increase the percentage of gross profit.
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