In previous Conferences the company focused on what they are expected to do, but today they focused on what they have already done, in addition to what they are planning to do.
The President gave a very nice summarization of the company. He reminded shareholders that they are the only nationwide distributor in Mexico, and have products in every Mexican supermarket.
The company was founded 5 years ago, and it became public last year. Nascent has a two prong business plan; first they are going out and making other acquisitions, and second they are speaking to Fortune 500 companies about becoming an exclusive distributor of their products.
The company is planning making acquisitions, and expects significant growth. Nascent should become a profitable business in the third quarter of this year.
During the Conference call, the company revealed that they are planning to up-list to the Nasdaq or AMEX stock exchange. Nascent Food Service is rapidly growing, and their share price reflects that growth as it rises 44% this month.
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