Nascent has plenty of opportunity in the market they are in. Mexico imports $120 billion in food and beverage products from the US, and Nascent is positioned in a way to take a significant share of the market.
The company’s exclusive distribution agreements with Atlantic International Products, Inc. for the CORA line of Italian foods and condiments, and with Miller Beer Company for the distribution of Miller beer in Baja California provides Nascent with access to large markets and a reliable revenue stream through long term contracts.
Nascent plans on extending its distribution network and its customer base by acquiring new distribution companies and licenses. The company is expected to increase its revenue up towards $96 million by the end of 2007 if all of the three planned acquisitions are completed.
Nascent expects to be cash flow positive, excluding warrant expense, this year. Their goal is to have yearly revenue of $158 million in the next three years.
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