Nascent Wine Company, Inc. (NCTW.OB), dba Nascent Foodservice, Inc. reports that on June 28, 2007 it completed a common stock offering of 27,247,500 shares through Brookstreet Securities.
Gross proceeds of the offering were $11,299,000, and the net proceeds from the offering to Nascent were $9,830,130.
Sandro Piancone, CEO of Nascent Foodservice, stated, “This financing enables Nascent to execute its business plan ahead of schedule, and position Nascent to take the next steps in becoming the one of the largest food distributors in Mexico.”
Nascent Foodservice is quickly becoming a leading food and beverage distributor throughout Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products.
Nascent strives to be the leading food and beverage distributor in Mexico and the only national broad-line importer of products into Mexico.
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