Google Finance - https://www.google.com/finance?cid=718200
Investing Businessweek - http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=NCTW
Bloomberg - http://www.bloomberg.com/quote/NCTW:US
Reuters - http://www.reuters.com/finance/stocks/companyProfile?symbol=NCTW.PK
NCTW.OB Announces Positive First Quarter 2008 Results
Nascent Wine Company Inc. (NCTW.OB), dba Nascent Foodservice Company Inc., announced its financial results for the period ending March 31, 2008. Sandro Piancone, CEO of Nascent, said, “We made solid progress during the first quarter, as our financial results met plan, we further expanded our platform of leading brands and began to drive leverage in our infrastructure.”
Net Sales for the first quarter 2008 were reported at $16 million. The numbers reflect a 300 percent increase compared to the $5.1 million reported for the first quarter 2007. The company stated the increase was due mainly to the three acquisitions completed in 2007.
Gross profit improved from $1.9 million in the first quarter of 2007 to $2.8 million for the first quarter 2008. The increase of 191 percent is again due primarily to the three acquisitions. The ratio of gross profit to revenue has remained steady at 19 percent in the first quarter 2007 and 18 percent in the first quarter 2008.
Operating expenses were reported at $3.6 million for the first quarter of 2008, or 23 percent of revenue. Contributing factors to the increase in operating expenses are the improved infrastructure Nascent put in place after the three acquisitions were completed in 2007. The company added 17 distribution centers, leased 48 new trucks and distribution equipment, and increased its finance department. For the same period in 2007, the company’s operating expenses were $1.6 million, which was 30 percent of revenue. Even with the additional infrastructure costs, the company was able to decrease expenses by 7 percent compared to the same period last year.
The increased sales and decreased operating expenses contributed to the improvement in the company’s net loss which was reported at $0.3 million, or $0.01 per diluted share. For first quarter 2007, the company reported a net loss of $1.1 million, or $0.02 per diluted shared.
“During the first quarter we entered into two new distribution agreements including Fusion Energy Drink which is under exclusivity, and Rockstar Energy Drink. Our continued focus on securing distribution rights to desirable and recognizable products should enable us to secure increased gross margin dollars and command higher operating margins going forward. In addition, we focused our efforts on increasing efficiencies within our operations by consolidating warehouses, making delivery routes more profitable by eliminating redundant routes and adding more products to our trucks and leveraging our corporate infrastructure. With the majority of our infrastructure investments completed, we expect to further leverage our operating expenses over an expanded revenue base throughout 2008,” commented Piancone.
The company has about $7 million of trade receivable assets and believes that it has sufficient current assets to meet its cash needs for the remainder of the fiscal year. In the event that additional funds are needed, the company is speaking with several lending institutions regarding a working capital credit line and additional financing.
Piancone concluded, “Looking ahead to the remainder of 2008, we will continue to leverage our position as the first nationwide distributor in Mexico to attract additional leading brand names and increase our market share within the highly fragmented Mexican foodservice marketplace.”
On
July 12, 2010, Sandro Piancone, our Chief Executive Officer and a
member of our Board of Directors, gave notice of his resignation as
Chief executive Officer but has remained on the Board of Directors
effective July 12, 2010.
.
Report of unscheduled material events or corporate changes.
06/09/2009
NASCENT WINE COMPANY, INC.; and INTERNATIONAL FOOD SERVICE SPECIALISTS, INC., Plaintiffs,
http://www.leagle.com/decision/In%20FDCO%2020110309E67
Strange
.
Investing Businessweek - http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=NCTW
Bloomberg - http://www.bloomberg.com/quote/NCTW:US
Reuters - http://www.reuters.com/finance/stocks/companyProfile?symbol=NCTW.PK
|
QualityStocks
|
Tuesday, May 27, 2008 9:49:46 AM | ||
| Re: None | Post # of 227 |
Nascent Wine Company Inc. (NCTW.OB), dba Nascent Foodservice Company Inc., announced its financial results for the period ending March 31, 2008. Sandro Piancone, CEO of Nascent, said, “We made solid progress during the first quarter, as our financial results met plan, we further expanded our platform of leading brands and began to drive leverage in our infrastructure.”
Net Sales for the first quarter 2008 were reported at $16 million. The numbers reflect a 300 percent increase compared to the $5.1 million reported for the first quarter 2007. The company stated the increase was due mainly to the three acquisitions completed in 2007.
Gross profit improved from $1.9 million in the first quarter of 2007 to $2.8 million for the first quarter 2008. The increase of 191 percent is again due primarily to the three acquisitions. The ratio of gross profit to revenue has remained steady at 19 percent in the first quarter 2007 and 18 percent in the first quarter 2008.
Operating expenses were reported at $3.6 million for the first quarter of 2008, or 23 percent of revenue. Contributing factors to the increase in operating expenses are the improved infrastructure Nascent put in place after the three acquisitions were completed in 2007. The company added 17 distribution centers, leased 48 new trucks and distribution equipment, and increased its finance department. For the same period in 2007, the company’s operating expenses were $1.6 million, which was 30 percent of revenue. Even with the additional infrastructure costs, the company was able to decrease expenses by 7 percent compared to the same period last year.
The increased sales and decreased operating expenses contributed to the improvement in the company’s net loss which was reported at $0.3 million, or $0.01 per diluted share. For first quarter 2007, the company reported a net loss of $1.1 million, or $0.02 per diluted shared.
“During the first quarter we entered into two new distribution agreements including Fusion Energy Drink which is under exclusivity, and Rockstar Energy Drink. Our continued focus on securing distribution rights to desirable and recognizable products should enable us to secure increased gross margin dollars and command higher operating margins going forward. In addition, we focused our efforts on increasing efficiencies within our operations by consolidating warehouses, making delivery routes more profitable by eliminating redundant routes and adding more products to our trucks and leveraging our corporate infrastructure. With the majority of our infrastructure investments completed, we expect to further leverage our operating expenses over an expanded revenue base throughout 2008,” commented Piancone.
The company has about $7 million of trade receivable assets and believes that it has sufficient current assets to meet its cash needs for the remainder of the fiscal year. In the event that additional funds are needed, the company is speaking with several lending institutions regarding a working capital credit line and additional financing.
Piancone concluded, “Looking ahead to the remainder of 2008, we will continue to leverage our position as the first nationwide distributor in Mexico to attract additional leading brand names and increase our market share within the highly fragmented Mexican foodservice marketplace.”
| Report of unscheduled material events or corporate changes. | 2 | 08/18/2010 |
.
Report of unscheduled material events or corporate changes.
06/09/2009
In October 2007, the Company acquired all of the outstanding capital stock of
Comerecial Targa, S.A. de C.V. (Targa).
In November 2008 the Company initiated a restructuring of the Company, including
the operations of Best Beer and Targa. This restructuring is still going on....
NASCENT WINE COMPANY, INC.; and INTERNATIONAL FOOD SERVICE SPECIALISTS, INC., Plaintiffs,
v.
PASANI, S.A. DE C.V.; ECO PAK DISTRIBUTING, LLC; ONE SEVEN PROPS, INC.;
ALEJANDRO GUTIERREZ PEDERZINI; and LETICIA GUTIERREZ PEDERZINI,
Defendants
http://www.leagle.com/decision/In%20FDCO%2020110309E67Strange
|
Stock Advocate | Wednesday, October 10, 2012 3:43:39 PM | ||
| Re: None | Post # of 227 |
Nascent closed its doors back in 2008
only to re-open in late 2008 under a new name (Nery's USA -
nerysusa.com). In the process, the original stockholders seized a
Nascent wholly-owned asset (Comercial Targa) and via that company are
now providing import/export and Mexico distribution services to major
food chains (including a leading international pizza chain). The company
now has revenues of over $30M and they have failed to report earnings
to Nascent's original stockholders and investors. Contact stock.advocate@yahoo.com for more information.
Corporate Office:
774 Mays, #10-450
Incline Village, NV 89451
P. 775.338.7060
E.
info@neryslogistics.com774 Mays, #10-450
Incline Village, NV 89451
P. 775.338.7060
Nery's Usa Inc - Chula Vista, California (CA) | Company Profile - Manta
www.manta.com/c/mr54llm/nery-s-usa-inc Traducir esta página
Nery's Usa Inc company profile in Chula Vista, CA. Our free company profile report for Nery's Usa Inc includes business information such as contact, sales and ....
Perhaps Sandro Piancone, CEO of Nascent can explain to Nascent´s shareholders and what legal procedures were used by Nery to acquire the Comercial Targa asset of the company?
.
Publicado el 18/06/2013
We just had our first Mexico CEO Tour last March, see what you missed!
.
Pink Sheets and the OTCBB are competing quotation services for OTC securities. Pink Sheets is a privately owned company, while NASDAQ operates the OTCBB.
The primary difference between the two is that to be quoted on the OTCBB, a company must be required to file reports with the SEC under the 1934 “Filing Reports” Act and that are current in their reports filed with the SEC. Pink Sheet companies do not have to be SEC reporting companies, although some are.
.
Sandro Piancone | LinkedIn
www.linkedin.com/pub/sandro-piancone/59/.../75b Traducir esta página
Chula Vista, California - Chief Mexpert Officer and Author at Mexico Sales Made Easy
View Sandro Piancone's professional profile on LinkedIn. LinkedIn is the world's largest business network, helping professionals like Sandro Piancone discover ...Publicado el 18/06/2013
We just had our first Mexico CEO Tour last March, see what you missed!
mexicosalemadeeasy
.
Caveat emptor /ˌ "Let the buyer beware"
OTC Markets Group Inc. (formerly known as Pink OTC Markets Inc.)
www.sec.gov/answers/pink.htm
09/05/2013 - Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find ....
Pink Sheets and the OTCBB are competing quotation services for OTC securities. Pink Sheets is a privately owned company, while NASDAQ operates the OTCBB.
The primary difference between the two is that to be quoted on the OTCBB, a company must be required to file reports with the SEC under the 1934 “Filing Reports” Act and that are current in their reports filed with the SEC. Pink Sheet companies do not have to be SEC reporting companies, although some are.
1 comment:
The holding in this company was purchased as a result of a glowing report by Beacon Equity : Penny Stocks, Stock Alerts www.beaconequity.com/ if I remember rightly just before the markets collapsed in 2008. There were bullish reports also on Pure Biofuels.
Utilicraft Aerospace Industries Inc. (UITA)& VIASPACE Inc. (VSPC) As they were Pink Sheet stocks we limited the investment to $1000 each thank goodnes. Viaspace Inc is the only company that updates shareholders on a regular basis
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