Nascent Foodservice, Inc. Appoints Thomas J. Soucy to Board of Directors
August 19 2008 - 3:11PM
Business Wire
Nascent Wine Company, Inc. (OTCBB: NCTW), dba Nascent Foodservice,
Inc., the only nationwide distributor of imported products in
Mexico, announced today that Thomas J. Soucy, has been appointed as
an independent member of the Company's Board of Directors,
effective August 19, 2008. Mr. Soucy was also appointed to the
Board�s Audit Committee as a financial expert. �Tom is great
addition to our Board of Directors as he brings over thirty years
of corporate finance and accounting experience with public and
private entities,� said Sandro Piancone, Chief Executive Officer of
Nascent Foodservice. �We welcome the financial expertise that Tom
brings to the Board and look forward to benefitting from his many
years of industry experience and insight as we build upon our
position as the leading distributor of imported products in
Mexico.� Mr. Soucy currently serves as Corporate Controller of
North American Scientific, Inc. (NASDAQ: NASM), a publicly-traded
developer of medical devices. Prior to joining North American
Scientific, from January 2005 to December 2006, he served as a
consultant to various publicly-traded companies with the Robert
Half, Inc. Consulting Group, and prior, from March 1998 to July
2003, as a Principal in his private practice as a Certified Public
Accountant and Consultant. Mr. Soucy has also held positions as
Chief Financial Officer, Chief Operating Officer, Controller and
Financial Reporting Specialist for a number of entities in the
private and public arenas. Mr. Soucy earned his B.S. degree in
Accounting from the University of Massachusetts in Lowell,
Massachusetts and his M.B.A. from Loyola Marymount University in
Los Angeles, California. About Nascent Foodservice, Inc. Nascent
Wine Company, Inc. dba Nascent Foodservice is the only nationwide
distributor of imported products in Mexico, marketing and
distributing over 2,000 national and proprietary brand food and
non-food products. Nascent Foodservice also has the exclusive right
to distribute Miller Beer in Baja California, Mexico. In addition,
Nascent sells select products from Nestle, Ferrarelle Water, Cora
Italian Food Products, Mitsuki Asian products, Bonet European
products, Rockstar Energy Drink and Fusion Energy Drink and Jolly
Rancher Soda, Spark�s energy drink, Nery�s cheese products, among
others. Nascent is focused on acquiring the most profitable and
well positioned distributors in Mexico with the best food and
beverage portfolios in the country. Nascent is currently servicing
over 240,000 sales points including supermarkets, convenience
stores and foodservice accounts like Wal-Mart, Costco, Soriana,
Comercial Mexicana, AM/PM, 7-ELEVEN, OXXO and many more. Nascent
Foodservice trades on the OTC Bulletin Board as Nascent Wine
Company, Inc., ticker symbol NCTW.OB. For more information about
Nascent Foodservice, go to www.nascentfoodservice.com. Forward
Looking Statements Statements made in this press release that
express the Company's or management's intentions, plans, beliefs,
expectations or predictions of future events, are forward-looking
statements. Those statements are based on many assumptions and are
subject to many known and unknown risks, uncertainties and other
factors that could cause the Company's actual activities, results
or performance to differ materially from those anticipated or
projected in such forward-looking statements. In light of
significant risks and uncertainties inherent in forward-looking
statements included herein, the inclusion of such statements should
not be regarded as a representation by the Company that it will
achieve such forward-looking statements. For further details and a
discussion of these and other risks and uncertainties, please see
our most recent reports on Form 10-KSB and Form 10-QSB, as filed
with the Securities and Exchange Commission, as they may be amended
from time to time. The Company undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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