Nascent Wine Company, Inc. Announces $8 Million Investment

Nascent Wine Company, Inc., dba Nascent Foodservice, the only nationwide distributor of imported food and beverage products in Mexico, announced recently that it had received an $8 million investment from York Capital Management. The investment is expected to accelerate Nascent’s growth and strengthen its strategic position as the only nationwide food distributor in Mexico.

“Nascent is Mexico’s only nationwide independent food and beverage distributor, and is well-positioned to take advantage of the opportunities presented in this highly fragmented market,” said Bill Vrattos, Senior Managing Director at York. “Nascent has a high quality management team and we look forward to working closely with them to build upon their already impressive accomplishments.”

“We are extremely pleased to partner with an institution of the caliber of York,” stated Sandro Piancone, CEO of Nascent Foodservice. “This investment enables Nascent to continue to execute its strategic plan of acquiring quality companies and expanding its market penetration throughout Mexico.”

A full description of the securities issued to York can be found in the 8-K that is being filed with the SEC concurrent with this press release.

Nascent is a leading food and beverage distributor in Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. Nascent also has the exclusive right to distribute Miller Beer in Baja California, Mexico. In addition, Nascent sells select products from Nestle, Haagen-Dazs, General Mills, Ferrarelle Water, Cora Italian Food Products, Bonafont Water, Bonet, Mitsuki, Avasoft Ice Cream, Kabbalah Energy Drink, and Jolly Rancher Soda. Nascent is focused on acquiring profitable, well positioned distributors in Mexico with quality food and beverage portfolios, selling to over 7,000 sales points including supermarkets, convenience stores and foodservice accounts.

For more information, please visit www.nascentfoodservice.com