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Article: Nascent Foodservice Announces Preliminary 2007 Revenue Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 25, 2008
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Company Expects to Achieve Record Revenue in the Range of $37 to $40 Million for Full Year 2007
SAN DIEGO -- Nascent Wine Co. Inc. (OTCBB:NCTW) (dba Nascent Foodservice), today reported preliminary revenue for the fourth quarter and full year ended December 31, 2007 and significant business achievements in 2007.
The Company expects to report revenue for the fourth quarter 2007 of approximately $16.5 to $17 million an increase of five-times fourth quarter 2006 revenue of $3.5 million. For the year ended December 31, 2007, revenue is expected to be approximately $37 to $40 million, or an eight-times increase compared to revenue of $4.7 million. The ...