North Coast announces Q1 IPO, but is tight-lipped as to the specifics

The issue prospectus has already been submitted to the Securities and Stock Exchange Commission. "We plan to execute the public offering in the first quarter of 2006," said Giorgio Pezzolato, North Coast deputy president. He declined however from revealing the value of the IPO, as well as its targets. "It is a big distributor, mainly of products of Italian origin. Today, however, its offer is exclusive and niche-targeted. It is possible therefore that the company will use the money to expand its product portfolio," said the president of Wasa Barilla Poland. According to market analysts it is possible that soon part of the company's shares will be acquired by foreign producers of products which are currently distributed by North Coast. (Puls Biznesu, p. 10; Parkiet, p. 3) A.K.