SOURCE: Bergio International

Bergio International

October 14, 2014 14:09 ET

Bergio International Announces Personal Message From CEO

FAIRFIELD, NJ--(Marketwired - Oct 14, 2014) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces a personal message from the CEO, Berge Abajian.

Berge Abajian, CEO of Bergio International, stated, "A reverse split in stock that was initiated on 8/22/14 became effective on 10/14/14, which brought forth a 1:1,000 reverse stock split of the company issuing an outstanding share of common stock.

"Before considering this decision, every possibility was explored. Due to the stock price and confronting a no bid price on several occasions, the board of directors saw no alternative but to execute this course of action.

"As everyone is aware, we have a commitment for a new funder. This funder has assumed the previous liability on the books. They have also committed to the company for $500K for future expansion. This decision covers two elements simultaneously; company financials and stock price.

"The company is in full control and has reversed the company stockholder equity in the past 3 years from negative to positive. This is something we can control. On the other hand, we cannot control the way in which the stock price reacts and how people trade the stock. Sometimes stock price and company performance are inversely proportional. In the case of Bergio, the company balance sheet has greatly improved, although the stock price does not reflect this significant improvement.

"Bergio is looking toward the future through a different lens than others within the industry. We are looking for solid growth and do not want to repeat previous errors. We wish to step away from test orders, which only put financial pressure on the company with no guaranteed end; and instead focus on different methods, which generate guaranteed sales.

"I would like to pass on some information that I am working on. In addition to our existing expansion in retail, we are looking to expand into duty free shops around the world as well as in conjunction with the airline industry. In March of 2015 we will be participating for the first time at a duty free trade show in Florida.

"I understand that the reverse was harsh and unexpected. But sometimes, harsh decisions must be made in order to sacrifice for the future. Unseen circumstances arise which we must overcome without giving up. I will never quit on Bergio, and refuse to leave any stone unturned. Feel free to call the office and set up an appointment at any time to address any concerns."

About Bergio International, Inc.

Bergio International, Inc. is a leading jeweler creating a diversified jewelry designer and manufacturer through acquisitions and consolidation in the estimated $160 billion a year highly fragmented independently owned jewelry industry. Bergio currently sells its jewelry to approximately 50 jewelry retailers across the United States. Bergio has manufacturing control over its line through its manufacturing facility in New Jersey, as well as subcontracts with facilities in the United States and Italy.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information

  • Contact:
    Bergio International, Inc.
    Investor Relations
    973-227-3230 Ext13