SOURCE: Bergio International
FAIRFIELD, NJ--(Marketwired - Apr 4, 2013) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announced today the year end results for 2012.
The Company shows a profit from operation of $73,186 which was an increase of approximately $314,193 or 130% from the loss of $241,000 from the same period last year.
The Company reported an increase in revenue of 24.47% for total net sales of $2,017,614 for the year ended December 31, 2012, as compared to $1,621,000 for year ended December 31, 2011. Further, the Company reported that stockholders' equity increased by 23% from $1,223,000 for the fiscal year ended December 31, 2011, to $1,506,096 for the fiscal year ended December 31, 2012. The company also reports an Asset to Liability ratio of 2 to 1.
The Company's working capital has increased by $625,815 to $1,595,272 as of December 31, 2012 from $969,457 for the same period last year. Our assets have increased by $744,081 to $2,927,915 as of December 31, 2012 from $2,183,826 for the same period last year.
Berge Abajian, CEO of Bergio, stated, "I am pleased with this year's end results. I urge all shareholders to examine our financials closely, of which our income from operation in our P&L is the most important line item. Anything below this figure is purely non-cash expenses as well as derivatives expenses which must be recognized due to convertible notes."
He continued, "We are looking forward toward a successful 2013, while continuing on the positive path of 2012. We may have a slow start to the year, but with the current deals in place we should be seeing an exemplary third quarter and on." He added, "I would like to address the concerns of our shareholders regarding dilutions, we are working diligently with many banking institutions to obtain a credit line for the company for working capital, which would minimize or end the dilution. We should be releasing a press release in the near future concerning our mega deal."
About Bergio International, Inc.
Bergio International, Inc. 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.