SOURCE: Bergio International

Bergio International

July 30, 2014 11:08 ET

Bergio International Announces Several Updates

FAIRFIELD, NJ--(Marketwired - Jul 30, 2014) -  Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces several updates.

The company recently received a document from the DTCC that its stock has been chilled once again. The company's legal team is currently working toward lifting the chill, and anticipates resolving the issue within the next 60 days. 

On July 2, 2014 a meeting took place between Bergio International and Sterling in Akron, Ohio in order to negotiate a test program of the new Bergio Bridal collection in 30 of their stores. The meeting concluded with Sterling picking up four bridal designs, and documents are currently being submitted for approval to initiate the test order. The initial test order will be approximately $100,000.

As of recently, Bergio has been involved in a private label program with a medium size wholesaler. As of today, part of the order has been delivered. The management evaluated their existing order with us, as well as future continuing orders at $50,000.

The company has been working very diligently toward building and preparing the very first brick-and-mortar Bergio Boutique. The store opening is still planned for the fourth quarter of this year.

Berge Abajian, CEO of Bergio, stated, "I know that many shareholders are frustrated, and I understand their qualms about the stock price. Even with these recent obstacles in our midst, Bergio will continue to move forward by creating multiples paths of revenue through the brick-and-mortar store, the private label program, and the new test order with Sterling. We believe that growth would be better achieved by diversifying our business model through different avenues, as a supplement to our existing business model."

He concluded, "We are currently in the final stages of negotiation with a funder who agreed to purchase our existing note, as well as additional funding for future expansion. Further details will be published once the deal is concluded."

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
    www.bergio.com