SOURCE: Bergio International

Bergio International

November 20, 2013 09:30 ET

Bergio International Announces Third Quarter Results

FAIRFIELD, NJ--(Marketwired - Nov 20, 2013) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announced today its results for the third quarter which ended on September 30th, 2013.

For the third quarter, which ended on September 30th, 2013, the Company reported revenues of $474,805 as compared to $525,609 for the same period in the prior year. This comparable decline in relation to the prior year is due to the lack of the large Ultra Diamonds order acquired during the same time last year.

Bergio's loss from operations was $33,039 compared to a profit of $46,569 for the same period last year, due to the continued investment in marketing and sales as mentioned in a previous press release as well as the cost of various legal fees.

Our asset to liability ratio is 4:1, which is the highest in the company's history, and the company's liability has decreased by $638,652 as well as an increase in the company's working capital by $439,271. The stockholder equity increased by $644,383 since the start of 2013 to $2,151,179.

Berge Abajian, CEO of Bergio, stated, "I am satisfied with the quarterly result when faced with the challenge of meeting last year's numbers which included the figures from the large Ultra Diamonds order. Our outlook for the year is looking good, and the company is working diligently in order to meet and surpass the results from the same time in the previous year. I would like to bring to the attention of the shareholders that my full commitment to improve the balance sheet is close to fulfillment as can be seen in the aforementioned numbers. This, in turn, is making Bergio less dependent on convertible financing which we have not used as of September 1st, 2013 as previously stated."

He continued, "I would like to report that we have filed with the SEC to lift the chill on November 8th, 2013 and currently wait for their review."

We encourage everyone to read our full results of operations contained in our Form 10-Q filed on November 19th, 2013 at sec.gov.

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 Ext 13
    www.bergio.com