SOURCE: Bergio International

Bergio International

December 02, 2011 10:00 ET

Bergio International Launches Boutique in Russia

FAIRFIELD, NJ--(Marketwire - Dec 2, 2011) - Bergio International (OTCBB: BRGO) announced today that they have opened another Bergio Boutique in a newly opened Estet Jewelry Store in Petrozavodsk, Karelia, Russia. Estet Jewelry Company is one of the largest jewelry manufacturers in Moscow with approximate revenues of over $200 million. Berge Abajian, CEO of Bergio International, stated, "We are very pleased with the continued expansion in Russia which gives Bergio International a strong global presence."

At a recent appearance, Berge Abajian, CEO of Bergio International, was asked again about the stock price of Bergio International. Berge Abajian stated, "The stock price is extremely undervalued. Our stockholder's equity is over $1 million and our market cap is half of our stockholder's equity. The stock should be at least 5-10 times its current position. Our asset to liability ratio is a 2.1:1 ratio as of today and the shareholder's equity is higher than it has ever been. Our financial position is very strong. We are in the final stages of finalizing our funding which will allow us to execute our business plan. Once the funding is finalized an announcement will be made."

About Bergio International, Inc.

Bergio International, Inc. is a leading jeweler creating one of the world's largest diversified jewelry designers and manufacturers 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 as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities in the United States and Italy. For more information about our Company, please visit our website at www.bergio.com or our Facebook page at www.facebook.com/bergio1.

Forward-Looking Statement:

The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

Contact Information

  • Contact:

    Bergio International, Inc.
    Investor Relations
    973-227-3230