SOURCE: Bergio International

Bergio International

November 03, 2014 09:00 ET

Bergio International Secures Funding

FAIRFIELD, NJ--(Marketwired - Nov 3, 2014) -  Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company"), a leading international jeweler, today announced it has entered into a secured convertible promissory note with Eliad Research & Trading, L.P. for $450,000 which was executed on October 17, 2014. This will serve as a credit line from which the company may draw upon as needed.

Berge Abajian, CEO of Bergio International, stated, "We are very excited to be able to secure this needed extra funding. The terms of this funding are both friendly and non-toxic as these convertible notes can only be converted at a small tranche on a monthly basis. This also presents us with the opportunity to pay it back if we so choose. Our goal has been to establish a friendly long-term relationship with a single funder, as opposed to several funders on potentially toxic terms. We believe our relationship with Eliad serves this goal in terms of our long term funding needs."

About Bergio International, Inc.

Bergio International, Inc. (Bergio.com) 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, subcontracts with facilities in the United States and Italy, and has recently began a retail operation.

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