SOURCE: Bergio International

Bergio International

April 16, 2015 09:30 ET

Bergio International Signs LOI to Acquire Majority Stake in One of the Nation's Oldest Fine Jewelers, Robert Fisher Co.

FAIRFIELD, NJ--(Marketwired - April 16, 2015) - Bergio International, Inc. (BRGO) (OTCQB: BRGO), "Bergio" today announced that the Company has signed a Letter of Intent "LOI" to acquire a majority stake in Robert Fisher Co., "RS Fisher," a long-established and reputable fine jewelry designer and manufacturer located in northern New Jersey.

Robert Fisher Company currently sells fine jewelry to over 125 retailers throughout the US and was established in 1903, making it one of the nation's oldest jewelers. The LOI outlines that upon execution of the final agreement, Bergio International will own 51% of Robert Fisher Co.'s total assets. The Company will also be entitled to the same percentage of RS Fisher's future revenue and according to the LOI, will not assume any of its contracts, liabilities or obligations. Both companies expect the complete transaction to close within nine months according to the Letter of Intent.

Bergio International will consolidate RS Fisher's manufacturing and logistics operations into its own facility in Fairfield, NJ, however Robert Fisher Co. will continue to design and sell its own jewelry collections on the company's website, www.rsfisher.com.

"Acquiring a majority stake in RS Fisher, one of the oldest and most respected names in fine jewelry, is an exciting and positive development for Bergio International. This represents the implementation of our growth strategy to increase revenue through the acquisition and consolidation of established, successful jewelers. The merger of our companies' operations will increase Bergio's profit margin by decreasing production costs," stated Berge Abajian, CEO of Bergio International.

"RS Fisher's chains and other quality pieces will greatly enhance Bergio's existing collection and we believe can also increase our market share through its large distribution network of retail jewelers once we have finalized this agreement," added Mr. Abajian.

About Robert Fisher Co.

Since 1903, the Robert Fisher karat gold and platinum jewelry has been the choice of discerning jewelers who value intricate detail, flawless craftsmanship and impeccable finish. The company is known for its extensive brooch collection including animal pins fondly known throughout the industry as the "Fisher Menagerie." Included also within the brooch collection are diamond floral selections, pins with cultured pearls and a most popular ensemble of die-struck, hand folded earring & brooch sets replicating the ancient Japanese art of Origami. For more information, visit www.rsfisher.com.

About Bergio International, Inc.|

Bergio International, Inc. is a leading jeweler that has become a reputable purveyor of rare and exquisite diamonds and precious stones from around the world. Bergio currently sells its jewelry to approximately 50 retailers across the United States and owns a manufacturing facility in New Jersey. The Company is increasing its footprint as a diversified global jewelry designer and manufacturer through acquisitions and consolidation in highly fragmented jewelry industry estimated to generate $160 billion per year. For more information, visit www.bergio.com.

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

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    Bergio International, Inc.
    Investor Relations 
    973-227-3230 Ext 13
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