Bergio International Announces 1st Quarter Results
(firmenpresse) - FAIRFIELD, NJ -- (Marketwire) -- 05/15/12 -- Bergio International, Inc. (OTCBB: BRGO) ("Bergio" or the "Company") announced today the first quarter results for 2011.
The Company reported an increase in revenue of 22% for total net sales of $329,947 for the 1st quarter ended March 31, 2012, as compared to $270,551 for quarter ended March 31, 2011. The gross profit was up by 117% compared to the same period last year. The loss from operation for the period was down by 80% to $32,500 ending March 31, 2012 compared to $159,000 for the same period in 2011.
Berge Abajian, CEO of Bergio, stated, "I am happy to report that this is the 8th straight quarter in which Bergio International has shown an increase in revenue. Historically, our 1st quarter is the slowest quarter of the year, seeing these positive numbers gives us a good head start for 2012. It took us a few years after going public to get to this point. Our expansion in Russia has been successful and if the economy continues improving as it is, we can see Bergio turn profitable in the near future."
He continued, "Our 2nd quarter is aligning with our projections and, as previously announced, we are exploring our expansion opportunities and acquisition prospects overseas."
Bergio International, Inc. 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.
Bergio International, Inc.
Investor Relations
973-227-3230 Ext13
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Datum: 15.05.2012 - 14:00 Uhr
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News-ID 146682
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FAIRFIELD, NJ
Kategorie:
Fashion
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