Deposit Chill Removed From Bergio Common Stock
(firmenpresse) - FAIRFIELD, NJ -- (Marketwired) -- 11/25/13 -- Bergio International, Inc. ("Bergio" or the "Company") (OTCQB: BRGO) - (), today announced that The Depository Trust Company has informed Bergio that it has lifted the "Deposit Chill" and has resumed accepting deposits of the Company's common stock for depository and book entry transfer services. All deposit restrictions have been removed and the Company is now once again fully "DTC Eligible."
Berge Abajian, Chief Executive Officer of the Company, stated, "Removing the chill was the Company's top priority. Although it took slightly longer than anticipated, this is a great step toward moving Bergio forward. My main focus now is to improve the stockholder's value. I understand that the share price is selling significantly below what I feel it should be. I am putting forth the utmost effort by stopping use of convertible funding and ending stock dilution as previously stated. But, patience is necessary until the existing convertible notes are converted."
Mr. Abajian added, "Concerning the negotiations with the large wholesaler I would like to announce that all negotiations are ongoing. Due to the hectic holiday season, negotiations have currently stopped until January 2014. I want all shareholders to be aware that I have been persistent in finding an agreement which would benefit both parties involved, but these require further time to discuss details."
Mr. Abajian concluded, "We are pleased with the collaborative efforts by our securities counsel, Joseph M. Lucosky and Matthew J. Walsh of Lucosky Brookman LLP, as well as counsel for DTC and DTC itself, in working to remove the chill. We are grateful for their hard work and determination throughout this lengthy process, which was instrumental in accomplishing the removal of the Deposit Chill."
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:
Bergio International, Inc.
Investor Relations
973-227-3230 Ext13
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Datum: 25.11.2013 - 17:39 Uhr
Sprache: Deutsch
News-ID 320100
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Town:
FAIRFIELD, NJ
Kategorie:
Commercial & Investment Banking
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