Bergio International Announces Positive Third Quarter Sales Results
(firmenpresse) - FAIRFIELD, NJ -- (Marketwire) -- 11/14/11 -- Bergio International (OTCBB: BRGO) announced today that they are pleased with the third quarter results reported in the 10-Q Financial Statement, for the quarter ending Sept. 30, 2011.
The company reports positive third quarter sales which increased by 13% showing total net sales of $394,562 for the quarter. Also, the company's sales jumped by 14% for the first nine month ending in Sept.30, 2011, to $1,029,774. The company also shows a decrease in net loss by 81% for the third Quarter from a loss of $46,558 for Sept. 30, 2010 to a loss of $9,344 for the same period in 2011, and the loss for 9 month decreased by 64% from a loss of $772,764 ending Sept. 30, 2010 to a loss of $261,565 for the same period in 2011. The company contributes the positive results to our successful efforts to expand our Brand and customer base outside the United States, and in our strategic alliance with Estet Jewelry Company, one of the largest manufacturers in Moscow, and the successful results experienced through the JCK Show in Las Vegas earlier in the year.
The 10-Q Financial Statement, ending Sept. 30, 2011, indicates the company is maintaining its minimum 2/1 asset to liability ratio policy, and the total Stockholders Equity is at $1,049,791.
Berge Abajian, CEO of Bergio International, Inc., states, "I am pleased with the positive growth of the company. All the measures and alliances that we took in the beginning of the year directly contributed to our positive growth -- we are working diligently to be profitable in the near future and maintaining our shareholders' equity at its highest level and moving full steam ahead with our expansion and financing strategy without dilution."
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 or our Facebook page at .
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.
Bergio International, Inc.
Investor Relations
973-227-3230 Ext13
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Datum: 14.11.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 87513
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FAIRFIELD, NJ
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