FAIRFIELD, NJ--(Marketwire -05/31/12)- Bergio International, Inc. (BRGO) ("Bergio" or the "Company") is pleased to report that the Company is rebounding from the process of going public.
Berge Abajian, CEO of Bergio, states, "I am very pleased with our growth in the US and in the foreign market. We recently reported a solid 1st quarter, which is the slowest quarter of the year and our 2nd quarter is meeting our expectations. We are attending the JCK Show, one of the largest shows in the country, and we will report on the outcome shortly." He continued after being asked about the stock price, "Management has no control over the stock price but compared to our stockholder equity, the stock price is under priced and undervalued. We are working diligently to increase revenue and turn the Company profitable and in return this should have a positive effect on the stock price. Our assets to liability ratio are at its highest."
About Bergio International, Inc.
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.