FAIRFIELD, NJ--(Marketwired - Jul 18, 2013) - Bergio International, Inc. (
Since the JCK Las Vegas Jewelry Show, Bergio has been involved in several meetings with major top jewelry retailers and wholesalers, in order for Bergio products to be further carried in retail chains and stores around the United States. Bergio is also continuing to work with ShopHQ (formerly known as ShopNBC), as they have selected 20 additional Bergio designs to be manufactured for the ShopHQ demographic. Once the samples of these designs have been approved, a final air time will be assigned for sometime in October 2013.
On the topic of financials, Berge Abajian, CEO of Bergio Int'l, spoke: "We are working diligently to address Bergio's current chill status. After we were ready to file the opinion a month ago, the DTCC changed council. This new council required further documentation to be supplied which has been gathered as of yesterday. Our attorneys are currently compiling all required documents and putting the opinion together in order to present to the DTCC within the next couple of weeks to have the chill lifted. These delays have cost the company more money than previously anticipated, but I would like to assure all shareholders that this is of the utmost importance for Bergio at this time." He continued, "At the present time, we have obtained a credit line from Columbia Bank that will be used strictly for working capital and we are seeking a larger credit line with a larger institution that will be used strictly for the purposes of our acquisition strategies."
When asked about the Ultra merger with Sterling he said, "At this point we are still waiting for them to get their details in order, and whatever existing unpaid balance of merchandise will be placed as a memorandum until the final details have been ironed out." He also added, "We would like to announce that we have recently hired Mr. Joe Macaluso as a part time CFO for Bergio. Mr. Macaluso has extensive knowledge and experience within the public entities field, and we believe that he will be a great asset to negotiate with the larger institutions for funding."
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.
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