Bergio International Announces Profitable 2nd Quarter Results
August 15 2012 - 11:22AM
Marketwired
Bergio International, Inc. (OTCQB: BRGO) (PINKSHEETS: BRGO)
("Bergio" or the "Company") announced a profitable second quarter
result ended June 30, 2012.
The Company reported a net income of $9,581 for its 2nd quarter
ended June 30, 2012 compared to a loss of ($74,391) for the same
period last year.
Bergio had a net profit from operations of $49,067 for the 2nd
quarter compared to a loss of ($7,750) for the same period in 2011.
Net profit from operations for the 6 months ending 6/30/2012 was
$16,616 compared to a loss of ($166,675) for the same period in
2011.
The Company also reports an increase in revenue of 20% for total
net sales of $450,553 for the 2nd quarter ended June 30, 2012, as
compared to $364,661 for same period last year. The 6 month sales
were $780,500 for 2012 compared to $635,212 for 2011, this is a 23%
increase from last year. The gross profit for 2nd quarter ended
June 30, 2012 was up by 6% compared to same period last year. The 6
month gross profit was up by 16% compared to the same period last
year.
Berge Abajian, CEO of Bergio, stated, "I am happy to report that
this is our first quarter, since Bergio went public, that we are
showing a positive net income for the 2nd quarter along with a
positive net income from operations. This is our 9th straight
quarter that we have shown an increase in revenue. This is very
positive for the direction of our company and all the decisions
that were made in the past are being realized today. I am in the
final stages on a mega partnership which will be disclosed in a
future PR once it has been signed."
Berge Abajian continues, "I would like to thank all our
shareholders for staying with us during these tough economic
conditions. My main goal is to maintain a healthy stockholder
equity and a minimum of a 2:1 asset to liability ratio. This
quarter results prove that we are moving on the right track and the
future is very bright."
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.
Forward-Looking Statements:
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 www.bergio.com
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