Bergio International Announces Third Quarter Results
November 20 2013 - 9:30AM
Marketwired
Bergio International Announces Third Quarter Results
FAIRFIELD, NJ--(Marketwired - Nov 20, 2013) - Bergio
International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company")
announced today its results for the third quarter which ended on
September 30th, 2013.
For the third quarter, which ended on September 30th, 2013, the
Company reported revenues of $474,805 as compared to $525,609 for
the same period in the prior year. This comparable decline in
relation to the prior year is due to the lack of the large Ultra
Diamonds order acquired during the same time last year.
Bergio's loss from operations was $33,039 compared to a profit
of $46,569 for the same period last year, due to the continued
investment in marketing and sales as mentioned in a previous press
release as well as the cost of various legal fees.
Our asset to liability ratio is 4:1, which is the highest in the
company's history, and the company's liability has decreased by
$638,652 as well as an increase in the company's working capital by
$439,271. The stockholder equity increased by $644,383 since the
start of 2013 to $2,151,179.
Berge Abajian, CEO of Bergio, stated, "I am satisfied with the
quarterly result when faced with the challenge of meeting last
year's numbers which included the figures from the large Ultra
Diamonds order. Our outlook for the year is looking good, and the
company is working diligently in order to meet and surpass the
results from the same time in the previous year. I would like to
bring to the attention of the shareholders that my full commitment
to improve the balance sheet is close to fulfillment as can be seen
in the aforementioned numbers. This, in turn, is making Bergio less
dependent on convertible financing which we have not used as of
September 1st, 2013 as previously stated."
He continued, "I would like to report that we have filed with
the SEC to lift the chill on November 8th, 2013 and currently wait
for their review."
We encourage everyone to read our full results of operations
contained in our Form 10-Q filed on November 19th, 2013 at
sec.gov.
About Bergio International, Inc.
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 Ext 13 www.bergio.com
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