Deposit Chill Removed From Bergio Common Stock
November 25 2013 - 12:39PM
Marketwired
Deposit Chill Removed From Bergio Common Stock
FAIRFIELD, NJ--(Marketwired - Nov 25, 2013) - Bergio
International, Inc. ("Bergio" or the "Company") (OTCQB: BRGO) -
(http://www.bergio.com/), today announced that The Depository Trust
Company has informed Bergio that it has lifted the "Deposit Chill"
and has resumed accepting deposits of the Company's common stock
for depository and book entry transfer services. All deposit
restrictions have been removed and the Company is now once again
fully "DTC Eligible."
Berge Abajian, Chief Executive Officer of the Company, stated,
"Removing the chill was the Company's top priority. Although it
took slightly longer than anticipated, this is a great step toward
moving Bergio forward. My main focus now is to improve the
stockholder's value. I understand that the share price is selling
significantly below what I feel it should be. I am putting forth
the utmost effort by stopping use of convertible funding and ending
stock dilution as previously stated. But, patience is necessary
until the existing convertible notes are converted."
Mr. Abajian added, "Concerning the negotiations with the large
wholesaler I would like to announce that all negotiations are
ongoing. Due to the hectic holiday season, negotiations have
currently stopped until January 2014. I want all shareholders to be
aware that I have been persistent in finding an agreement which
would benefit both parties involved, but these require further time
to discuss details."
Mr. Abajian concluded, "We are pleased with the collaborative
efforts by our securities counsel, Joseph M. Lucosky and Matthew J.
Walsh of Lucosky Brookman LLP, as well as counsel for DTC and DTC
itself, in working to remove the chill. We are grateful for their
hard work and determination throughout this lengthy process, which
was instrumental in accomplishing the removal of the Deposit
Chill."
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 Ext13 www.bergio.com
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