Bergio International Announces Year End Results
April 04 2012 - 10:25AM
Marketwired
Bergio International, Inc. (OTCBB: BRGO) ("Bergio" or the
"Company") announced today the year end results for 2011.
The Company reported an increase in revenue of 12% for total net
sales of $ 1,621,000 for the year ended December 31, 2011, as
compared to $1,445,000 for year ended December 31, 2010. Further,
the Company reported that stockholders' equity increased by 11%
from $1,096,000 for the fiscal year ended December 31, 2010, to
$1,223,000 for the fiscal year ended December 31, 2011. The company
also reports an Asset to Liability ratio of 2 to 1.
The Company's net loss for the year ended December 31, 2011 was
$408,328, as compared to a net loss of $838,999 for the year ended
December 31, 2010, a 51% decrease.
Berge Abajian, CEO of Bergio, stated, "I am pleased with the
year end results. I believe our numbers would have been even better
had we not had to make some reserves on a doubtful account that I
believe is collectible." He continued, "The Company is definitely
on the right track. Our expansion overseas is steadily increasing
while our stockholders' equity continues to increase on a yearly
basis. We are seeing the 1st quarter aligning with our expectations
and our plans and visions for our company are becoming a
reality."
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.
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Contact: Bergio International, Inc. Investor Relations
973-227-3230 Ext13 www.bergio.com
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