BRGO Bergio International Inc (PK)

Bergio International, Inc. (OTCBB:BRGO), Bergio International announced today that they are pleased with the positive second quarter results reported in the 10-Q Financial Statement, second quarter ending June 30, 2010.

The company reported a second quarter sales increase by 40% for total net sales of $437,893. In the first six months, sales jumped from $454,307 to $548,995. Gross margins improved by 28% in this quarter and 43% for the first six months. Also, in this quarter, the company shows income from operations of $37,762 compared to a loss of $93,191 same period last year. The company contributes the positive news to our expansion of our customer base outside the United States and the successful results experienced through the JCK Show in Las Vegas earlier in the year.

The 10-Q Financial Statement, ending June 30, 2010, indicates the company improved its current assets by 18%, decreased its current liability by 55% and improved its total working capital by $1,514,078 which was contributed by converting debt into equity. The company took a one time share-based expense charge for the second quarter of 2010 for $535,160 which was the result of the termination of our securities purchase agreement with Tangiers. The company also took a one time-share based expense charge in the first quarter for $ 242,900 for a total combined share-based expense charge in the first two quarters of 2010 for $778,060.

Berge Abajian, CEO of Bergio International, Inc., said, "I am pleased with the positive growth of the company. This was a direct contribution of all the measures that we took in the beginning of the year. I invite all of our shareholders to read our financial statements very closely, specifically the section titled, `Net Loss' found in the Management Discussion and Analysis which explains the turn-around of the company.”

About Bergio International, Inc.

Bergio International, Inc. is a leading jeweler creating one of the world's largest diversified jewelry designers and manufacturers through acquisitions and consolidation in the estimated $160 billion a year highly fragmented independently owned Jewelry industry. Bergio currently sells its jewelry to approximately 150 jewelry retailers across the United States. Bergio has manufacturing control over its line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities in the United States and Italy.

Forward-Looking Statement:

The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

Bergio (PK) (USOTC:BRGO)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024

Bergio (PK) (USOTC:BRGO)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024