Bergio International Announces Several Updates
Bergio International Announces Several Updates
FAIRFIELD, NJ--(Marketwired - Nov 5, 2013) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces several new updates involving ShopHQ, success at the Yerevan jewelry show, further increased web presence through social media, and the use of convertible funding.
On October 23rd, 2013 Bergio was once again featured on ShopHQ with a successful airing, although no numbers have yet been received to report. Due to anticipation and the positive reception of Bergio on Shop HQ, another airing has been scheduled for January 10th, 2014. Although the time slots have not yet been assigned Bergio will be featured for a minimum of two hours once again, with the possibility of an additional third hour.
Bergio recently exhibited at the annual Yerevan jewelry show, where much of the Bergio line was extremely well received by Armenian and Russian retailers and consumers alike, especially the Faccia a Faccia collection. Among the Bergio customers was Rita Sargsyan, First Lady of the Republic of Armenia, who officially owns a Bergio necklace. It is an honor for the company to have her on the list of clientele.
Within the past month, there have been further developments and increases in exposure through social media channels. Since the beginning of October, the Bergio Facebook page has increased from 10,500 likes to 23,000 likes, which is over a 200% increase. There have also been further increases in followers on Twitter, Instagram and Pinterest. Also, the Bergio website (www.bergio.com) has once again increased its web ranking by approximately another 2 million points. All of these figures signify that the company's marketing campaigns through social media to get more exposure continue to work, so that Bergio builds a larger audience to cater toward.
Berge Abajian, CEO of Bergio International, Inc., stated, "Our main goal for the year is to be able to replicate and surpass the numbers from the same time last year, which is not far off. Although we are lacking the large order from Ultra Diamonds, which gave us that push last year, we are still receiving consistent sales through them. As far are the increased presence and exposure through social media channels, we already have plans to increase revenue with this newly gained audience but are waiting for further likes and followers before we begin the push in December for the upcoming Holiday season."
He continued, "I know the shareholders are most interested in the convertible funding issue, to which I am glad to state that we have stopped seeking any use of convertible funding as of September 1st, 2013. I would also like to inform our shareholders that Columbia Bank has increased the company's credit line to $175,000, which should be sufficient in the event that we may need extra funding for company operations. As I have stated in the past, our financial position is now the healthiest it has ever been therefore allowing us to be less dependent on the use of convertible funding until it is no longer necessary. I know that the majority of the shareholders were dissatisfied with the decision to use convertible debt, but it was an essential step towards moving the company forward in order to pay down debt, improve our balance sheet, and improve our asset to liability ratio in such a bad economic climate. These decisions have allowed us to be more financially independent while improving relationships with banking institutions and allowing us to seek further funding, therefore resulting in an increase in credit facilities.
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
Bergio International Announces Several Updates
FAIRFIELD, NJ--(Marketwired - Nov 5, 2013) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces several new updates involving ShopHQ, success at the Yerevan jewelry show, further increased web presence through social media, and the use of convertible funding.
On October 23rd, 2013 Bergio was once again featured on ShopHQ with a successful airing, although no numbers have yet been received to report. Due to anticipation and the positive reception of Bergio on Shop HQ, another airing has been scheduled for January 10th, 2014. Although the time slots have not yet been assigned Bergio will be featured for a minimum of two hours once again, with the possibility of an additional third hour.
Bergio recently exhibited at the annual Yerevan jewelry show, where much of the Bergio line was extremely well received by Armenian and Russian retailers and consumers alike, especially the Faccia a Faccia collection. Among the Bergio customers was Rita Sargsyan, First Lady of the Republic of Armenia, who officially owns a Bergio necklace. It is an honor for the company to have her on the list of clientele.
Within the past month, there have been further developments and increases in exposure through social media channels. Since the beginning of October, the Bergio Facebook page has increased from 10,500 likes to 23,000 likes, which is over a 200% increase. There have also been further increases in followers on Twitter, Instagram and Pinterest. Also, the Bergio website (www.bergio.com) has once again increased its web ranking by approximately another 2 million points. All of these figures signify that the company's marketing campaigns through social media to get more exposure continue to work, so that Bergio builds a larger audience to cater toward.
Berge Abajian, CEO of Bergio International, Inc., stated, "Our main goal for the year is to be able to replicate and surpass the numbers from the same time last year, which is not far off. Although we are lacking the large order from Ultra Diamonds, which gave us that push last year, we are still receiving consistent sales through them. As far are the increased presence and exposure through social media channels, we already have plans to increase revenue with this newly gained audience but are waiting for further likes and followers before we begin the push in December for the upcoming Holiday season."
He continued, "I know the shareholders are most interested in the convertible funding issue, to which I am glad to state that we have stopped seeking any use of convertible funding as of September 1st, 2013. I would also like to inform our shareholders that Columbia Bank has increased the company's credit line to $175,000, which should be sufficient in the event that we may need extra funding for company operations. As I have stated in the past, our financial position is now the healthiest it has ever been therefore allowing us to be less dependent on the use of convertible funding until it is no longer necessary. I know that the majority of the shareholders were dissatisfied with the decision to use convertible debt, but it was an essential step towards moving the company forward in order to pay down debt, improve our balance sheet, and improve our asset to liability ratio in such a bad economic climate. These decisions have allowed us to be more financially independent while improving relationships with banking institutions and allowing us to seek further funding, therefore resulting in an increase in credit facilities.
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
