FAIRFIELD, NJ--(Marketwired - Feb 28, 2014) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces several updates involving finances and convertible funding.
As of February 27 th , 2014 the last note owned by Asher Enterprises, Inc. ("Asher") was fully converted and paid. John M. Fife ("Fife") has nearly completed the conversion of the last note, and Auctus Private Equity Fund ("Auctus") has converted one-third of the note in their possession as of today. Bergio is looking toward selling the note owned by Typenex Co-Investment, LLC ("Typenex").
Berge Abajian, CEO of Bergio International, Inc., stated, "This is the first step toward getting rid of toxic funding. I am pleased that Bergio is finished with Asher's note." He added, "Bergio is currently in the final stages of negotiation with a large fund to acquire the remaining $100,000 note from Typenex with additional funding for Bergio at non-toxic terms. All past plans to clear the balance sheet helped Bergio to attract and negotiate true funding that will protect the company's stock price."
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.
