Bergio International Inc (BRGO)

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HUGE News here. UltraStores is being bought out by the Largest specialty Jewelry Retailer in the USA AND UK! As you may already know, BRGO recently shipped an initial $600k order to Ultra Stores. However, BRGO won't be shipping to the 5th Largest Jewelry Retailer, they will be shipping to the Largest Jewelry Retailer in the US & UK. This puts BRGO in an incredible position.

Full Link: http://www.diamondne.ws/2012/10/24/signet-jewelers-to-acquire-ultra-stores-inc/

From the PR:
Signet Jewelers Ltd. (NYSE and LSE: SIG), the largest specialty retail jeweler in the US and UK, announced that it has signed a definitive agreement to acquire Ultra Stores, Inc. from Crystal Financial LLC. and its other stockholders for approximately $57 million in cash. Signet will not assume any debt in connection with the acquisition. Founded in 1991, Ultra Stores is a leading jewelry retailer operating primarily in outlet centers, as well as licensed jewelry departments.

“The addition of Ultra will immediately result in our having a significant share of the outlet channel for jewelry,” said Michael W. Barnes, Chief Executive Officer of Signet Jewelers. “We had identified this rapidly growing channel as an opportunity to profitably increase our sales, enabling us to leverage our competitive strengths and add Ultra’s expertise to our team. We believe that the resulting synergies wi ll create a terrific win for our customers and investors.”

Ultra Stores’ President & Chief Executive Officer Daniel Marks added, “We look forward to joining Signet and combining our expertise in the jewelry outlet channel with the market leader in the specialty retail jewelry segment.”


Read more: Signet Jewelers to Acquire Ultra Stores, Inc. | www.DiamondNe.ws http://www.diamondne.ws/2012/10/24/signet-jewelers-to-acquire-ultra-stores-inc/#ixzz2AEQ1n8Ot
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