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Bergio International Announces Several Updates
Marketwired Bergio International
25 minutes ago
FAIRFIELD, NJ--(Marketwired - Jul 30, 2014) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces several updates.
The company recently received a document from the DTCC that its stock has been chilled once again. The company's legal team is currently working toward lifting the chill, and anticipates resolving the issue within the next 60 days.
On July 2, 2014 a meeting took place between Bergio International and Sterling in Akron, Ohio in order to negotiate a test program of the new Bergio Bridal collection in 30 of their stores. The meeting concluded with Sterling picking up four bridal designs, and documents are currently being submitted for approval to initiate the test order. The initial test order will be approximately $100,000.
As of recently, Bergio has been involved in a private label program with a medium size wholesaler. As of today, part of the order has been delivered. The management evaluated their existing order with us, as well as future continuing orders at $50,000.
The company has been working very diligently toward building and preparing the very first brick-and-mortar Bergio Boutique. The store opening is still planned for the fourth quarter of this year.
Berge Abajian, CEO of Bergio, stated, "I know that many shareholders are frustrated, and I understand their qualms about the stock price. Even with these recent obstacles in our midst, Bergio will continue to move forward by creating multiples paths of revenue through the brick-and-mortar store, the private label program, and the new test order with Sterling. We believe that growth would be better achieved by diversifying our business model through different avenues, as a supplement to our existing business model."
He concluded, "We are currently in the final stages of negotiation with a funder who agreed to purchase our existing note, as well as additional funding for future expansion. Further details will be published once the deal is concluded."
