Bergio International Inc (BRGO)

[Loudmouth]

Bergio International Announces Settlement of Convertible Debt
August 13, 2020, 6:56 PM EDT
FAIRFIELD, NJ / ACCESSWIRE / August 13, 2020 / Bergio International, Inc.
("Bergio", or the "Company") (OTC PINK:BRGO), a leading designer, manufacturer
and retail outlet for the Bergio Brand of designer jewelry, including
exquisite collections of rings, necklaces, earrings, and other fine
accessories, is pleased to announce that is has come to an agreement with one
its largest debtors to settle its outstanding convertible debt.

Under the terms of the Agreement, the Company and Iliad Research and Trading,
L.P. ("Illiad") agreed to settle approximately $474,000 of convertible debt
and accrued interest for a total of $300,000 to be paid in monthly
installments of $50,000 beginning September 15, 2020.

Mr. Berge Abajian, President & CEO stated "we are pleased to negotiate this
settlement of convertible debt. This is the beginning of our efforts to
transform our balance sheet as we move forward. We appreciate the support of
Illiad and its management team over the years."

He continues, "The considerable reduction of $329,000.00 in convertible debt
and approximately $145,000.00 of accrued Interest will significantly improve
our balance sheet. We continue to search for ways to strengthen our balance
sheet and seek traditional financing for our growth strategies."

He added, "I appreciate all the support from our shareholders and wishing all
to stay safe thru this tough times, bright future is ahead ".