Bergio International Inc (BRGO)

[$tockfather]

BRGO- Why the hell didn't this EXPLODE INTO SPACE on that extremely positive earnings report today???

Bergio International Announces Record 3rd Quarter Results

The Company reported a net income of $112,196 for its 3rd quarter ending September 30, 2012 compared to a loss of ($9,304) for the same period last year. This is an increase of 1,300%. The 9 month net income ending September 30, 2012 was ($99,890) compared to ($261,565) for same period last year. This is an improvement of 62% in net income for the 9 months ending September 30, 2012.

Bergio had a net profit from operations of $46,569 for the 3rd quarter ending September 30, 2012 compared to a loss of ($112,996) for the same period in 2011. Net profit from operations for the 9 months ending September 30, 2012 was $63,187 compared to a loss of ($279,671) for the same period in 2011.

The Company also reports an increase in revenue of 33% for the 3rd quarter ending September 30, 2012 with total net sales of $525,609 as compared to $394,562 for same period last year. The 9 month sales ending September 30, 2012 were $1,306,109 compared to $1,029,774 for the same period last year, this is a 27% increase. The gross profit for the 3rd quarter ending September 30, 2012 was $417,844 compared to $31,141 same period last year. The 9 month gross profit ending September 30, 2012 was $891,682 compared to $363,010 the same period last year.

Bergio's assets for the 9 months ending September 30, 2012 was up by $319,117 that is an increase of 13%. The working capital for the 9 months ending September 30, 2012 is up by $350,053, an increase of 27%. The asset to liability has increased to a 2:3 ratio for the 9 month period ending September 30, 2012. The stockholders equity is up by 14% to $1,597,675 for the 9 month period ending September 30, 2012.

Berge Abajian, CEO of Bergio, stated, "This is what we've been waiting for! Bergio has turned the corner but we still have additional work to do. I am pleased that in these tough economic times, we were able to improve the company's financial position. I would like to announce that we have signed the mega deal which was mentioned in a previous press release. Due to our contractual agreement, we cannot disclose any information until the product is launched. This should take place in February 2013."

Berge Abajian continues, "I would like to thank all our shareholders for supporting Bergio, good things take time. I repeat again, we are extremely undervalued and I still personally believe our stock price should be a minimum of 15-20 times what it is today. These quarterly results will eventually be reflected in the stock price. My goal is to keep improving our stockholder equity and asset to liability ratio, this is a great barometer to gauge Bergio's financial strengths."