Bergio International Reports JP Carey Enterprises, Inc.'s and 3A Capital Establishment’s Notes Have Been Fully Paid

Rhea-AI Summary

Bergio International (OTC PINK: BRGO) announced the full payment of notes to JP Carey Enterprises and 3A Capital, improving its financial standing. This payment follows a successful financial year, with consecutive quarterly revenue increases leading into 2022. The company aims to expand its market presence, capitalizing on upcoming sales events like Mother's Day. CEO Berge Abajian emphasized that reduced dilution should positively influence stock prices, as the company explores additional acquisitions to enhance its brand portfolio and D2C capabilities, solidifying its growth strategy.

Positive

• Full payment of funding notes improves balance sheet and stockholder equity.
• Consecutive quarterly revenue increases reported from 2021 into 2022.
• Upcoming Mother's Day expected to significantly boost sales.
• Plans for additional acquisitions that align with growth strategy.
• Reduction in dilution which should positively reflect on stock price.

Negative

• None.

FAIRFIELD, NJ / ACCESSWIRE / March 8, 2022 / Bergio International, Inc. ("Bergio," or the "Company") (OTC PINK:BRGO), a US holding corporation and leading global player in the tech and eCommerce industries specializing in fine and fashion jewelry has announced both JP Carey Enterprises, Inc. and 3A Capital Establishment have been fully paid. Both companies were instrumental in the funding of two significant acquisitions which expanded Bergio's brand portfolio, boosted its D2C (direct to consumer capabilities), and provided worldwide exposure. Now that all 3 companies that originally funded this growth have been fully paid, Bergio's balance sheet, and stockholder equity has positively improved in a significant way.

The payment of these notes comes as Bergio continues an impressive run of financial success from 2021 leading into 2022, reporting consecutive quarterly revenue increases. Adding to its expansion plans into new markets and new platforms plus the upcoming Mother's Day, the second most important seasonal event of the year, will drive monumental sales for the company.

Berge Abajian, CEO of Bergio International stated, "Now that all 3 notes have been fully paid, dilution will decrease drastically which should positively reflect on the stock price going forward. All the successful results from last year's financial decisions are reflected on our top and bottom line as mentioned in our previous press release. Every money raised was used strictly for the acquisition and working capital for Aphrodite's and Gearbubble."

He continued, "We are still forging forward with additional acquisitions that will fit our growth model with suitable brands that align with Bergio's portfolio and complement our supply chain logistics. Now that we have created the foundation from assimilating the previous year's acquisitions, it's much easier to add other acquisitions. This is because in a short period of time we have become vertically integrated and control every aspect of our business."

Berge also mentioned, "In a short period of one year, Bergio International became the leading fashion tech brand in the jewelry industry. And, now that we are moving forward with the addition of Bergio's signature fine and bridal line with strong D2C capabilities, Bergio will come full circle to offer its existing millions of customers, high-quality fashion as well as bridal and fine jewelry."

About Bergio International, Inc.

The Bergio brand, the primary portfolio asset, is associated with high-quality, handcrafted, and individually designed pieces with a European sensibility, Italian craftsmanship, and a bold flair for the unexpected. Established in 1995, Bergio's signature innovative design, coupled with extraordinary diamonds and precious stones, earned the company recognition as a highly sought-after purveyor of rare and exquisite treasures from around the globe. With family jewelry roots reaching back to the 1930s, founder, CEO, and designer Berge Abajian is a third-generation jeweler, blending superior knowledge in design and manufacturing to create unparalleled collections in craftsmanship and style. The Bergio brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000. For further information, please visit www.bergio.com.

This press release includes forward-looking statements regarding our business strategy and plans as well as expectations of future growth, all of which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical in nature and include those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the U.S. Securities and Exchange Commission, including those detailed under the caption "Risk Factors" in our Annual Report for the year ended December 31, 2019 filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the "Act") protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Media Contact
Alina Keo
alina@aphrodites.com
(952) 681-0406

Investor Relations
John Guercio
jpguercio@aol.com
(845) 216-3100

SOURCE: Bergio International, Inc.

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https://www.accesswire.com/691658/Bergio-International-Reports-JP-Carey-Enterprises-Incs-and-3A-Capital-Establishments-Notes-Have-Been-Fully-Paid

FAQ

What recent financial improvement did Bergio International (BRGO) announce?

Bergio International announced the full payment of notes to JP Carey Enterprises and 3A Capital, significantly improving its balance sheet and stockholder equity.

How has Bergio International (BRGO) performed financially in recent quarters?

Bergio has reported consecutive quarterly revenue increases leading into 2022.

What is Bergio International's strategy for growth?

Bergio plans to expand its market presence through additional acquisitions and enhance its direct-to-consumer capabilities.

How will upcoming events affect Bergio International (BRGO)'s sales?

The upcoming Mother's Day is expected to drive significant sales for Bergio International.

What impact will the payment of notes have on Bergio International's stock price?

The reduction in dilution due to the payment of notes is anticipated to positively reflect on the stock price.