Welcome to our dedicated page for Bergio Internati news (Ticker: BRGO), a resource for investors and traders seeking the latest updates and insights on Bergio Internati stock.
Bergio International, Inc. (BRGO) combines luxury jewelry expertise with cutting-edge technology innovation. This news hub provides investors and industry observers with essential updates on the New Jersey-based company's strategic moves across both sectors.
Track official announcements about Bergio's technological expansions into AI, WEB3, and blockchain solutions alongside developments in its core jewelry business. The curated collection includes updates on acquisitions, financial milestones, leadership decisions, and product launches.
Key areas of coverage include Bergio's integration of recent purchases like Aphrodite's and Gearbubble, progress in augmented reality applications for retail, and maintenance of its reputation for Italian-crafted jewelry excellence. All content is sourced from verified corporate communications.
Bookmark this page for reliable access to BRGO's evolving story as it bridges traditional craftsmanship with next-generation tech solutions. Check back regularly for updates that could impact market positioning across multiple industries.
Bergio International Inc. (OTC PINK:BRGO) announced the launch of GearBubble's holiday jewelry collection on September 10, 2021. This collection includes sterling silver necklaces, bracelets, and earrings, now accessible to over 10,000 retail sellers. GearBubble, a B2B e-commerce fulfillment platform, has previously sold 12,000 units daily. The new premium jewelry aims to enhance sales through higher order values and improved customer experience. CEO Berge Abajian anticipates a strong fourth quarter, promising seamless operations and on-time deliveries for retailers.
Bergio International (OTC PINK:BRGO) announced that its Crown Luxe Division has exceeded last year's sales revenue as of August 2021. This expansion marks the company's successful entry into the direct-to-consumer market via two physical locations in New Jersey. CEO Berge Abajian expressed confidence in the growth potential of this division and the company's overall strategy, which includes recent acquisitions like Aphrodite's and GearBubble. All sales figures are preliminary, based on internal reporting, with a detailed revenue report expected in Q3.
Bergio International Inc. (OTC PINK:BRGO) has successfully launched its fashion jewelry label, Aphrodite's, on Amazon as of August 5, 2021. This strategic move is expected to significantly boost revenue and enhance distribution channels. CEO Berge Abajian aims for a gross margin of 82-84% in the upcoming fourth quarter, focusing on superior customer service and quality to maximize holiday season sales. The company is also in the process of acquiring a new manufacturing facility in Armenia, which will create over 100 jobs, further supporting its growth strategy.
Bergio International Inc. (OTC PINK:BRGO) recently announced the closure of its public offering, issuing 500 million shares at $0.007 each, following S1 Registration filed on March 31, 2021. CEO Berge Abajian indicated that the raised funds were used for key acquisitions of Aphrodite's (valued at $5 million) and GearBubble (valued at $3.2 million), significantly enhancing the company's revenue potential. Gross revenue is projected to rise from $584,000 last year to approximately $20 million this year, with 2022 estimates hitting around $40 million.
Bergio International (OTC PINK:BRGO) reported significant growth in its second-quarter results for 2021. Gross sales surged to $2.137 million, marking a 2600% increase from $77.9 thousand year-over-year. Gross profit skyrocketed over 5300% to reach $1.759 million, accounting for 82% of sales. Year-to-date, gross sales totaled $3.286 million, a 2000% rise compared to $153.3 thousand last year, while gross profit reached $2.598 million. Total stockholder equity stood at $2.69 million as of June 30, 2021.
Bergio International is taking significant steps to expand its international jewelry manufacturing capabilities in Eastern Europe to meet rising demand following recent acquisitions of Aphrodite's and GearBubble. CEO Berge Abajian is negotiating a 50% purchase of a factory in Armenia and has met with key economic leaders to enhance operations. With a focus on ethical standards and skilled labor, this initiative aims to boost efficiency and quality while facilitating access to the Russian market.
Bergio International (OTC PINK:BRGO) has been accepted into the Walmart Marketplace, expanding its distribution channels for the brand Aphrodite's. This partnership allows the brand to access Walmart's 265 million annual customers and significantly reduce marketing costs, from 52%-60% per unit to 8%-20% per unit. The company plans to launch on the platform in Q3, coinciding with the holiday shopping season. Acquired for $5 million in February, Aphrodite's has seen improvements in branding, operations, and profit margins under Bergio's management.
Bergio International Inc. (OTC PINK:BRGO) has acquired GearBubble assets for $3.162 million, aiming to boost its gross sales by an estimated $20 million in 2021. This acquisition, alongside a previous purchase of Aphrodite's, positions BRGO for a projected 5000% increase in gross revenue this year. GearBubble's B2B e-commerce platform enhances BRGO's market reach, particularly in the bridal jewelry segment, which has seen a rise in online sales due to the pandemic. The collaboration aims to generate a total revenue of $30 million for 2021.
Bergio International (OTC PINK:BRGO) projects a remarkable 5000% increase in gross sales for 2021, with contributions from recent acquisitions: Aphrodite's expected to generate $9 million and GearBubble anticipated to bring in $20 million. The total gross sales could reach approximately $30 million this year. Aphrodite's, a fast-growing e-tailer, achieved $31 million in sales in 3.5 years, while GearBubble reported $27 million in 2020 and is profitable. The acquisitions aim to enhance operational efficiency and ecommerce capabilities.
Bergio International (OTC PINK:BRGO) announced plans to acquire 51% of GearBubble for $2 million plus $1.162 million in subsequent payments. GearBubble, an e-commerce fulfillment platform, generated over $27 million in revenue in 2020, with over $130 million in sales since its inception. This acquisition aims to enhance Bergio's product offerings and market reach in e-commerce, particularly in the jewelry sector, leveraging GearBubble's advanced technology and established B2B customer base. The deal's execution follows a full financial audit by July 1, 2021.
