SOURCE: Bergio International
FAIRFIELD, NJ--(Marketwire - Aug 15, 2012) - Bergio International, Inc. (OTCQB: BRGO) (PINKSHEETS: BRGO) ("Bergio" or the "Company") announced a profitable second quarter result ended June 30, 2012.
The Company reported a net income of $9,581 for its 2nd quarter ended June 30, 2012 compared to a loss of ($74,391) for the same period last year.
Bergio had a net profit from operations of $49,067 for the 2nd quarter compared to a loss of ($7,750) for the same period in 2011. Net profit from operations for the 6 months ending 6/30/2012 was $16,616 compared to a loss of ($166,675) for the same period in 2011.
The Company also reports an increase in revenue of 20% for total net sales of $450,553 for the 2nd quarter ended June 30, 2012, as compared to $364,661 for same period last year. The 6 month sales were $780,500 for 2012 compared to $635,212 for 2011, this is a 23% increase from last year. The gross profit for 2nd quarter ended June 30, 2012 was up by 6% compared to same period last year. The 6 month gross profit was up by 16% compared to the same period last year.
Berge Abajian, CEO of Bergio, stated, "I am happy to report that this is our first quarter, since Bergio went public, that we are showing a positive net income for the 2nd quarter along with a positive net income from operations. This is our 9th straight quarter that we have shown an increase in revenue. This is very positive for the direction of our company and all the decisions that were made in the past are being realized today. I am in the final stages on a mega partnership which will be disclosed in a future PR once it has been signed."
Berge Abajian continues, "I would like to thank all our shareholders for staying with us during these tough economic conditions. My main goal is to maintain a healthy stockholder equity and a minimum of a 2:1 asset to liability ratio. This quarter results prove that we are moving on the right track and the future is very bright."
About Bergio International, Inc.
Bergio International, Inc. a leading jeweler creating a diversified jewelry designer and manufacturer through acquisitions and consolidation in the estimated $160 billion a year highly fragmented independently owned jewelry industry Bergio currently sells its jewelry to approximately 50 jewelry retailers across the United States. Bergio has manufacturing control over its line through its manufacturing facility in New Jersey, as well as subcontracts with facilities in the United States and Italy.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.