Bergio Internati Stock Price, News & Analysis

Bergio International, Inc. (BRGO) announced the acquisition of Aphrodite's, significantly boosting projected revenues to over $10 million for 2021, a substantial increase from $600 thousand in 2019. This acquisition will allow Bergio to enhance its direct-to-consumer capabilities in the global jewelry market, leveraging Aphrodite's digital marketing expertise and synergies. Digital Age Business facilitated this transaction, aiming to integrate their technological advancements with Bergio's traditional jewelry knowledge, positioning the company for future growth.

Bergio International (OTC PINK:BRGO) has canceled 17 million shares, approximately 19% of its outstanding shares, as part of its share buyback program. This action was initiated by CEO Berge Abajian in connection with a $500,000 stockholder loan. Abajian emphasized his commitment to reducing convertible debts and enhancing shareholder value, stating this move positions the company for growth in a shareholder-friendly manner. Bergio plans to explore various opportunities for expansion in 2021.

Bergio International, Inc. (OTC PINK:BRGO) announced a significant 90% reduction in authorized shares from 10 billion to 1 billion, reflecting proactive measures to prevent dilution. The company settled with its largest note holder, saving $175,000 and continuing to resolve convertible debts through non-dilutive cash settlements. In addition, Q4 revenues have shown strong growth compared to last year, accompanied by improved gross margins.

Bergio International reported a strong Q3 2020, achieving a net income of $388,846, a significant turnaround from a net loss of $52,335 in Q3 2019. The company's gross profit margin remained robust at 78.8%, despite pandemic challenges. Operating expenses decreased by 2%, resulting in an operating income of $4,057, improving from a loss in the previous year. Working capital improved, and a debt settlement agreement reduced convertible debt to $300,000. The company aims to expand online and retail presence in the future.

Bergio International (OTC PINK:BRGO) announced the launch of its Fashion collection on Amazon, targeting sales of 5,000 pieces by year-end, equating to approximately $325,000 in retail value and over $100,000 in net profit. This initiative follows a successful introduction in Bergio boutiques. The new distribution channel aims to enhance market reach and strengthen online presence.

Bergio International (OTC PINK:BRGO) showcased its designer jewelry collection at the Ocean Casino Resort in Atlantic City on August 15, 2020. The event attracted hundreds of attendees, resulting in approximately $68,000 in sales from 308 purchases. CEO Berge Abajian highlighted the event's success and anticipated increased brand exposure, particularly with a new website launch planned for the upcoming weeks. A follow-up event is scheduled for December 2020.

Bergio International (OTC PINK:BRGO) has reached an agreement to settle approximately $474,000 of convertible debt with Iliad Research and Trading, L.P. for $300,000, to be paid in monthly installments of $50,000 starting September 15, 2020. This settlement will result in a significant reduction of $329,000 in debt and about $145,000 in accrued interest, which is expected to improve the company's balance sheet and support future growth strategies.

Bergio International (OTC PINK:BRGO) announced a settlement agreement with Iliad Research and Trading to resolve $474,000 in convertible debt. The company will pay $300,000 in monthly installments of $50,000 starting September 15, 2020. This settlement reduces the company's debt by approximately $329,000 and accrued interest by $145,000. CEO Berge Abajian highlighted that this move is part of their strategy to strengthen the balance sheet and pursue traditional financing for growth.