News
BERGIO INTERNATIONAL LAUNCHES BOUTIQUE IN RUSSIADecember 2nd, 2011 Bergio International announced today that they have opened another Bergio Boutique in a newly opened Estet Jewelery Store in Petrozavodsk, Karelia, Russia. Estet Jewelery Company is one of the largest jewelry manufacturers in Moscow with approximate revenues of over $200 million. Berge Abajian, CEO of Bergio International, stated, “We are very pleased with the continued expansion in Russia which gives Bergio International a strong global presence”. At a recent appearance, Berge Abajian, CEO of Bergio International, was asked again about the stock price of Bergio International. Berge Abajian stated, “The stock price is extremely undervalued. Our stockholder’s equity is over $1 million and our market cap is half of our stockholder’s equity. The stock should be at least 5-10 times its current position. Our asset to liability ratio is a 2.1:1 ratio as of today and the shareholder’s equity is higher than it has ever been. Our financial position is very strong. We are in the final stages of finalizing our funding which will allow us to execute our business plan. Once the funding is finalized an announcement will be made”.