Bergio International Announces Termination of Tangiers Capital Contract
21 Juin 2010 - 11:22PM
Business Wire
Bergio International, Inc. (OTCBB: BRGO), Bergio International
announced today that they have terminated the $25M equity-line
contract agreement with Tangiers Capital, which was consummated on
January 12th, 2010.
Berge Abajian, CEO of Bergio International, Inc., said, "We have
made the decision and have mutually agreed to terminate our $25M
equity-line agreement contract, dated January 12th, 2010, with
Tangiers Capital. I feel that the termination of this contract was
made in the best interest of not only the company but the
shareholders as well. We are still moving forward with our original
plan of potential acquisition candidates and we are currently
analyzing alternative options for financing which I feel will make
more sense economically in relation to both our short term and long
term expansion strategies.”
About Bergio International, Inc.
Bergio International, Inc. is a leading jeweler creating one of
the world's largest diversified jewelry designers and manufacturers
through acquisitions and consolidation in the estimated $160
billion a year highly fragmented independently owned Jewelry
industry. Bergio currently sells its jewelry to approximately 150
jewelry retailers across the United States. Bergio has
manufacturing control over its line as a result of having a
manufacturing facility in New Jersey as well as subcontracts with
facilities in the United States and Italy.
Forward-Looking Statement:
The statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from acquisitions or actions in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such
forward-looking statements. Forward-looking statements are subject
to risks, uncertainties, and other factors that could cause actual
results to differ materially from those contained in such
statements. Such risks, uncertainties, and factors include, but are
not limited to, future capital needs, changes, and delays in
product development plans and schedules, or market acceptance.
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