Berge meets with top economic leaders in Eastern Europe to solidify manufacturing relationships & facilitate factory purchase to accommodate recent acquisitions demands
FAIRFIELD, NJ / ACCESSWIRE / August 5, 2021 / Bergio International Inc. (OTC PINK:BRGO), a premier jewelry designer and manufacturer, moved forward with steps to expand international jewelry manufacturing in Eastern Europe to accommodate growing customer and market demand after recent landmark acquisitions of Aphrodite's and GearBubble.
CEO Berge Abajian went on a tour of Eastern Europe, including Istanbul, Ukraine, Armenia, and Georgia, to meet with global economic leaders, including Vladimir Karapetyan, Ambassador to Ukraine, and Vahan Kerobyan Minister of Economy, both from the Republic of Armenia. He also met with the Head of Customs to discuss import and export assistance to facilitate transportation in and out of the Republic of Armenia.
Bergio is currently negotiating the 50% purchase of a factory located in the Republic of Armenia. The company is awaiting documents to review inventory, assets, and conduct all financial due diligence on the anticipated acquisition.
Vahan Kerobyan, Minister of Economy of the Republic of Armenia, and Berge Abajian, CEO of Bergio
Berge Abajian, CEO of Bergio, and Vladimir Karapetyan Ambassador to Ukraine from the Republic of Armenia
Bergio International Plans to Expand Overseas Jewelry Manufacturing
"Further establishing our international manufacturing footprint will allow us to expand and contract our jewelry production as needed," shared Berge Abajian, CEO of Bergio International. "This will enable us to gain a stronger control over cost while continuing to improve the quality that our customers have grown to expect from our brands."
The labor force in Eastern Europe is as competitive as the far east and has only been growing stronger. The area offers superior talent in jewelry manufacturing and higher ethical standards in factories, making the thriving region a desirable international hub. The location is also a key factor, allowing Bergio to open the key Russian market that is readily available from the Republic of Armenia.
Bergio has been on a mission to grow, diversify and increase its global presence since going public back in 2008. They recently acquired Aphrodite's, a fast-growing jewelry e-tailer, for $5 million, and GearBubble, a B2B e-commerce fulfillment platform, for $3.2 million. To meet the ever-growing customer demands, it was imperative to solidify overseas manufacturing operations. The most recent acquisitions require manufacturing to be nimble and pivot on a dime to increase inventory on product styles that become popular. And since the items will be manufactured within the Bergio supply chain, the quality will remain high.
About Bergio International, Inc.
The Bergio brand, the primary portfolio asset, is associated with high-quality, handcrafted, and individually designed pieces with a European sensibility, Italian craftsmanship, and a bold flair for the unexpected. Established in 1995, Bergio's signature innovative design, coupled with extraordinary diamonds and precious stones, earned the company recognition as a highly sought-after purveyor of rare and exquisite treasures from around the globe. With family jewelry roots reaching back to the 1930s, founder, CEO, and designer Berge Abajian is a third-generation jeweler, blending superior knowledge in design and manufacturing to create unparalleled collections in craftsmanship and style. The Bergio brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000. For further information, please visit www.bergio.com.
This press release includes forward-looking statements regarding our business strategy and plans as well as expectations of future growth, all of which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical in nature and include those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the U.S. Securities and Exchange Commission, including those detailed under the caption 'Risk Factors' in our Annual Report for the year ended December 31, 2019 filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the 'Act') protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
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SOURCE: Bergio International, Inc.