BRGO Bergio International Inc (PK)

Bergio International, Inc. (OTCBB:BRGO), Bergio International announced today that they are pleased with the positive third quarter results reported in the 10-Q Financial Statement, third quarter ending September 30, 2010.

The company reported a third quarter sales increase by 35% for total net sales of $343,514 and in the first nine months, sales increased by 26% from $708,959 to $892,509. Gross margins improved from 28% to 52% from the comparable period. The company contributes the positive news to our expansion of our customer base outside the United States and the successful results experienced through our Neiman Marcus line and the JCK Show in Las Vegas earlier in the year.

The 10-Q Financial Statement, ending September 30, 2010, indicates the company improved its current assets which increased by $428,927 and current liabilities decreased by $1,115,966 while working capital increased by $1,544,893 for the 9 month period. The company took a one time share-based expense charge for the second quarter of 2010 for $535,160 which was the result of the termination of our securities purchase agreement with Tangiers LLC. The company also took a one time-share based expense charge in the first quarter for $242,900 for a total combined share-based expense charge in the first two quarters of 2010 for $778,060.

Berge Abajian, CEO of Bergio International, Inc., said, "I am pleased with the positive growth and direction of the company. This was a direct contribution of all the measures that we took in the beginning of the year. I invite all of our shareholders to read our financial statements very closely, specifically the section titled, “Net Loss” found in the Management Discussion and Analysis which explains the turn-around of the company.”

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 100 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.

BERGIO INTERNATIONAL, INC. BALANCE SHEETS         September 30, December 31, 2010 2009 (Unaudited)   Assets: Current Assets: Accounts Receivable – Net $ 442,039 $ 341,695 Inventory 1,526,177 1,378,271 Prepaid Expenses and Other Current Assets 8,614 2,937 Other Receivable   175,000   --   Total Current Assets   2,151,830   1,722,903   Property and Equipment – Net   123,632   160,307   Other Assets: Investment in Unconsolidated Affiliate   5,000   5,000   Total Other Assets   5,000   5,000   Total Assets $ 2,280,462 $ 1,888,210 BERGIO INTERNATIONAL, INC. STATEMENTS OF OPERATIONS (UNAUDITED)         Three Months Ended Nine Months Ended September 30, September 30, 2010 2009 2010 2009     Sales – Net $ 343,514 $ 254,652 $ 892,509 $ 708,959 Cost of Sales   226,031   150,231   428,244   511,925 Gross Profit   117,483   104,421   464,265   197,034   Selling Expenses   51,790   40,065   186,030   170,337   General and Administrative Expenses Share-Based Compensation -- 5,000 -- 15,000 Share Based Services -- 2,000 242,900 46,000 Other   94,107   75,573   342,234   258,200   Total General and Administrative Expenses   94,107   82,573   585,134   319,200   Total Operating Expenses   145,897   122,638   771,164   489,537   Loss from Operations   (28,414 )   (18,217 )   (306,899 )   (292,503 )   Other Income [Expense] Interest Expense (17,929 ) (22,420 ) (49,007 ) (68,067 ) Gain on Sale of Subsidiary -- -- 225,000 -- Financing Costs – Shared Based -- -- (595,160 ) -- Amortization of Debt Discount (39,340 ) -- (85,184 ) -- Change in Fair Value of Derivative 39,125 -- 57,431 -- Loss on Disposal of Equipment -- -- (18,945 ) -- Other Income   --   --   --   1,158   Total Other Income [Expense]   (18,144 )   (22,420 )   (465,865 )   (66,909 )   Net Loss $ (46,558 ) $ (40,637 ) $ (772,764 ) $ (359,412 )   Net Loss Per Common Share - Basic and Diluted $ -- $ -- $ (0.01 ) $ (0.01 )   Weighted Average Common Shares Outstanding – Basic and Diluted   120,607,405   31,022,100   95,222,556   30,962,075 BERGIO INTERNATIONAL, INC. STATEMENTS OF CASH FLOWS (UNAUDITED)     Nine Months Ended September 30, 2010 2009 Operating Activities Net Loss $ (772,764 ) $ (359,412 ) Adjustments to Reconcile Net Loss to Net Cash Used for Operating Activities: Depreciation and Amortization 40,891 47,670 Share-Based Compensation -- 15,000 Share-Based Services 242,900 46,000 Share-Based Financing Costs 595,160 -- Allowance for Doubtful Accounts (6,000 ) 6,000 Amortization of Debt Discount 85,184 -- Change in Fair Value of Derivative (57,431 ) -- Gain on Sale of Subsidiary (225,000 ) -- Loss on Disposal of Equipment 18,945 -- Sales Returns and Allowances Reserve (34,808 ) (97,545 )   Changes in Assets and Liabilities [Increase] Decrease in: Accounts Receivable (94,344 ) 374,963 Inventory (169,406 ) (141,517 ) Prepaid Expenses (5,677 ) 32,385 Increase [Decrease] in: Accounts Payable and Accrued Expenses   (1,981 )   22,379 Total Adjustments   388,433   305,335   Net Cash Used for Operating Activities   (384,331 )   (54,077 )