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Bergio Intl. Enters Russia's Retail Market

Oct 4, 2011 1:17 PM   By Jeff Miller
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RAPAPORT... Bergio International Inc., through its partnership with Estet Jewelry Company,  debuted their collections in Russia at  Junwex Moscow in September.

"Our partnership with Estet Jewelry Company, one of the largest jewelry manufacturers in Moscow with approximate revenues of over $200 million and supplier to over 7,000 stores in Russia, was very successful," said Berge Abajian, the chief executive of Bergio International.

Abajian added that the brand is now in 16 stores with the plan to increase that number to 100 by the end of 2012. ''We are projecting that the Moscow expansion will yield over $3 million in revenue by the end of 2012,'' Abajian said.

''We are further pursuing our business plan for acquisitions in the jewelry industry. We currently have LOI's signed and we are diligently trying to finalize our funding to proceed with these acquisitions. Once the funding is completed, it will be announced.

Bergio International placed advertisements in JW Marriott, which was ''extremely successful,'' and they will be featured in Ritz Carlton's magazine for the fourth quarter of 2011.

Tags: bergio, Jeff Miller, moscow, Russia
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