Bergio International, Inc. (OTCMKTS:BRGO) stock closed higher Wednesday, recovering from the recent sell-off. The stock has fallen about 30% over the past month.
Market Reaction:
In Wednesday’s trading session, BRGO stock went up 5% to $0.0065 with more than 5.80 million shares, compared to its average volume of 20.82 million shares. Over the past 52-week, the stock has moved within a range of $0.0060 – 0.0067.
Major Trigger:
Bergio International, Inc. Announces That Crown Luxe, Their Brick-And-Mortar Division, Has Surpassed Last Year’s Sales Revenue as of End of August
Key Highlights:
Bergio International announced today that their Crown Luxe Division has surpassed last year’s sales revenue with a healthier bottom line, based on internal figures through the end of August 2021.
The Crown Luxe Division is part of the Bergio portfolio and was the first time the company applied a direct-to-consumer model. They have been selling their trendsetting jewelry and popular accessories through two brick-and-mortar locations located in Closter, NJ and Ocean Casino Resort in Atlantic City, NJ.
Key Quotes
Berge Abajian, Chief Executive Officer of Bergio International, shared, “The success we have seen from our Crown Luxe Division gives us confidence that expanding our footprint into the direct-to-consumer market through our brick-and-mortar locations was the right move. We are blown away by the success we have achieved in just five short years and look forward to seeing the continued growth of this segment of our expanding portfolio.”
Berge Abajian added, “Surpassing last year’s revenue is just the start. As we move into the future, the direct-to-consumer foundation has been set, allowing for scalable e-commerce growth which will continue to produce increased revenues profits for our all our portfolio assets. We are grateful for our skilled and passionate team that has brought us to this achievement and know their support will help us reach even greater heights.”
