Bergio International, Inc. (OTC.BB: BRGO) have entered a deal to acquire Mario Panelli. Mario Panelli is a famous Italian designer. Mario Panelli reported $1.5 million in inventory, $1.4 million in sales for 2008, with moderate earnings. Bergio will acquire the company for a liquidated inventory cost of $1,250,000 in cash. Mario Panelli has been in the business for over 40 years and is known for his designs worldwide.
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About Bergio International, Inc.
Bergio is entering into its 20th year of operations with boutique, upscale jewelry stores. It currently sells its jewelry to approximately 150 independent jewelry retailers across the United States. Bergio has spent millions in branding the Bergio brand through tradeshows, trade advertising, national advertising and billboard advertising since launching the line in 1995.
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