Bergio International, Inc. acquired Aphrodite, Inc. from Digital Age Business, Inc.
February 17, 2021
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Bergio International, Inc. (OTCPK:BRGO) acquired Aphrodite, Inc. from Digital Age Business, Inc. on February 9, 2021. Aphrodite's had revenues in excess of $10 million in 2020.
Bergio International, Inc. (OTCPK:BRGO) completed the acquisition of Aphrodite, Inc. from Digital Age Business, Inc. on February 18, 2021. The transaction was settled through issuance of 3,000 preference shares and 49,000 common shares. An additional 1,900 preference shares will be issued as earnout payment if Aphrodite meet the adjusted financial projections as set forth in the Acquisition Agreement. Bergio issued promissory notes. Jonathan Foltz, the President and CEO of Digital Age, and certain other key employees will continue to be employed.
Bergio International, Inc. is engaged in the product design, manufacturing and distribution of fine jewelry primarily in the United States. Its products consist of a range of jewelry styles and designs made from precious metals, such as gold, platinum and Karat gold, as well as other precious stones. Its product range is divided into three fashion lines: an 18 karats (K) gold line, a bridal line, and a couture and/or one of kind pieces. The Bergio brand is associated with handcrafted and individually designed pieces with European sensibility, Italian craftsmanship and a bold flair for the unexpected. The Bergio brand designs consist of upscale jewelry that includes white diamonds, yellow diamonds, pearls, and colored stones, in 18K gold, platinum, and palladium. It designs and produces approximately 100 to 150 product styles. Its manufacturing control over its line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities located in Italy.
BERGIO INTERNATIONAL, INC. 
