Bergio Signs to Acquire Famous Italian Designer Mario Panelli

newsroom · 11-24-2009, 07:43 AM

FAIRFIELD, - Bergio International, Inc. announces today that it has entered into a Definitive Agreement to acquire famous Italian designer Mario Panelli.

Mario Panelli reported $1.5 million in inventory, $1.4 million in sales for 2008, with moderate earnings. Bergio completed the acquisition for the cost of $1,250,000 in cash.

"Bergio is very excited to have acquired famous Italian designer Mario Panelli. Mario Panelli has been in business for over 40 years and is known internationally for his designs; their customers and database will enable Bergio to enter the European, Russian, South American, and Middle Eastern markets," stated Berge Abajian, CEO of Bergio International, Inc.

11-24-2009, 07:43 AM	#1
newsroom Administrator Join Date: Jun 2008 Posts: 198	Bergio Signs to Acquire Famous Italian Designer Mario Panelli FAIRFIELD, - Bergio International, Inc. announces today that it has entered into a Definitive Agreement to acquire famous Italian designer Mario Panelli. Mario Panelli reported $1.5 million in inventory, $1.4 million in sales for 2008, with moderate earnings. Bergio completed the acquisition for the cost of $1,250,000 in cash. "Bergio is very excited to have acquired famous Italian designer Mario Panelli. Mario Panelli has been in business for over 40 years and is known internationally for his designs; their customers and database will enable Bergio to enter the European, Russian, South American, and Middle Eastern markets," stated Berge Abajian, CEO of Bergio International, Inc.

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