Bergamo Acquisition Corp. Announces Historic Funding in the Amount of $100 Million USD
January 12 2010 - 8:30AM
Business Wire
Bergamo Acquisition Corp. (Pink Sheets: BGMO) is pleased to
announce the Company has closed on a $100 Million USD financing
yesterday, January 11, 2010. The financing is with ESoft
Informatics Private Ltd, in conjunction with Newby &
Associates, Shannon K. Newby, President. The contract, as executed,
requires the deposit of $25 Million USD into Bergamo Acquisition
Corp's CitiBank account in Henderson, Nevada. An additional $75
Million USD must be deposited into the same account no later than
22 banking days from yesterday's closing.
These funds will help facilitate the domestic funding as
previously announced in connection with the acquisitions of
GreenSafe Demanufacturing, Inc., Suntrough Energy, Inc., the
Japanese mobile software company acquisition announced yesterday,
and the financial services industry subsidiary the Company intends
to announce later this week.
Bergamo President Hillard Herzog commented on this historic
funding, "Yesterday we closed the biggest funding in the history of
Bergamo Acquisition Corp. This now locks in the domestic funding of
$250 Million USD. This means that we can immediately this week move
on our acquisitions for the benefit of our shareholders. By the end
of this week we will also have funded the required application fees
for our Pakistan Energy Projects that is connected with our
receiving the $1 Billion USD Sovereign Bank Guarantee from the
Government of Pakistan which insures the payment of all energy from
the Pakistani Energy Projects."
The purpose of this news release is to clarify the point that
all of the announced acquisitions that the company has signed
tentatively will be finalized sometime this week. These include
Suntrough Energy, Inc., GreenSafe Demanufacturing, Inc., the
Japanese mobile software company and the financial services
subsidiary.
The Company has been asked repeatedly to indicate that funding
has taken place. The Company can now assure shareholders that $25
Million USD will be deposited into the Company's bank account as
agreed, and the remaining $75 Million USD balance due will be
received and deposited no later than 22 banking days from the
closing date of the agreement yesterday. The Company can further
assure our shareholders that this is just the beginning of what the
Company has committed to do. The Company will be updating
shareholders on a regular basis with the progress in all of these
areas.
Certain statements contained in this document may constitute
"forward-looking statements." When used in this document, the words
"may," "would," "could," "will," "intend," "plan," "anticipate,"
"believe," "estimate," "expect," "investigate," "looking at" as
they relate to Bergamo Acquisition Corp. or its management, are
intended to identify forward-looking statements or information.
Such forward-looking statements include, among others, the
expectations or claims, as applicable. Forward-looking statements
and information are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management,
are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Many factors could
cause Bergamo actual results, performance or achievements to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements or information, including among other
things, those risk factors which are discussed elsewhere in
documents that Bergamo files from time to time with securities
regulatory authorities. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements or information prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected.
Bergamo Acquisition Corp. expressly disclaims any intention or
obligation to update or revise any forward-looking statements and
information whether as a result of new information, future events
or otherwise. All written and oral forward-looking statements and
information attributable to us or persons acting on our behalf are
expressly qualified in their entirety by the foregoing cautionary
statements.
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