Bergamo Acquisitions Corp. Announces $100 Million USD Funding through The Bank of India

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Tue Sep 8, 2009 4:59pm EDT

Financing Initially Announced on July 27, 2009 
LAS VEGAS--(Business Wire)--
Bergamo Acquisition Corp. (OTC Pink Sheets: BGMO) announced today a $100 million
USD financing to be funded through The Bank of India. Bergamo Acquisition Corp.
will use the funding to finance domestic projects, although there are no
limitations on the use of funds. The funding is a loan and is secured by
Bergamo`s common stock at a price of $1.00 per share. Additional tranches are
available at between $2 and $4 per share at the discretion of Bergamo
Acquisition Corp. Bergamo intends to repay the loan within twelve months.
Domestic projects have already been identified and secured for the use of these
funds, and those projects will be announced shortly. Bergamo will be drawing
down the first $10 million USD this week. In advance of the first tranche,
Bergamo is required to guarantee the commission to the agency that arranged the
transaction. The language of the standby letter of credit has now been approved
for the first $10 million, USD. Bergamo will be required to draw down the full
$100 million USD within 31 days. 

Hillard Herzog, President and CEO of Bergamo, commented, "I am very pleased that
we can get started with these additional projects. I do want to mention that the
initial funds will also be used to make Bergamo more transparent. We will start
the process to make Bergamo Acquisition Corp a fully reporting Company and move
to the OTC Bulletin Board or higher." 

This funding is separate and apart from the Pakistani Energy projects which were
announced last week with the $1 billion USD equity investment. Speaking about
those projects, Bergamo Executive Vice President and Director, Sohail Parekh,
said, "I am excited with the speedy progress of our energy projects and the
encouragement by the global financial markets in order to bring this mega
project to attainment, which will improve the standard of living for Pakistan
and its people." 

Another use of funds will be the buy-back of 5,162,158 free trading shares. Full
details of this transaction will be released shortly. 

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, that: (i) Bergamo E&A will successfully develop power
projects in Pakistan. Such statements or information reflect Bergamo E&A's
current views with respect to future events and are subject to certain risks,
uncertainties and assumptions. 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 E&A's 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 E&A 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. 





Bergamo Acquisition Corp.
Hillard Herzog, President & CEO, 702-269-0820
hillardbergamo@aol.com
www.BergamoCorp.com
or
Investor Relations:
Quarterback Investor Relations
John Pentony, President, 469-252-3030
John@QuarterbackIR.com
or
The Eversull Group, Inc.
Jack Eversull, President, 972-378-7917
jack@theeversullgroup.com

Copyright Business Wire 2009

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