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Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
Bergamo Acquisition Corp. CEO Hillard Herzog Today Featured in Podcast Interview
Ticker Symbol: U:BGMO
LAS VEGAS -- (Business Wire) --
Hillard Herzog, CEO of Bergamo Acquisition Corp. (OTC Pinksheets: BGMO), was featured in a podcast interview on StockGuru.com released after the close of market today. In the interview, Mr. Herzog gave additional details and further explained the $1 billion USD investment into Bergamo's wholly owned subsidiary, Bergamo E & A, as announced on Tuesday. Mr. Herzog also discussed the status of the $100 million USD domestic funding announced on July 27, 2009.
To listen to the interview, please visit: http://www.stockguru.com/2009/09/bgmo-hillard-herzog/
On Friday, September 4, 2009 at 1:40 PM Pacific Time Mr. Herzog will also appear live on "The Big Biz Show" with Sully on the Business Talk Radio Network. To find out more and to listen live, please visit: http://www.bigbizshow.com.
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.
CONTACT
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
100 million dollar domestic financing comming,aquistions in the US.
Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
This investment comes as a direct result of the Government of Pakistan�s issuance of its Sovereign Guarantee to Bergamo E & A for the purchase price of all of the energy to be produced by the projects and for the absolute guarantee of payment for the energy produced by the projects. It should be noted that the Government of Pakistan has never failed to pay an obligation backed with its Sovereign Guarantee.
The soverign guarantee is the reason bgmo stock will go through the roof, no dilution to th the shareholders.
Bergamo Acquisition Corp. CEO Hillard Herzog Today Featured in Podcast Interview
Ticker Symbol: U:BGMO
LAS VEGAS -- (Business Wire) --
Hillard Herzog, CEO of Bergamo Acquisition Corp. (OTC Pinksheets: BGMO), was featured in a podcast interview on StockGuru.com released after the close of market today. In the interview, Mr. Herzog gave additional details and further explained the $1 billion USD investment into Bergamo's wholly owned subsidiary, Bergamo E & A, as announced on Tuesday. Mr. Herzog also discussed the status of the $100 million USD domestic funding announced on July 27, 2009.
To listen to the interview, please visit: http://www.stockguru.com/2009/09/bgmo-hillard-herzog/
On Friday, September 4, 2009 at 1:40 PM Pacific Time Mr. Herzog will also appear live on "The Big Biz Show" with Sully on the Business Talk Radio Network. To find out more and to listen live, please visit: http://www.bigbizshow.com.
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.
CONTACT
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
Bergamo operates with the support of the government of Pakistan. The Company’s investment and growth will occur on a strict “as-needed” basis, with projects initiated only when their commercial prospects are reasonably assured and the investment risk is minimized. The President of the Islamic Republic of Pakistan, the Honorable Asif Ali Zardari, has been instrumental in assisting Bergamo Acquisition Corp and Bergamo E & A in bringing these clean and renewable energy projects to the people of Pakistan.
Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
next week is going to be huge,
Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
Reality breakout comming
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
John pentony on buisness talk radio yesterday
go to archives hour 1 tuesday sept.1
Bregamo news
http://www.businesstalkradio.net/weekday_host/Archives/bbs.shtml
google
buisness recorder
Reality
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
mainstream media comming soon
GLTA
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
GLTA
John pentony on buisness talk radio yesterday
go to archives hour 1 tuesday sept.1
Bregamo news
http://www.businesstalkradio.net/weekday_host/Archives/bbs.shtml
Nobody knows about this story yet,but they will soon.
$1 billion dollars
50 million shares outstanding
no dilution to the stock with financing, equals
$20 dollars a share, simple math.
GLTA
John pentony on buisness talk radio today;
go to archives hour 1 tuesday sept.1
Bregamo news
http://www.businesstalkradio.net/weekday_host/Archives/bbs.shtml
2009
Written by John Pentony on September 1, 2009
Dear Members,
Here is what I will be discussing on the Big Biz Show.
How to listen? Go here for details: http://www.stockguru.com/about-stockguru/how-to-listen-live-to-the-big-biz-radio-show/
Or go to their web site: http://bigbizshow.com/
TODAY’S TOPICS:
Bergamo Acquisition Corp – BGMO – What is this $1 billiion funding about?
Dear Members,
Here is what I will be discussing on the Big Biz Show.
How to listen? Go here for details: http://www.stockguru.com/about-stockguru/how-to-listen-live-to-the-big-biz-radio-show/
Or go to their web site: http://bigbizshow.com/
TODAY’S TOPICS:
Bergamo Acquisition Corp – BGMO – What is this $1 billiion funding about? READ IT HERE.
Do not believe a word aston has to say. he has been bashing this stock since .05,I believe he is short, and now has $1 billion reasons to panic,watch for alot more great news comming from BGMO soon.
GLTC
Bergamo stock is worth between $5.00 to $20.00 based on this financing.
Done deal on the financing.
Congratulation to Hillard and Sohail.
Bergamo Acquisition Corp. Announces One Billion Dollar Investment in Subsidiary Bergamo E & A
Ticker Symbol: U:BGMO
LAS VEGAS -- (Business Wire) --
Bergamo Acquisition Corp. (OTC Pinksheets: BGMO) has entered into a contract with LondonWall Investments Ltd. for a $1 Billion USD equity investment into Bergamo's wholly owned subsidiary, Bergamo E & A, a Pakistani Corporation. The investment will fund the previously announced energy projects in Pakistan, including the clean coal plant and a series of solar projects. This investment comes as a direct result of the Government of Pakistan�s issuance of its Sovereign Guarantee to Bergamo E & A for the purchase price of all of the energy to be produced by the projects and for the absolute guarantee of payment for the energy produced by the projects. It should be noted that the Government of Pakistan has never failed to pay an obligation backed with its Sovereign Guarantee.
It is through the Sovereign Guarantee that LondonWall Investments Ltd. has agreed to the funding of Bergamo E & A in the amount of $1 Billion USD. The total value of the energy to be produced by the projects through the contract period is approximately $2 Billion USD, which represents the approximate value of the Sovereign Guarantee.
In place of the previous funding arrangements, Bergamo E & A obtained Pakistan�s Sovereign Guarantee. With that Sovereign Guarantee in place, it was determined that the best alternative for all parties concerned was to use the Sovereign Guarantee for investment purposes. In consideration for the $1 Billion USD investment, LondonWall Investments Ltd. will receive 5% of all gross revenues generated by the energy projects in perpetuity and 5% of all gross revenues from ventures funded with this investment. Additionally, LondonWall Investments Ltd. will share in 50% of the profits from any projects funded through this investment. There are no restrictions on the use of the funds.
Bergamo Acquisition Corp also announced the vendors that will be participating in the energy projects. An agreement has been reached with Shabaz Coal Energy Company to build the clean coal plant in the Province of Sindh in Pakistan. The solar projects in Pakistan will be handled by Suntrough Energy Pakistan Ltd.
Final arrangements are being made with the Government of Pakistan for the energy projects. Once the Government of Pakistan confirms the $1 Billion USD investment into Bergamo E & A, the Government will enter into a contract on these projects as outlined in the Letters of Intent signed in July. Bergamo CEO, Hillard Herzog, commented, "I am very pleased with the results of our negotiations. Twenty-one days were spent in Pakistan in July making certain that we had absolutely everything we needed to get this deal done. Shareholders should note that this is an equity investment into our subsidiary, Bergamo E & A. The use of the sovereign guarantee makes no repayment of the obligation and no issuance of shares of common stock or warrants. We will keep shareholders informed of material events regarding the progress of these projects."
The next steps in this process include the following: (1) Bergamo and the investor will prove to the satisfaction of the Pakistan Government that the $1 Billion USD is available for the project to commence; (2) the Pakistan Government will enter into contract on the clean coal and solar energy projects as outlined in the Letters of Intent; (3) the projects will be funded and construction will commence. The clean coal energy project is contracted to be completed within 14 to 18 months upon signing of the contract with the Pakistan Government. The first of the solar energy projects is expected to be online in approximately nine months following the signing of the contract with the Pakistan Government.
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.
CONTACT
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
Bergamo to the launch pad.
www.bergamocorp.com
Highlights of Coal Project — Bringing Clean Energy to Pakistan
· 544 MW Clean Coal plant has been approved by Pakistan’s Ministry of Water & Power.
· $60M USD payment guarantee from Government of Pakistan upon Bergamo Acquisition Corp.’s ability to complete the required $420M financing.
· $416M USDE standby letter of credit to be issued by Government of Pakistan to secure future energy sales. This letter of credit is to be renewed for an additional 24 months and the subsequent year to complete the term of the power purchase agreement.
· 200 acres of land next to the Sindh Sea is in place with grid line energy distribution, coal mining. Roads have been developed and the Pakistani government will provide water access at their expense. Complete identification of project is available upon request.
· Memorandum of understanding signed with Arif Habib Bank Lts., who will be the investment bank in Pakistan as well as serving as investment advisors.
· $191M USD fuel component please review power purchase agreement complete discription of epc contract and power purchase agreement is in the power point presentation.
South Asia
Aug 25, 2009
Pakistan seeks US, China aid on energy
By Syed Fazl-e-Haider
QUETTA, Pakistan - Energy-deficient Pakistan is seeking help from the United States and China to help it overcome its energy crisis through a long-term upgrade and diversification of the antiquated power sector as larger cities suffer power cuts on a daily basis.
Power deficit again rises to 2,500 megawatts
RECORDER REPORT
LAHORE (August 22 2009): Due to change in weather condition the electricity shortfall in the country against shot up to 2500 MW, as hot and humid weather pushed up electricity demand on Friday. Ministry of Water and Power said that the humid and hot weather has raised electricity demand by more than 1600 MW during last 24 hours.
Giving the power situation data as of 21-08-2009 (as on 12:00 am) the ministry said that the total generation was 13317 MW against a demand of 15821 MW thus pushing up the shortfall to 2504 MW. It said the government has announced a comprehensive plan to provide relief to the consumers in the month of Ramazan and there will be no load shedding during Sehr, Iftar and Taraveeh timings for domestic consumers and efforts are underway to bridge the demand and supply gap.
Following the London meeting, Mr. Herzog will return to a meeting in New York late next week. This will be to wrap up final details of the domestic financing for $100M USD. The domestic financing is totally separate and apart from the international financing and will cover a number of domestic acquisitions
'US energy task force to meet in October': US to issue visas from Karachi, says Holbrooke
RECORDER REPORT
KARACHI (August 20 2009): Announcing a "major turn" in its relations with Pakistan, President Obama-led US government on Wednesday announced to start issuing 100 business visas per week from Karachi and a three-pronged strategy to help Islamabad resolve the "complex problem" of energy shortage.
"I announce here that US would begin giving 100 visas per week to the business community (in Karachi)... the economic and commercial hub of your great nation," said Richard Holbrooke, US President's Special Envoy for Pakistan and Afghanistan, while addressing a press conference here at a hotel.
Flanked by Deputy Chief of Mission, Feirstein, and Ambassador Robin Raphel, the US envoy said his country, under President Obama, had brought "a major turn" in its ties with Pakistan, the stress of which would now be on the needs of all Pakistanis instead of Swat, Buner and other border areas. "We are committed to helping you on the issues like, as you have told us, the energy," Holbrooke said.
He said that from next year Washington would also restore the consul services to its consuls-general in the country, which, according to him, has a growth-oriented private sector and a "resilient economy with many opportunities".
The envoy said US was prepared to help Pakistan in addressing the issue of energy shortfall, a "complex problem" that had developed over many years and was taking a heavy toll on the socio-economic fabric of the crises-hit country. "Pakistan needs to prepare a plan for catering its energy needs" through harnessing various alternative resources, like hydel power, he added.
Based on information contained in the last press release, we are issuing a Trade Alert on BGMO.
The CEO is in London this week. He is there to – QUOTING THE RELEASE - “…close the financing for the Company’s Pakistani Energy Projects…”
FURTHER QUOTING:
“A clean coal energy plant in Pakistan is the Company’s first project. Bergamo Acquisition Corp. will forward a letter to the Pakistan Government confirming that funding for the clean coal energy plant is available in the amount of $501,953,400, after the scheduled meeting.
“Upon the proof of funding, the Government of Pakistan, pursuant to the Letter of Intent, will prepay 14% of the energy purchases for the plant’s first five years of energy production. Energy sales are contracted to be $208M USD per year. This agreed fee is projected to be approximately $140M USD and will be paid to Bergamo E&A.
Although the timeline for some of the meetings has been pushed back due to travel concerns in light of the H1N1 virus, Bergamo is following its timeline in order. Next week's London meeting is to close on the financing.
Following the London meeting, Mr. Herzog will return to a meeting in New York late next week. This will be to wrap up final details of the domestic financing for $100M USD. The domestic financing is totally separate and apart from the international financing and will cover a number of domestic acquisitions
Looks like things are going well in London.
Bergamo Acquisition Corp. CEO Hillard Herzog to Travel to London to Close on Financing for the Previously Announced Energy Projects
Ticker Symbol: U:BGMO
This is not just about solar.
LAS VEGAS -- (Business Wire) --
Hillard Herzog, CEO of Bergamo Acquisition Corp. (Pink Sheets: BGMO), announced today its wholly owned subsidiary, Bergamo E&A, a Pakistani Corporation, will close the financing for the Company�s Pakistani Energy Projects in London next week. A clean coal energy plant in Pakistan is the Company�s first project. Bergamo Acquisition Corp. will forward a letter to the Pakistan Government confirming that funding for the clean coal energy plant is available in the amount of $501,953,400, after the scheduled meeting.
Upon the proof of funding, the Government of Pakistan, pursuant to the Letter of Intent, will prepay 14% of the energy purchases for the plant�s first five years of energy production. Energy sales are contracted to be $208M USD per year. This agreed fee is projected to be approximately $140M USD and will be paid to Bergamo E&A.
Although the timeline for some of the meetings has been pushed back due to travel concerns in light of the H1N1 virus, Bergamo is following its timeline in order. Next week's London meeting is to close on the financing.
Following the London meeting, Mr. Herzog will return to a meeting in New York late next week. This will be to wrap up final details of the domestic financing for $100M USD. The domestic financing is totally separate and apart from the international financing and will cover a number of domestic acquisitions.
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.
CONTACT
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
John@QuarterbackIR.com
or
The Eversull Group, Inc.
Jack Eversull, President
jack@theeversullgroup.com
US to steer Pakistan out of power crisis: Holbrooke comes with new mandate
PEER MUHAMMAD
ISLAMABAD (August 17 2009): In a major policy shift, the US Special Representative to Pakistan and Afghanistan, Richard Holbrooke, on Sunday said that his country would assist Pakistan in steering out it from its worse energy crisis. He is currently in Pakistan on his fifth official visit since assuming this charge, and this time he focused on the energy crisis, instead of combating terrorism as he had done in his earlier visits.
Addressing a joint press conference with Foreign Minister Shah Mahmood Qureshi after holding a series of meetings with Pakistan's leadership including Nawaz Sharif.
The US representative is reported to have discussed a host of issues of mutual importance including energy crisis as Pakistan is badly suffering from it, at present. Halbrooke is reported to have said that US supports democracy in Pakistan.
Highlights of Coal Project — Bringing Clean Energy to Pakistan
· 544 MW Clean Coal plant has been approved by Pakistan’s Ministry of Water & Power.
· $60M USD payment guarantee from Government of Pakistan upon Bergamo Acquisition Corp.’s ability to complete the required $420M financing.
· $416M USDE standby letter of credit to be issued by Government of Pakistan to secure future energy sales. This letter of credit is to be renewed for an additional 24 months and the subsequent year to complete the term of the power purchase agreement.
· 200 acres of land next to the Sindh Sea is in place with grid line energy distribution, coal mining. Roads have been developed and the Pakistani government will provide water access at their expense. Complete identification of project is available upon request.
· Memorandum of understanding signed with Arif Habib Bank Lts., who will be the investment bank in Pakistan as well as serving as investment advisors.
· $191M USD fuel component please review power purchase agreement complete discription of epc contract and power purchase agreement is in the power point presentation.
SHEIKHUPURA (August 16, 2009)
Prime Minister Syed Yousuf Raza Gilani said, in short term the government was focusing to meet the immediate power requirements of the country, but medium and long term power planning included the development of indigenous resources, including vast hydropower resources and exploiting the enormous deposits of coal besides using all other available options for creating an optimum fuel mix.
`
ISLAMABAD (updated on: August 16, 2009, 18:35 PST): The US Special Envoy to Pakistan and Afghanistan, Richard Halbrooke has assured that the US would assist Pakistan to overcome power crisis.
Addressing a joint press conference after meeting with Foreign Minister Shah Mehmood Qureshi on Sunday, Halbrooke said the US support democracy in Pakistan.
The US envoy said Pakistan faces severe energy crisis, adding he would brief the US congress on this issue. He further said that his country was supporting Pakistan in energy and economic sectors.
Bergamo Acquisition Corp. CEO Hillard Herzog to Travel to London to Close on Financing for the Previously Announced Energy Projects
Ticker Symbol: U:BGMO
LAS VEGAS -- (Business Wire) --
Hillard Herzog, CEO of Bergamo Acquisition Corp. (Pink Sheets: BGMO), announced today its wholly owned subsidiary, Bergamo E&A, a Pakistani Corporation, will close the financing for the Company�s Pakistani Energy Projects in London next week. A clean coal energy plant in Pakistan is the Company�s first project. Bergamo Acquisition Corp. will forward a letter to the Pakistan Government confirming that funding for the clean coal energy plant is available in the amount of $501,953,400, after the scheduled meeting.
Upon the proof of funding, the Government of Pakistan, pursuant to the Letter of Intent, will prepay 14% of the energy purchases for the plant�s first five years of energy production. Energy sales are contracted to be $208M USD per year. This agreed fee is projected to be approximately $140M USD and will be paid to Bergamo E&A.
Although the timeline for some of the meetings has been pushed back due to travel concerns in light of the H1N1 virus, Bergamo is following its timeline in order. Next week's London meeting is to close on the financing.
Following the London meeting, Mr. Herzog will return to a meeting in New York late next week. This will be to wrap up final details of the domestic financing for $100M USD. The domestic financing is totally separate and apart from the international financing and will cover a number of domestic acquisitions.
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.
CONTACT
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
John@QuarterbackIR.com
or
The Eversull Group, Inc.
Jack Eversull, President
jack@theeversullgroup.com
Bergamo’s CEO Leads Delegation to Pakistan in July of 2009 to Finalize Energy Projects
Posted by admin on August 5, 2009 · Leave a Comment
C.M. HOUSE KARACHI: A delegation of Bergamo E & A Corporation Limited headed by Chief Executive Officer Hillard Herzog called on Chief Minister Sindh Syed Qaim Ali Shah at Chief Minister House
New pictures on the website.
www.bergamocorp.com