NEWS BGMO Has Concluded Agreements to Acquire Companies
Bergamo Acquisition Corp. Has Concluded Agreements to Acquire Companies
HENDERSON, NV, Oct 02, 2007 (MARKET WIRE via COMTEX News Network) --
Bergamo Acquisition Corp. (PINKSHEETS: BGMO) has concluded agreements to acquire 100% of the following companies.
Outstanding Inc and its License to Distribute selected merchandise under the "RAMPAGE" label.
WFT Concepts LLC -- Calwell Corporation -- Phoenix International Trading Inc. -- Bergamo Kelly Inc. -- Red Star Inc. has acquired famous Brand Label "SOHO GIRL" -- "SOHO LADY" -- AND "SOHO KIDS."
The Company has also entered into agreement to acquire 70% of Exclusif Company and 70% of Attila Company. Who now distribute for sale their products using various designers' labels such as MONTANA, UNGARO, ROBERTA SCARPA AND JACKERSON OF ITALY to Retailers such as BERGDORF GOODMAN - SACKS FIFTH AVE etc.
To consolidate its strong position with the above Acquisitions. The company has entered into production contracts to acquire 51% of the outstanding stock in ANHUI TIANRUI and SH SARXI enabling the company to control its product and secure export incentives granted by the Government of China and Pakistan.
The company also has entered into final negotiations to acquire 51% of THE LEVITIES INC. Owner of the important brand label "GILYARD."
In Consideration of the recent above acquisitions. The company expects its 2008 fiscal year beginning with Feb 1st, 2008 and ending Jan 31st, 2009 to produce sales of US Dollars 175,600,000 and before tax profits of US Dollars 8,730,000. These are company estimates based on prior years operations and of course subject to review.
In conjunction with the above the company had previously announced an agreement to engage an accounting firm SEC qualified to enable it to prepare audited financial statements necessary to comply with those reporting requirements of the SEC.
Statements included in this release related to Bergamo Acquisition Corp., Inc., constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the ability to locate additional debt or equity financing on reasonable terms, competitive factors, market demand for the Company's products, continuing customer satisfaction with the Company's merchandise and delivery schedule, and the Company's ability to obtain new orders from the customers and fulfill them on profitable terms. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's reports filed with the Pink Sheets News Service.
Contact: Hillard Herzog President Tel 310 871 8369
SOURCE: Bergamo Acquisition Corp.
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