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Wednesday, July 23, 2008 12:40:53 PM
BERGAMO ACQUISITION CORP has acquired WFT Concepts, LLCWFT is expected to generate in excess of $60 million !!!!!!!!!!!!!!!!!!!!!!!!!! in revenues over the coming year and over $5 million in pre-tax profits.
May 2, 2007
Pink OTC Markets News Service
Corona, CA — New York. 2nd May 2007 -- Bergamo Acquisition Corp (BGMO.pk) has acquired WFT Concepts, LLC, a New York Limited Liability Company, for undisclosed cash and stock. WFT is expected to generate in excess of $60 million in revenues over the coming year and over $5 million in pre-tax profits. WFT currently has in excess of $45 million !!!!!!!!!!!!!!!!!!!! in Customers orders to be delivered within the current fiscal year.
Hillard Herzog, Bergamo president, said, "WFT is a tremendous acquisition for Bergamo shareholders. They have a series of premier brands, strong management, and strong sales and profits. They are a perfect fit for our vision of Bergamo as a manager of brands. This acquisition transforms Bergamo in significant ways. Bergamo now has a deep portfolio of brands, significant revenues, and profits. We will leverage this latest acquisition by opening Redstar stores in the US and by cross-selling our other brands where appropriate. In addition, the acquisition of WFT validates our strategy and sets the stage for further acquisitions, revenues, and profits."
Key brands include Rampage, Lion Brands, Campus, Adamo, Pamela Stewart, and a license to distribute the Redstar label in the USA both wholesale and retail. In addition to being a brand of clothing, Redstar is a leading retailer with retail stores located in the European market. Clients of WFT include such retailers as TJ Maxx, JC Penny, Sears and Ross Stores.
Debt Financing for the acquisition came from Platinum Funding Group.
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