Bergamo Acquisition Corp. (BGMO)

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arifhabibbank.com

Henderson, NV—
BGMO.pk Bergamo Acquisition Corp Agrees to Sell 70% of Solar Power Project in Sindh Pakistan



Henderson, NV - Jan 7th - Bergamo Acquisition Corp (BGMO.PK) has organized a public unlisted corp. BERGAMO E&A CORP. BAC, as project manager of a proposed 500 MGW solar energy project in Pakistan, entered into a joint venture proposal to sell, at an agreed price, 70% interest in Bergamo E&A Corp to AES CORP who will have management and construction control.

BAC is supported by a 20 year power purchase agreement with the Government of Pakistan valued at $ 2,245,000,000 billion US dollars. BAC has formed, in Pakistan, a new corporation known as Shahbaz International Investment and Securities Corp (SII&SC), which will receive transfer of profits from the proposed joint venture agreement with AES Corp. Anticipated profits are projected at 2,430,000 per year based on 200 MGW facilities.

SII&SC has also entered into MOU with Arif Habib Bank to pursue joint ventures within Pakistan.


From Jan to April, 2009 SII&SC will have completed plans for projects as below:


-- LED lighting facility
-- Solar Panel manufacturing facility
-- Water Desalinization
-- Dairy Products
-- License with Japanese company to supply products for distribution in Pakistan
-- Commercial Finance and Factoring Company in Conjunction with Bank.

Arif Habib Bank investment division plans to organize an IPO in Pakistan incorporating all of the above developments. BAC, SII&SC and Arif Habib Bank's objectives thru the IPO are to encourage investiment of US dollars in Pakistan through renewable energy and as described above in a number of other projects.

Please refer to prior announcement dated Jan 5th, 2009 and other announcements regarding Government supports agreements at www.pinksheets.com trading symbol bgmo.


Statements included in this release related to Bergamo Acquisition Corp., Inc., may 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, and the Company's ability to obtain new orders 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.

For more information please contact [e-mail]
Hillard Herzog, President, Bergamo Acquisition Corp, Tel [phone]

Source: Bergamo Acquisition Corp