Bergamo Acquisition Corp. (BGMO)

[Aston Martin]

Do I understand right? New LOI'S by the same parties and another trip to London at August 12 to collect another billion? Or is it a deja vu by Herzog


August 3, 2009 - 7:11 AM EDT


Bergamo Corp¿s Wholly Owned Subsidiary Bergamo E & A Receives Two Signed Letters of Intent from the Government of Pakistan
Bergamo Corp’s Wholly Owned Subsidiary Bergamo E & A Receives Two Signed Letters of Intent from the Government of Pakistan

Bergamo Corp is on Track to Close Financing of the Previously Announced Pakistani Energy Projects in Days

Hillard Herzog, the President of Bergamo Acquisition Corp (Pink Sheets: BGMO) and its wholly owned subsidiary, Bergamo E & A, announces the completion of negotiations with the Government of Pakistan. Bergamo E & A received two signed letters of intent (“LOI”) from the Government of Pakistan through designated governmental agencies. Financing for the Pakistani energy projects will be completed as previously announced based on the LOI’s.

The first LOI is with Pakistan’s Alternative Energy Board. That LOI addresses Bergamo’s proposed solar energy project. The second LOI is with The Pakistan Electric Power Company (Private) Limited (“PEPCO”) covering the 540 megawatt clean coal energy rental project. Both LOI’s provide for advance payment to Bergamo E & A for a portion of the energy to be produced. In addition, the Government of Pakistan will provide its sovereign guarantee securing the purchase and payment of power pursuant to the LOI’s as outlined in the agreements.

Details will be disclosed upon the return of Hillard Herzog from Pakistan. His arrival back in the United States is anticipated for August 5, 2009. Full details of the financing required to complete these projects will be released at that time. On Tuesday, August 12, 2009 Mr. Herzog will travel to London, England to close on the financing of the projects. The release of funds is to come immediately thereafter.

Sohail Parekh, the Chairman and Managing Director of Bergamo E & A Corporation would like to place on the record the cooperation and assistance the company received from the Government of Pakistan. The delegation on behalf of the Government of Pakistan included the President of Pakistan Mr. Asif Ali Zardari, Sindh Chief Minister Qaim Ali Shah, Raja Pervaiz Ashraf, Federal Minister for Water and Power, Waqar Ahmed Khan, the Federal Minister for Investments and Mr. Tariq Puri, Federal Secretary, Board of Investments.

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
Email: [e-mail]
Web: www.BergamoCorp.com
or
Investor Relations:
Quarterback Investor Relations
John Pentony, President, 469-252-3030
Email: [e-mail]
or
The Eversull Group, Inc.
Jack Eversull, President, 972-378-7917
Email: [e-mail]