Bergamo Acquisition Corp. (BGMO)

[Greengo]

Pakistani Government Confirms in Writing the Sovereign Guarantee for Bergamo's $1 Billion USD Pakistani Energy Projects


Bergamo Makes Two Letters Available on the Bergamo Corporate Web Site

LAS VEGAS, Oct 05, 2009 (BUSINESS WIRE) -- Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced the receipt of two letters regarding the Pakistani Energy Projects. The first letter dated October 1, 2009, from the Sindh Board of Investment for the Province of Sindh in Pakistan refers to the $1 Billion USD investment in the power sector for the Province of Sindh. The purpose of the letter was to forward the second letter confirming the Sovereign Guarantee for the $1 Billion USD projects from the Pakistani Government's Board of Investment, part of the Ministry of Investment for Pakistan. The letter states, "I am pleased to confirm that the power purchased by the Government of Pakistan through PEPCO/NTDC is backed by the sovereign guarantees of the Government of Pakistan." The letter is signed by Shabir Riaz for Mr. Arif Elahi, Secretary, Sindh Board of Investment for the Government of Sindh.
Hillard Herzog, President and CEO of Bergamo Acquisition Corp, commented, "I am very excited that we now have in our hands the confirmation of the Sovereign Guarantee for the investor. This means we can immediately move forward on closing this investment and get these projects funded and started."

Plans are now for Mr. Herzog to travel to Europe next week to complete final negotiations for the investment. As stated in a press release of September 22, 2009, the Company expects to be able to announce the completion of the agreements and the funding shortly now that the investor has been supplied with proof of the Sovereign Guarantee.

These documents are available for viewing on the Bergamo web site at:

http://www.bergamocorp.com/?p=198

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.

SOURCE: Bergamo Acquisition Corp.



CONTACT:
Bergamo Acquisition Corp. Hillard Herzog, President & CEO, 702-269-0820 [e-mail] www.BergamoCorp.com or Investor Relations: Quarterback Investor Relations John Pentony, President, 972-292-8930 [e-mail] or The Eversull Group, Inc. Jack Eversull, President, 972-378-7917 [e-mail]
Copyright Business Wire 2009
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KEYWORD: United States
Pakistan
Asia Pacific
North America
Nevada
INDUSTRY KEYWORD: Energy
Alternative Energy
SUBJECT CODE: Contract/Agreement
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