Bergamo Acquisition Corp. (BGMO)

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Bergamo Acquisition Corp. Completes Arrangements for Disbursing $100 Million USD Initial Funding
Date : 06/24/2010 @ 9:30AM
Source : Business Wire
Stock : Bergamo Acquisition Corporation
(BGMO)
Quote : 0.035 -0.005 (-12.50%) @ 5:00PM


Bergamo Acquisition Corp. Completes Arrangements for Disbursing $100 Million USD Initial Funding
Bergamo Acq Corp (OTC) (USOTC:BGMO)
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Bergamo Acquisition Corporation (OTCPK: BGMO) today announced that after protracted and complicated efforts, the $100 Million USD initial funding will begin to be disbursed next week. Multiple trips to the UAE, India, New York City and London were necessary to complete the final arrangements.

Hillard Herzog, CEO of Bergamo, remarked, “This has been the most difficult task due to multinational banking regulations and the Patriot Act. We have endured, persevered and finally are in a position to begin disbursements of' the initial $100 Million USD funding. We have had the funds but the dilemma has been in complying with the regulations necessary to be able to begin disbursement. We will provide additional updates to shareholders regarding fund disbursement in the near future.”