Bergamo President Hillard Herzog Traveling to Europe & Asia to Join the Bergamo Harbinson’s Team as they Finalize Contracts...
Bergamo Acq Corp (OTC) (USOTC:BGMO)
Intraday Stock Chart
Today : Tuesday 2 November 2010
Click Here for more Bergamo Acq Corp (OTC) Charts.
Bergamo Acquisition Corp. (OTC:BGMO) announced today that Hillard Herzog, CEO of Bergamo Acquisition, Corp., will travel to New Delhi, London, Mumbai and Singapore over the next three to four weeks. Mr. Herzog will join with Bergamo Harbinson’s CEO, Mr. Subhahsh Shisodia next week as they will conclude contracts for six hybrid thermal power plants ranging in power from 10 megawatts to 35 megawatts. Each power plant will be a separate deal under its own contract. The value of these contracts will be from about $40 million USD to $140 million USD. The contracts should include the ten percent up front payment and the balance secured by an irrevocable letter of credit as with the deal announced on October 25, 2010. Also participating in this effort will be Vivek Sinha of Bergamo Harbinson and Ali Adnan of Bergamo Investments Ltd. (UK).
Mr. Herzog commented on the upcoming projects, “I will be traveling for about three weeks with the goal to complete and initially fund all six of these agreements. I am certain that our shareholders will be pleased to hear that with each of these contracts we should receive ten percent of the funding upon execution of the contracts with the balance on irrevocable letters of credit.”
