LAS VEGAS--(BUSINESS WIRE)--Bergamo Acquisition Corp. (Pink Sheets: BGMO) is pleased to announce the Company has closed on a $100 Million USD financing yesterday, January 11, 2010. The financing is with ESoft Informatics Private Ltd, in conjunction with Newby & Associates, Shannon K. Newby, President. The contract, as executed, requires the deposit of $25 Million USD into Bergamo Acquisition Corp's CitiBank account in Henderson, Nevada. An additional $75 Million USD must be deposited into the same account no later than 22 banking days from yesterday's closing.
These funds will help facilitate the domestic funding as previously announced in connection with the acquisitions of GreenSafe Demanufacturing, Inc., Suntrough Energy, Inc., the Japanese mobile software company acquisition announced yesterday, and the financial services industry subsidiary the Company intends to announce later this week.
Bergamo President Hillard Herzog commented on this historic funding, "Yesterday we closed the biggest funding in the history of Bergamo Acquisition Corp. This now locks in the domestic funding of $250 Million USD. This means that we can immediately this week move on our acquisitions for the benefit of our shareholders. By the end of this week we will also have funded the required application fees for our Pakistan Energy Projects that is connected with our receiving the $1 Billion USD Sovereign Bank Guarantee from the Government of Pakistan which insures the payment of all energy from the Pakistani Energy Projects."
The purpose of this news release is to clarify the point that all of the announced acquisitions that the company has signed tentatively will be finalized sometime this week. These include Suntrough Energy, Inc., GreenSafe Demanufacturing, Inc., the Japanese mobile software company and the financial services subsidiary.
The Company has been asked repeatedly to indicate that funding has taken place. The Company can now assure shareholders that $25 Million USD will be deposited into the Company's bank account as agreed, and the remaining $75 Million USD balance due will be received and deposited no later than 22 banking days from the closing date of the agreement yesterday. The Company can further assure our shareholders that this is just the beginning of what the Company has committed to do. The Company will be updating shareholders on a regular basis with the progress in all of these areas.
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. 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 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 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.