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Bergamo Acquisition Corp. Completes Arrangements for Disbursing $100 Million USD Initial Funding

^{Published on 2010-06-24 06:41:49 - Market Wire}
 

LAS VEGAS--([ BUSINESS WIRE ])--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, aThis 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.a

Bergamo's management will travel to Europe next week to make arrangements to disburse funds from the Companya™s subsidiary.The $100 Million USD, as previously announced on May 20, 2010, will bedisbursed to acquire revenue generating pending acquisitions. The Company also plans to announce the list of the employees who will be working for Bergamo's Subsidiaries and have also worked closely on the Due Diligence. The personnel have experience in banking and energy and are on the Board of major multinational companies.

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.