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Bergamo Acquisition Corp.a?s Indian Subsidiary Signs Agreement for $41.5 Million USD and is Initially Funded by Check for $4.3

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  Published in Business and Finance on Monday, October 25th 2010 at 10:05 GMT by Market Wire
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NEW DELHI & LAS VEGAS--([ BUSINESS WIRE ])--Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced today that Bergamo Harbinsons Energy, Ltd., a Joint Venture Company with Bergamo Acquisition Corp. USA, has entered into a joint development agreement with Pilot Technologies, Ltd. of New Delhi, India. The agreement totals 1.95 Billion Rupees or $41.5 Million USD. Initial funding was received today in the form of a check for 200 Million Rupees or $4.3 Million USD. This is based on the most recent exchange rate.

"I am excited to have reached this landmark agreement with Pilot Technologies, Ltd. of India, and look forward to continuing to build shareholder value for our Company."

The handing over of the check in New Delhi is pictured at this link along with other key details: [ http://www.bergamocorp.com ]

Pilot Technologies, Ltd. is an ISO 9001 certified Company which manufactures and provides technology for SMF Batteries and VRLA Batteries used in Solar Power Thermal Plants and other power back up applications. The Company is also in the business of renewable energy and constructs Solar and Solar Thermal Hybrid Power Projects in India.

The Turn Key Agreement between the parties is for the sale of a 10MW Solar Hybrid Thermal Power Plant in Nalagarh District, Himachal Pradesh, India. The agreement was reached between Subhash ShIshodia, CEO of Bergamo Harbinsons Energy, Ltd.and Mr. K Gaurav, Executive Director of Business Development for Pilot Technologies, Ltd. India. Both men are pictured on the Bergamo web site.

The plant will be procured by Bergamo Harbinsons Energy Ltd. and will be supplied by a California based solar technology company. More information on this agreement and other business will be announced later this week.

Hillard Herzog, President and CEO of Bergamo Acquisition Corporation, noted, "I am excited to have reached this landmark agreement with Pilot Technologies, Ltd. of India, and look forward to continuing to build shareholder value for our Company."

Forward-Looking Statements: 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.