Bergamo Acquisition Corp. (OTC: BGMO) announced today that the Company has retired ten million shares of common stock. Bergamo retired the shares effective November 9, 2010. The shares were issued as restricted shares in anticipation of a financing that is no longer necessary. The certificate for these shares was never out of the personal control of Bergamo management. The certificate for these shares was forwarded by overnight courier earlier this week to the transfer agent. The transfer agent is already in possession of stock powers that assign the shares to Bergamo Acquisition Corp.
Mr. Herzog commented on the retired shares, “I am excited to return these shares to the Company’s treasury stock. I am committed to reducing the number of shares outstanding to enhance the value of Bergamo stock for our current shareholders.”
As announced last week, Bergamo Acquisition Corp. President Hillard Herzog leaves this week for Europe and Asia. The Company will be updating investors as additional Turn Key Project contracts are concluded and funding is received. The Bergamo web site will be updated with significant information as well during Mr. Herzog’s travels. Visit it at: http://www.bergamocorp.com.
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This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.