BERGAMO ACQUISITION CORPANNOUNCES THE RECEIPT OF US $ 35 MILLION IRREVOCABLECASHBACKEDFUNDING GUARANTEE RECEIVED BY its BANK IN HENDERSON, NV.
(EMAILWIRE.COM, March 18, 2011 ) Henderson, NV -- Bergamo Acquisition Corp (OTC:BGMO.pk)The management of Bergamo Acquisition Corp is pleased to confirm its previous announcements in which the company committed to providing its shareholder's with specific verifiable financial information. The company has pledged to release the specifics of its financial agreements and together with this information each and every shareholder has the opportunity to verify its authenticity.
An irrevocable, transferable, divisible and cashed backed Stand by Letter of Credit in the amount of 35 Million US Dollars has been issued to Bergamo Acquisition Corp as beneficiary. The fee'srequiredto establish this credit facility has been set at 2%, partial transfers in the use of this financial document is permissible. The SBLC has been provided by USCFII (http://www.uscapitalfundingii.com) an AAA rated trust by the authority of its CEO Robert Flower. The Letter of Credit is valid thru March, 17th, 2014.The 35 Million US Dollar SBLChas been forwarded by USCFII directly to Bergamo Acquisition Corp's prime Bank in Henderson,NV.The financial instrument providing the $ 35 Million US Dollars facility can be made available upon written request from all verifiable shareholders.
The Safe Keeping Receipt disclosed previously to provide additional liquidity to the company will be completed and announced with the specifics within the next 10 businessdays. The initial funding will be confirmed with a bank statement, bank name and dollar amount, Account number, and the contact information of the bank. The first deposit will be in amount of$ 20 million US Dollars and 2nddeposit of which will not be less than$ 15 million US Dollars willfollow within 30 working days. This is associated with the previously announced investment program.
In order to update our Hybrid Thermal Power Projects in India a Techno Commercial Bid prepared by Bergamo Acquisition Corp and Suntrough Energy Inc is in the final stage of discussion. Our client has received a Bank Letter indicating the ability of the company to obtain financial performance guarantees for the project up to 250 MW and the financial commitment to complete the project has been submitted to the client.
The company has decided to provide its shareholder's with a newwebsite.http://www.bergamoenergy.com. This website is now under construction and will closely identify with the companies strategic planning.
Safe Harbor Statement: 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.
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Hillard Herzog, President