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Bergamo Acquisition Corp.'s Wholly Owned Subsidiary, Bergamo E & A, Has Reached Agreement on the Funding of Pakistani Energy Projects Totaling $1.5 Billion USD

Posted on: Tuesday, 26 May 2009, 05:00 CDT

LAS VEGAS, May 26 /PRNewswire-FirstCall/ -- Bergamo Acquisition Corp. (Pink Sheets: BGMO) today announced that agreement on all terms with its lender to finance energy projects for Pakistan has been completed. The value of all projects is $1.5 Billion USD. Hillard Herzog, President and CEO of Bergamo Acquisition Corp. will travel to Pakistan within the next two weeks, to sign the contracts for the financing.

The projects have expanded in scope since the May 7, 2009 press release. In addition to the clean coal plant and the LED high efficiency lighting mentioned previously, the financing now includes several solar lighting facilities. The first of these solar lighting facilities is anticipated to be operational within 90 days after signing of all agreements.

Pakistan's President, Asif Ali Zardari, has assisted through its investment friendly policy, Bergamo Acquisition Corp. and Bergamo E & A Corp. in bringing these clean energy projects to the people of Pakistan.

Mr. Herzog commented, "Clean energy is very important to the people of Pakistan. I am very pleased that we have been able to work with President Zardari on meeting this most urgent need. I know his commitment is strong to his nation, and abundant clean energy is needed as Pakistan continues to modernize its infrastructure. I would like to sincerely thank President Zardari and Pakistan People's Party for allowing us to be a part of this effort."

Mr. Sohail Parekh, Executive Vice President & Director of Bergamo Acquisition Corp. and Chairman & Managing Director of Bergamo E&A Corp. Pakistan, has been instrumental in bringing together those parties in Pakistan and the management of Bergamo E&A Corp. in assuring that these projects so necessary to the people of Pakistan will be completed.

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, that: (i) Bergamo E&A will successfully develop power projects in Pakistan. Such

statements or information reflect Bergamo E&A's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. 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 E&A's 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 E&A 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.

SOURCE Bergamo Acquisition Corp.

Source: PR Newswire

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