Bergamo Acquisition Corp. Announces Project for Lebanon
08 Marzo 2010 - 8:20AM
Business Wire
Bergamo Acquisition Corp. (OTC Pink Sheets: BGMO) is pleased to
announce a new solar power project for the Republic of Lebanon.
This week Bergamo key management will travel to Lebanon to conclude
the Letter of Intent ("LOI") with the Government of Lebanon.
Attending this meeting on March 11, 2010 for Bergamo will be Salim
Chamdia and Haseeb Fatani, both Vice Presidents of Bergamo E &
A. Attending the meeting for Bergamo subsidiary Suntrough Energy,
Inc. will be Fazal Chaudhry. The total cost for the project will be
USD $500 Million. Under the terms of the LOI, the Lebanese
government will provide 100% of the total finance package. Bergamo
E & A will be responsible for the technical know-how and will
provide a turn-key operation for the government of Lebanon under
the terms of the LOI and the letter of credit to be issued by the
Lebanese government to support Bergamo activities and its
involvement in the project.
The Letter of Credit will be issued to Bergamo E & A, the
wholly owned subsidiary of Bergamo Acquisition Corp. It should be
noted that Bergamo will not be required to find a lender or finance
source for the project. It should be also be noted that all of the
terms have already been agreed to in advance of this meeting. This
meeting is to formalize understandings and move forward between
Bergamo E & A and the Government of Lebanon.
For most of the past two weeks, Bergamo President and CEO
Hillard Herzog has been overseas in connection with the agreement
with Esoft Informatics Private Ltd. The Company anticipates an
announcement on that funding shortly. Mr. Herzog's travels are
total and apart from the project in Lebanon as announced in this
release today.
The Bergamo team is aggressively working on other projects and
will be updating investors as developments are confirmed.
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.
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