Bergamo Acquisition Corp. Obtains $100 Million Financing Commitment for Shared Credit Facility Secured by Standby Letter of Credit for Acquisitions.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced today the Company has received a financing commitment for a $100 Million shared credit facility with an international corporation based in India. The credit facility will be secured by a standby letter of credit Standby Letter of Credit A stipulation that states a letter of credit will be called back if the payer defaults. Notes: A letter of credit is typically used in international transactions. . This financing will provide the Company initial funding required for its 2009 business plans. This commitment is separate and in addition to the previous announcements which are specifically designated for Pakistan. These financing funds will be used in several acquisitions to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. at a later date. In consideration for the shared credit facility, Bergamo Acquisition Corp. has granted a three year option for the India based corporation and/or its designees to purchase 100 million shares of common stock with registration rights. The options granted will begin on the date funds are received from the credit facility. The exercise price is set at $1 a share. Bergamo Acquisition Corp. will be provided with additional capital toward retiring outstanding debt balances and maintaining sufficient reserves upon the exercise of the options. Bergamo Acquisition Corp. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Hillard Herzog, stated: "We are grateful the Company has been able to construct a viable method for obtaining needed liquidity at a time when traditional lenders are increasingly cautious in extending financing opportunities. This financing structure will immediately reflect our true valuation and more importantly, provide timely liquidity to our Company. The commitments that we have managed to obtain in this climate are indicative of the strength of the Bergamo Acquisition Corp. business model and validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data the firm belief that our diversified diversified (di·verˑ·s portfolio of acquisitions and internal growth plans, both domestic and international, has the unique attention and support of financing sources." Certain statements contained in this document may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." 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 Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. . 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 Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . Should one or more of these risks or uncertainties materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. , 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 The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. by the foregoing cautionary statements. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion