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eMediaWorld.com: Bergamo Acquisition Corp (Bgmo.Pk) Agrees To Sell 70% Of Solar Power Project In Sindh Pakistan
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:08012009
Henderson, NV -- Bergamo Acquisition Corp (bgmo.pk) has organized a
public unlisted corp. BERGAMO
E&A CORP. BAC as project manager of proposed 500 MGW Solar Energy
project in Pakistan entered into a joint venture proposal to sell at
agreed price 70% interest in Bergamo E&A Corp to AES CORP who will have
management and construction control.
BAC supported by 20 year power purchase agreement with Government of
Pakistan valued at 2,245,000,000 Billion US Dollars. BAC has formed in
Pakistan new corporation Shahbaz International Investment and
Securities Corp (SII&SC) who will receive transfer of profits from
proposed joint venture agreement with AES Corp, Anticipated profit
projected at 2,430,000 per year based on 200 MGW facilities.
SII&SC has entered into MOU with Arif Habib Bank to pursue joint
ventures within Pakistan.
From Jan to April, 2009 SII&SC will have completed plans for projects
as below:-
a) LED lighting facility
b) Solar Panel manufacturing facility
c) Water Desalinization
d) Dairy Products
e) License with Japanese company to supply products for distribution in
Pakistan
f) Commercial Finance and Factoring Company in Conjunction with Bank.
Arif Habib Bank investment division to organize IPO in Pakistan
incorporating all of the above developments. BAC and SII&SC and Arif
Habib Bank objective thru and IPO to bring to Pakistan investment of US
Dollars in renewable energy and as described above in a number of other
projects.
Please refer to prior announcement dated Jan 5th, 2009 and other
announcements regarding Government supports agreements at
http://www.pinksheets.com trading symbol bgmo.
Statements included in this release related to Bergamo Acquisition
Corp., Inc., may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements involve a number of risks and uncertainties such as the
ability to locate additional debt or equity financing on reasonable
terms, competitive factors, market demand for the Company's products,
and the Company's ability to obtain new orders and fulfill them on
profitable terms. Further information on potential risk factors that
could affect the Company's financial results can be found in the
Company's reports filed with the Pink Sheets News Service.
Keywords BERGAMO ACQUISITION CORP, Industry Alternate Energy
Permalink:
http://www.emediaworld.com/press_release/release_detail.php?id=313540
CONTACT: Mr. Hillard Herzog, President, Bergamo Acquisition Corp
Tel: +1 702 269 0820
e-mail hillardbergamo@aol.com
WWW: http://www.bergamocorp.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2009 M2 Communications Ltd.
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