QualityStocks News - Bergamo Acquisition Enters Investment Agreement with National Wealth International
Scottsdale, United States
(IBwire.com -
January 11, 2013) QualityStocks would like to highlight Bergamo Acquisition Corp. (OTCBB: BGMO), a global, diversified holding company. Bergamo and its subsidiaries target strategic investments involving a wide range of financial instruments and businesses, including alternative energy, biotechnology, and healthcare, commercial and investment banking, and hedge funds. Bergamo Acquisition and its affiliates are building a diversified portfolio of large and middle-market companies through strategic majority-interest equity investments and corporate acquisitions, as well as co-investment opportunities with financial institutions.
In the company’s news recently,
Bergamo Acquisition announced that it has signed an investment agreement with National Wealth International Ltd., a privately held investment company.
Bergamo Acquisition’s wholly owned European subsidiary has been provided with cashed-backed securities consisting of three separate tranches of US $500 Million issued through HSBC Bank, one of the world’s largest banking and financial services organizations. These funds from National Wealth International will remain on deposit in accounts held by Bergamo Acquisition’s European subsidiary.
According to the press release, all profits spawned from the use of the funds will be deposited in full to the bank of Bergamo’s European subsidiary company. These profits will be divided 50/50 between National Wealth International Ltd. and the European subsidiary company of Bergamo Acquisition as mandated by the profit-sharing agreement.
Bergamo Acquisition also told investors that the parties have agreed that no less than US $88 million, or its equivalent value in Euros, shall remain on deposit in the account of Bergamo Acquisition’s European subsidiary for a period of one year. This amount represents the initial profit earned from the first US $500 million cash-backed securities investments entered into between the parties previously, as set forth in Bergamo’s most recent consolidated financial report compiled by L.L. Bradford & Company LLC, a public accounting firm based in Nevada.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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