BGMO Government GUARENTEED $1 BILLION>Announces One Billion Dollar Investment in Subsidiary Bergamo
Tuesday 09/01/2009 7:10 AM ET - Businesswire

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As of 10:50 AM ET 9/1/09
Bergamo Acquisition Corp. (OTC Pinksheets: BGMO) has entered into a contract with LondonWall Investments Ltd. for a $1 Billion USD equity investment into Bergamo's wholly owned subsidiary, Bergamo E & A, a Pakistani Corporation. The investment will fund the previously announced energy projects in Pakistan, including the clean coal plant and a series of solar projects. This investment comes as a direct result of the Government of Pakistan's issuance of its Sovereign Guarantee to Bergamo E & A for the purchase price of all of the energy to be produced by the projects and for the absolute guarantee of payment for the energy produced by the projects. It should be noted that the Government of Pakistan has never failed to pay an obligation backed with its Sovereign Guarantee.

It is through the Sovereign Guarantee that LondonWall Investments Ltd. has agreed to the funding of Bergamo E & A in the amount of $1 Billion USD. The total value of the energy to be produced by the projects through the contract period is approximately $2 Billion USD, which represents the approximate value of the Sovereign Guarantee.

In place of the previous funding arrangements, Bergamo E & A obtained Pakistan's Sovereign Guarantee. With that Sovereign Guarantee in place, it was determined that the best alternative for all parties concerned was to use the Sovereign Guarantee for investment purposes. In consideration for the $1 Billion USD investment, LondonWall Investments Ltd. will receive 5% of all gross revenues generated by the energy projects in perpetuity and 5% of all gross revenues from ventures funded with this investment. Additionally, LondonWall Investments Ltd. will share in 50% of the profits from any projects funded through this investment. There are no restrictions on the use of the funds.

Bergamo Acquisition Corp also announced the vendors that will be participating in the energy projects. An agreement has been reached with Shabaz Coal Energy Company to build the clean coal plant in the Province of Sindh in Pakistan. The solar projects in Pakistan will be handled by Suntrough Energy Pakistan Ltd.

Final arrangements are being made with the Government of Pakistan for the energy projects. Once the Government of Pakistan confirms the $1 Billion USD investment into Bergamo E & A, the Government will enter into a contract on these projects as outlined in the Letters of Intent signed in July. Bergamo CEO, Hillard Herzog, commented, "I am very pleased with the results of our negotiations. Twenty-one days were spent in Pakistan in July making certain that we had absolutely everything we needed to get this deal done. Shareholders should note that this is an equity investment into our subsidiary, Bergamo E & A. The use of the sovereign guarantee makes no repayment of the obligation and no issuance of shares of common stock or warrants. We will keep shareholders informed of material events regarding the progress of these projects."

The next steps in this process include the following: (1) Bergamo and the investor will prove to the satisfaction of the Pakistan Government that the $1 Billion USD is available for the project to commence; (2) the Pakistan Government will enter into contract on the clean coal and solar energy projects as outlined in the Letters of Intent; (3) the projects will be funded and construction will commence. The clean coal energy project is contracted to be completed within 14 to 18 months upon signing of the contract with the Pakistan Government. The first of the solar energy projects is expected to be online in approximately nine months following the signing of the contract with the Pakistan Government.

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User name: bulls
Password: bears

ECMM closing strong today

Bought ECMM today at .24 interesting news out today, also float info:

ECMM numbers from the TA >> 300MM Auth 79MM OS 9.6MM Float Empire Stock Transfer Inc. 7251 West Lake Mead Boulevard, Suite 300 Las Vegas, NV 89128-8351

The access to the newsletter for the free trial should be ready by mid to late next week from what I heard

The site is undergoing maintence since it recently has received ovewhelming interest in subscriptions. Should take about 1 week to have the site updated so it can handle all the new customers

Login info for the site:

username:bulls
password:bears

this is for the free 30 day trial

Also the site is currently being updated, will take about 1 week to
meet the heavy demands recently occurring.

I shortened it up a little bit got sick of typing in and around the word.

You got THAT right! After reading it you would be happy to have the hide setting to get to the posts.

Still reading, got to go.

Why SYTE is under the radar and undervalued.

There's reason to be optimistic!

•Profitable - no kidding - 3 straight quarters and for the full yr 2004:
--Sitestar Post Profits for First Quarter 2005, May 16, 2005, 02:24 PM US Eastern Timezone.
-Internet service revenue up $57,456 over last year, up $84,809 over previous Quarter. EBITDA for the first quarter 2005 was $222,258.
--Sitestar Post Profitable Year for 2004, Monday, March 28, 2005, 1:20 PM - BusinessWire.

•Reducing Shares - no kidding:
Sitestar Corporation Cancels 20% of Its Issued Shares, Wednesday, December 01, 2004, 3:27 PM - BusinessWire. Reduced more shares since this PR – and more coming. Here’s the proof on reductions: Shares out as of 3/04 = 105 mil, shares out as of 3/05 = 82 mil, therefore, = 23 mil share reduction over last year. CEO states 6 million shares in treasury targeted for cancellation – which will bring outstanding shares to 76 mil. Also, an agreement exists where individual (Manlunas) has agreed to buy 700,000 shares, possibly on the open market, prior to the end of June 2005 (could cause spike in sp)

•Current Outstanding Shares: 82 mil, Float: 61.5 mil.

•Recently rid itself of CD: Sitestar Pays off Ex-Convertible Debenture Holders, Monday, February 28, 2005, 11:21 AM - BusinessWire.

•Top Managers speak out in 5/16/05 PR:
Frank R. Erhartic, Jr., CEO of Sitestar Corporation, commented, "We have once again shown that we can be profitable. Our plans have proven to be sound and have kept us on track for profitability. It looks like 2005 will be the best year yet for Sitestar."
"The tree we planted has grown and is bearing fruit," says Daniel Judd, CFO for Sitestar. "I am confident in our abilities to grow this business and add net worth. The acquisitions we made in 2004 have generated additional revenues and through consolidation we have been able to transfer that to the bottom line.This is just the beginning; there are even more exciting things down the road."

•History of Acquisitions and more to come in future - from 10K:
Strategic Relationships and Acquisitions. The Company has many strategic relationships that allow it to expand its products and services to a wider range of customers. The Company intends to enter into more relationships like these. The company has acquired several companies, assets and customer bases over the last several years and intends to continue to seek out other opportunities that help its business grow.
*Most Recent Acquisition:
Sitestar Corporation Partners with Virginia Beach Internet Service Pro, Tuesday, November 23, 2004, 1:36 PM - PrimeZone. (Note no new shares issued to pay for acquisition, used cash and payments from operations.)

•Strong Balance sheet – cash flow positive and positive shareholder equity of $181,885.

•Key CEO Quotes from 5/31/05 online shareholder chat:

* "As you can see we have made good progress and should be on track for good profitability this year."

* "We are currently working on a number of acquisitions for 2005 which, if they go through, should dwarf the amount of new customers we acquired in 2004. Some of these prospects are even much larger than we currently are."

* "Sitestar’s goals for the next 12 months are:
1. To increase our customer base to over 100,000
2. To increase our revenues and our net profits substantially
3. To continue mergers and acquisitions
4. To pay down much of our existing debt
5. To raise additional capital for larger acquisitions
6. To introduce new products for broadband customers
7. To become a nationally recognized Internet Service Provider
8. To greater expand our markets and coverage area
9. To provide better customer support and customer satisfaction
10. To increase stockholder equity
11. To increase the awareness of our company and stock "

* "We will also be introducing products that will work over broadband like VOIP, backup services and a backup dialup connection. "

* ”We will be doing VOIP this year. That is the plan."

* "We may enter an agreement in the future for working with another company on providing broadband. Some broadband will be picked up in acquisitions.”

* "There are about 6 million (shares) in treasury…the plan is to eventually cancel them. "

•CEO = Frank Erhartic, Jr. has founded own company and has degrees in both Management and Finance - arguably the two most important subjects to grow a business. Has shown himself to be knowledgeable, honest and forthcoming – oh so, unfortunately, rare.

•The Big No’s: No convertible debentures, No S-8’s, No preferred stock issued. No need for financing to support existing operations through share dilution or otherwise - cash flow sufficient to support operations. No of R/S per CEO. No share dilution used for last few acquisitions. No outrageously high salaries for CEO and counterparts.

•Sitestar Corporation is a mid-Atlantic Internet Service Provider (ISP) and computer services company offering a broad range of services to business and residential customers. Sitestar's main customer base is primarily in the Virginia and North Carolina markets but also sells most of its services nationwide. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, Web-hosting and design services, computer sales and repair and other technology-related solutions to its residential and business customers.

Holy crap...that's one heckuva an ibox...