SOURCE: Bergamo Acquisition Corp.

February 28, 2007 08:30 ET

Bergamo Secures Financing From Greenbridge

CORONA, CA -- (MARKET WIRE) -- February 28, 2007 -- Bergamo Acquisition Corp. (PINKSHEETS: BGMO) and Greenbridge Capital today received funding on the bridge loan portion of a comprehensive financing arrangement. The deal structure includes a line of credit facility of perhaps as much as $10 million for purchase order financing, to be used to purchase merchandise for Clothestime II stores. The agreement also would provide for accounts receivable factoring and a bridge loan of $1 million for eighteen months. Of these elements, the bridge loan has funded. The financing has other terms undisclosed at this time.

Hillard Herzog, Bergamo president, said, "With these funds we would establish and fully stock new Clothestime II stores and provide for up to four inventory turns per year in our warehouses. We are committed to continued negotiations to finalize the balance of this financing. Doing so would establish our ability to re-open Clothestime II stores in the country's best markets."

About Bergamo Acquisition Corp. (BGMO)

Bergamo Acquisition Corp. is a unique brand management company focused on the clothing industry. Bergamo currently runs a small wholesale business that delivers upper quality branded and unbranded merchandise to wholesalers and retailers. In addition, Bergamo owns 55% of Clothestime II, a subsidiary in the process of formation, that owns the "name" and other intangible assets associated with the former "Clothestime" clothing chain, and which is formulating plans for relaunching the Clothestime brand and store chain. Further information is available at www.BergamoCorp.com.

Statements included in this release related to Bergamo Acquisition Corp., Inc., 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 as to whether said financing will in fact occur, and if it occurs, on what terms. Such statements involve other 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.

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