Shares and Warrants of new BVI company commence trading separately

BGS Acquisition Corp., a blank check company registered in the British Virgin Islands, announced that The PrinceRidge Group LLC, the representative of the underwriters of its initial public offering of units, which was consummated on March 26, 2012, has notified the BVI company that, starting with May 18, 2012, the holders of BVI company’s units may separately trade the ordinary shares and warrants underlying the units. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol BGSCU.

The PrinceRidge Group LLC acted as sole book-running manager and representative of the underwriters of the offering.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on March 20, 2012.

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