SOURCE: EastBridge Investment Group

September 25, 2008 08:00 ET

EastBridge Investment Group Acquires 51% Stake in Chinese Copper Valve Manufacturer, Ji-Bo

Revenue Estimated to Exceed $15 Million -- Net Income in Excess of $1 Million

PHOENIX, AZ--(Marketwire - September 25, 2008) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has signed an agreement to acquire a controlling interest in Ji-Bo Pipes & Valves Co. in Zhejiang, China. EastBridge has agreed to issue 1,000,000 shares of B-preferred stock in exchange for 51% controlling interest in Ji-Bo. Ji-Bo is a well known supplier of copper parts to the plumbing industry and has been in business for over five years. The company's 2008 revenue and net income are estimated to be $15,909,915 and $1,351,624 respectively; 2007 revenue and net income were $6,816,567 and $721,940 respectively.

A photo of the representative parts manufactured by Ji-Bo can be found at: http://www.ebigcorp.com/photos/JiBoParts.jpg

EastBridge's management feels the underlying stock value for EBIG will continue to increase significantly as more listing clients are obtained, more clients are taken public and more acquisitions are completed.

EastBridge maintains a branch office in Beijing, China, to assist in the legal and auditing work for EBIG's existing clients.

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG's email alert, send a blank email to info@EbigCorp.com.

Forward-Looking Statements:

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Norm Klein
    EastBridge Investment Group Corp.
    480-966-2020
    480-966-0808 (fax)
    Email Contact

    Investor Relations:
    Jack Eversull
    The Eversull Group, Inc.
    972-378-7917
    972-378-7981 (fax)
    Email Contact