SOURCE: EastBridge Investment Group

November 14, 2007 08:00 ET

EastBridge Investment Group Releases Third Quarter Results

PHOENIX, AZ--(Marketwire - November 14, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has filed its third quarter 10Q with the SEC. The company has achieved the following during this past quarter:

--  EBIG has reported a significant revenue increase during the third
    quarter and its first profitable quarter since going public in June 2007.
    
--  EBIG's stock has steadily increased during this past quarter in both
    share volume and price, a positive trend.
    
--  EBIG obtained two additional clients during the second quarter and has
    added two more during October 2007 for a total of seven clients versus a
    goal for 2007 of four.  EBIG plans to begin taking some of them public in
    2008.
    
--  EBIG shareholders of record on July 11, 2007 were appropriated for no
    considerations, a share dividend in Nanotek, Inc., a wholly owned
    subsidiary of EBIG.  EBIG previously announced a stock dividend for
    shareholders of record for June 11, 2007 for Fiber One Ltd., Hong Kong,
    China.  The eligible shareholders of record will automatically receive
    stock certificates or electronic deposits into their broker accounts once
    these stocks are ready for trading.
    
--  EBIG has announced three additional dividend share distributions to be
    made to  shareholders of record on November 16, 2007, November 30, 2007 and
    December 28, 2007.  These distributions will be appropriated with no
    considerations.
    

Revenues increased by $408,779 in the 3rd quarter of 2007, versus the same period in 2006. Net income was $125,200 in the 3rd quarter of 2007 versus a net loss of $78,147 during the same three month period of 2006.

Norm Klein, CFO and COO of EBIG, commented, "We are pleased for this quarter's revenue and profit results. As we continue to work with our current clients to help them become listed on a U.S. stock exchange, the revenue and net income figures will only grow higher. Once we begin to record as income the equity value that we currently hold in these companies due to our listing agreements with them, then EBIG's revenue and profit will increase. We will begin booking the revenue from our equity ownership once our client's stock begins to trade on a U.S. stock exchange. This will begin in 2008."

Keith Wong, CEO of EBIG, added, "Our team has achieved significant accomplishments in the past five months to lay down the foundation for growth. Our revenue stream in cash has already started and our equity stream will start to materialize in 2008. We are now beginning to see the benefits of our value creation model. While we cannot expect every quarter to be profitable, our shareholders can expect our management team to be consistent in our stated long term goals and in our effort to produce results for them."

EastBridge Investment Group focuses on small to medium-size high-growth companies in China and India offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bio science 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.

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, fluctuations in foreign currency exchange, the impact of competitive services and pricing, or general economic risks and uncertainties.

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