SOURCE: EastBridge Investment Group

September 27, 2007 08:00 ET

EastBridge Investment Group Signs All Cash Agreement With Australia's AREM Wine

PHOENIX, AZ--(Marketwire - September 27, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has signed a definitive listing agreement to take AREM Wine Pty, Ltd, www.aremwine.com.au, an Australian wine company in Melbourne, Australia, public in the United States as soon as possible.

Under the terms of the agreement, EBIG will be paid $700,000 in cash, of which $300,000 was paid at signing and $200,000 will be paid when the proper application is filed with the SEC and the remaining $200,000 on actual listing and AREM's stock begins trading. AREM Wine Pty, Ltd is 15% owned by EBIG.

Norm Klein, COO and CFO of EBIG, stated, "We are pleased to have reached this cash agreement with AREM Wine. As we have already completed several all stock transactions for our listing work, this one represents a different approach. It provides an immediate revenue source for EBIG versus the longer term stock compensation method."

Dr. Thomas Tang, President of AREM Wine, said, "We are impressed by the professionalism and efficiency of the EBIG team. We are confident that we will become a U.S. public company soon."

AREM distributes its wines in Australia as well as China and Southeast Asia. Its main market, however, is China. AREM is concentrating on meeting the demands for their exclusive Australian wines from China. To learn more about AREM Wine Pty, Ltd go to: www.aremwine.com.au.

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

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