SOURCE: EastBridge Investment Group

EastBridge Investment Group

December 14, 2009 08:00 ET

EastBridge Investment Group Signs Joint Venture and Listing Agreement With a Congo Gold Mine Company

PHOENIX, AZ--(Marketwire - December 14, 2009) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has signed a Joint Venture and Listing agreement with a new client, Long Whole Enterprises, Ltd. ("Long Gold"). Long Gold's primary business is precious metals in Africa. EastBridge and Long Gold will jointly invest in the preliminary exploration work of the mine. EastBridge has also been retained to assist Long Gold to become listed on the NYSE-AMEX or Nasdaq as soon as practical.

Mr. Mikio Yoneda, CEO of Long Gold, in Tokyo, Japan, commented, "We have recently acquired a 60% ownership in a gold mine in the DRC, Democratic Republic of Congo. The preliminary engineering report for a small area in the mine estimates the gold reserve to be more than 200 tons. The mine has about 400 workers today using manual methods to wash sand and mud to recover gold. We want to raise capital to install advanced machinery to increase the gold quantity significantly."

Mr. Norm Klein, EBIG's COO/CFO, commented, "This is a very special opportunity for EBIG to enter this resource rich continent, Africa. In addition to the listing work, we have also obtained the right to participate in the preliminary survey and exploration work of the mining area. In return, EBIG will have a higher ownership stake than we normally get for listing a client on a United States stock exchange."

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.

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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.
    480-966-0808 (fax)
    Email Contact

    Investor Relations:
    Jack Eversull
    The Eversull Group, Inc.
    972-378-7917 or 972-571-1624
    972-378-7981 (fax)
    Email Contact