SOURCE: EastBridge Investment Group

October 26, 2007 07:55 ET

EastBridge Investment Group Taking Chinese Professional College Public

PHOENIX, AZ--(Marketwire - October 26, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has signed a definitive listing agreement to take Wenda Advanced Professional College Group in Anhui, China public in the United States.

EastBridge will provide listing services to Wenda, a major regional professional college located just west of Shanghai, China, with the intent to list the company on the Nasdaq or American Stock Exchange as soon as practicable. It offers professional and vocational educational programs to train post high school students to improve their skills for higher paying jobs. Wenda offers programs mainly in the computer related IT sectors such as network design, hardware technology, computer graphics, CAD, animation, network database and network security.

Norm Klein, CFO and COO of EBIG, commented, "Wenda is in the very high growth education industry. It is estimated that there are over 400 million youths in the 15-to-30-year-old group in China. There is a considerable demand for this kind of service provider. A recent listing on the NYSE of a Chinese company, New Oriental Education & Technology Group, located in Beijing, drew significant attention in the stock market and is trading at over $80 per share. New Oriental Education & Technology Group's model is similar to Wenda's: educating the masses to attain better paying jobs."

EastBridge divides its clients into three annual revenue sizes: Growth: one-ten million dollars; Market-Niche: ten-twenty million dollars; Market-Leader: above twenty million dollars. Wenda is substantially above the Market-Leader category.

Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership in the client company for the listing services provided.

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