SOURCE: EastBridge Investment Group

November 20, 2008 12:01 ET

EastBridge Investment Group's Management Updates Shareholders

PHOENIX, AZ--(Marketwire - November 20, 2008) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced management updates regarding the Company's current business activities.

1) The Company's auditor team from Jewett, Schwartz, Wolfe & Associates of Hollywood, Florida, is in China presently completing their final data testing work for Yewo and Wenda; several other clients are scheduled to be worked on during the first quarter of 2009;

2) The Company's auditor team is also scheduled to audit our two newly acquired subsidiaries before their return to the USA in late December;

3) The Company's first two selected listing clients: Yewo and Wenda are to be listed probably in the first quarter of 2009, instead of the fourth quarter of 2008 due to the delay in the audit process. Other listing clients will follow in the second, third and fourth quarters of 2009;

4) The Company has decided to delay new acquisitions until the general economic environment improves;

5) The Company is on target to obtain additional listing clients for 2009. EastBridge's management team continues to visit potential clients and conduct its due diligence on these candidates.

Keith Wong, CEO, commented, "In spite of the current economic and financial conditions worldwide, the Company is staying its course to take its clients public. The listing process requires resources and capital; it is also time-consuming and controlled by government regulators. We will be diligently pursuing our corporate objectives but will be patient as we are committed to creating long term shareholder value."

EastBridge maintains a branch office in Beijing, China, to assist in the legal and auditing work for our 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