SOURCE: EastBridge Investment Group

November 08, 2007 08:00 ET

EastBridge Investment Group's Wholly Owned Subsidiary, Nanotek, Acquired by AREM Wine Company

PHOENIX, AZ--(Marketwire - November 8, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has signed a definitive agreement with AREM Wine Pty for it to acquire Nanotek and assume effective control.

Nanotek is a wholly owned subsidiary of EastBridge. A stock dividend of 5% of Nanotek's common stock or 5,000,000 shares was appropriated for no considerations to EastBridge's shareholders of record on July 11, 2007. The actual dividend stock certificates or brokerage account deposits will be sent as the new company's stock is ready for trading. Under the terms of the share exchange agreement, the new stock ownership structure is: 15% owned by EastBridge, 5% owned by EastBridge's shareholders of record on July 11, 2007 and the remaining 80% owned by AREM Wine's beneficiaries. The new company will be renamed AREM Group International, a U.S. company in Arizona. The closing is expected within ten working days. EastBridge is committed to taking AREM Group International public as soon as practicable in 2008.

Norm Klein, CFO and COO of EBIG, commented, "AREM has successfully established a strong distribution channel in China for their wine products. They now have hundreds of retail outlets. We are happy to see them taking over Nanotek while we assist them in becoming a listed company. EastBridge's and AREM Wine's shareholders will own a well managed Australian wine company with significant potential for appreciation in share value."

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 work has resulted in seven clients in the pipe line to take public versus a goal of four in 2007. Our revenue stream in cash has already started and our equities stream will start to materialize in 2008. We are now beginning to see the benefits of our value creation model."

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