SOURCE: EastBridge Investment Group

EastBridge Investment Group

May 19, 2010 13:29 ET

EastBridge Investment Group Announces First Quarter Results for Tsingda Century Education

PHOENIX, AZ--(Marketwire - May 19, 2010) -  EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its client, Tsingda has achieved an impressive growth in net income from operations in the first quarter of 2010.

Mr. Hui Zhang, CEO of Tsingda, commented, "Our first quarter revenue was $3,514,784, a 5% increase and our first quarter net income was $1,611,977, a 128% increase, compared to the first quarter of 2009. This represents a net/revenue ratio of 46%. With about 40 company-owned stores opening soon, we expect to achieve an annual increase of at least 40% in net income for 2010. We look forward to our stock beginning to trade on the AMEX soon."

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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.
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    The Eversull Group, Inc.
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