SOURCE: EastBridge Investment Group

June 14, 2007 08:00 ET

EastBridge Investment Group Announces Its Client, Hui Hong Heavy Steel, Won New Contracts

PHOENIX, AZ--(Marketwire - June 14, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG), the first and only Over the Counter Bulletin Board company (http://www.EbigCorp.com) devoted to bringing small to medium sized, high growth companies from China and India public in the U.S., today announced that Tianjin Hui Hong Heavy Steel Construction Company, Ltd. (http://www.tjhuihong.com), has received several new contracts in China. EastBridge has already begun work in taking Hui Hong Heavy Steel public in the United States.

Keith Wong, President and CEO of East Bridge Investment Group, said, "Hui Hong Heavy Steel has been selected to supply structural steel for the China Central TV headquarters in Beijing, a multi-use office and retail complex with two 52-story towers totaling 4.2 million square feet. The project is to be completed within two years. We are very pleased by the progress of our client, which is one of the major suppliers of steel for the 2008 Summer Olympics in Beijing. EastBridge owns a substantial equity stake in this company as compensation for its work to take this company public in the U.S. stock market."

Norm Klein, CFO and COO, remarked, "It has been facetiously said that the Chinese National Bird is the Construction Crane. Hui Hong is the type of company that EastBridge feels is a shareholder value builder that will continue to benefit from the fast growing Chinese economy. Our shareholders and EastBridge will benefit with share dividends and an ownership stake respectively, in Hui Hong once it becomes publicly traded in the United States."

Hui Hong has also been selected to supply the steel for the Passenger Terminal Building at the Shenyang Taoxian International Airport, which is also scheduled to be completed within two years. Hui Hong Heavy Steel is a major supplier of steel to the growing commercial and industrial construction businesses in China.

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

    Jack Eversull
    The Eversull Group, Inc.
    972-991-1672
    972-991-7359 (fax)
    Email Contact