SOURCE: EastBridge Investment Group

December 20, 2007 08:00 ET

EastBridge Investment Group Announces Its Fifth Stock Dividend -- Record Holders of December 28, 2007 to Receive Dividend for EBIG's Energy Corporation Subsidiary

PHOENIX, AZ--(Marketwire - December 20, 2007) - EastBridge Investment Group ( (OTCBB: EBIG) today announced that it has appropriated for distribution, a total of ten million shares or five percent of the common stock of Energy Corporation, on a pro-rata basis and without considerations to its shareholders of record on Friday, December 28, 2007. Energy Corporation, a wholly owned subsidiary of EastBridge, focuses on energy equipment manufacturers and the energy distribution business in Asia. The eligible shareholders will automatically receive the stock certificates or electronic deposits into their accounts when the Energy Corporation's stock is listed and begins trading.

Energy Corporation is scheduled to be spun off as a public company within twelve to eighteen months, subject to receiving all the necessary approvals. EastBridge's Energy Corporation subsidiary will be growing internally and looking for merger opportunities prior to going public.

Norm Klein, COO and CFO of EastBridge Investment Group, remarked, "This is EBIG's fifth dividend share distribution announcement since the Company began trading in June 2007. We will continue setting up wholly owned subsidiaries as we enter new business sectors and will spin off the wholly owned subsidiaries as soon as possible as public companies."

EastBridge Investment Group focuses on small to medium-size high-growth companies in the Far East including 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. EastBridge and EastBridge shareholders will ultimately own a diversified portfolio of growing international companies.

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.
    480-966-0808 (fax)
    Email Contact

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