SOURCE: EastBridge Investment Group

EastBridge Investment Group

February 18, 2010 07:30 ET

EastBridge Investment Group Announces Stock Dividend for Tsingda Education Corp

PHOENIX, AZ--(Marketwire - February 18, 2010) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its Board of Directors has authorized the distribution of 300,000 shares (equivalent to 1.5% of Tsingda's current outstanding common stock) of its U.S. stock ownership in Tsingda Education Corp ("Tsingda") to its shareholders for no considerations. All shareholders of EBIG stock on the closing date of March 15, 2010, the dividend record date, will receive on a pro-rata basis, their allocated shares when Tsingda's stock and its dividend registration are approved by the SEC.

EastBridge has been retained to assist Tsingda to become listed on the NYSE-AMEX as soon as practical. Tsingda runs a chain of approximately 1,800 tutoring centers in China, offering after school tutoring classes to students ranging from elementary to high school levels. Its teaching content is delivered in real time via high speed internet to the individual classes every day.

To learn more about Tsingda, please visit their website: http://ir.eee114.com.cn

Mr. Zhang Hui, Chairman of Tsingda, commented, "We look forward to our U.S. IPO no later than June of 2010. We believe our internet based education model will make us the dominant player in the market. Our pre-audit 2009 figures were $14,650,861 and $5,944,978 in revenue and net income representing more than 100% growth over 2008 and about 400% over 2007 in both revenue and net income."

Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership in the client company plus cash fees for the listing services provided.

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

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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.
    480-966-2020
    480-966-0808 (fax)
    Email Contact

    Investor Relations:
    Jack Eversull
    The Eversull Group, Inc.
    972-571-1624
    Email Contact