SOURCE: EastBridge Investment Group

EastBridge Investment Group

March 01, 2011 08:00 ET

EastBridge Investment Group Announces Stock Dividend of Alpha Lujo Stock

PHOENIX, AZ--(Marketwire - March 1, 2011) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) today announced that it has scheduled to distribute 1,000,000 shares of its US stock ownership in Alpha Lujo, Inc. ("ALEV") to its shareholders for no consideration. All shareholders of EBIG stock on the closing date of March 31, 2011, will receive on a pro rata basis, their allocated shares of Alpha Lujo stock after this dividend registration is filed and approved by the SEC. The size of this dividend represents about 5% of Alpha Lujo, Inc.'s capital stock equity as of today.

Mr. William Tien, CEO of Alpha Lujo, commented, "We see a lot of opportunities in the electrical vehicles business in China, Australia and the USA. We are accelerating our pace to capture the opportunities in the electrical vehicles and advanced batteries businesses. We are in the process of completing the merger of the electrical vehicle entities and Alpha Lujo."

Mr. Norm Klein, COO/CFO of EastBridge, commented, "We are happy to increase our shareholders' value by this planned dividend distribution of Alpha Lujo stock. The stock currently trades around $0.30-$0.50 a share. We will send the appropriate notices and announcements to our shareholders when these dividend shares are approved by the SEC and FINRA and are ready for trading."

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. 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. EBIG is now on Facebook. Join us at the following link: http://www.facebook.com/pages/Eastbridge-Investment-Group/110596462346210.

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
    214-469-2361 (fax)
    Email Contact