SOURCE: EastBridge Investment Group

June 12, 2007 08:00 ET

EastBridge Investment Group Distributes Dividend Shares

PHOENIX, AZ--(Marketwire - June 12, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has distributed to its shareholders a total of 5 million shares, on a pro-rata basis and with no considerations, or five percent of the common stock of Fiber One Ltd., Hong Kong, China. These shares were distributed to shareholders of record on Monday, June 11, 2007. The Company also plans to distribute 5 million dividend shares for another subsidiary, Nanotek Ltd., Beijing, China, to shareholders of record on July 11, 2007 under the same conditions. Fiber One provides services to the fiber optics industry in China and Japan and Nanotek deals in products and services in nano electronics and chemical industries.

Keith Wong, President and CEO of EastBridge Investment Group, said, "These two wholly owned subsidiaries are scheduled to be spun off as publicly traded U.S. companies within twelve to eighteen months from the dividend distribution dates, subject to receiving all necessary approvals."

EastBridge Investment Group focuses on small-to-medium size high growth companies in 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 retain distribution.

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