SOURCE: EastBridge Investment Group

July 11, 2007 10:30 ET

EastBridge Investment Group Distributes Dividend Shares

PHOENIX, AZ--(Marketwire - July 11, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has distributed a total of five million shares or five percent of the common stock of Nanotek Inc., on a pro-rata basis and without considerations to its shareholders. These shares are distributed to shareholders of record on Wednesday, July 11, 2007. Nanotek's business deals in electrical and chemical products and services.

Keith Wong, President and CEO of EastBridge Investment Group, said, "Our first wholly owned Chinese subsidiary (Fiber One, Ltd.) is making great progress. Nanotek is our second wholly owned subsidiary and is scheduled to be spun off as a public company within twelve to eighteen months from the dividend distribution date, subject to receiving all the necessary approvals. All our subsidiaries will be working to increase revenues and profits in their respective businesses and at the same time looking for merger opportunities before going public."

Norm Klein, COO and CFO of EastBridge Investment Group, added, "This is our second dividend share distribution since our stock began trading in May, 2007. Our business model is to continue setting up wholly owned subsidiaries as we enter new business sectors. Most of these wholly owned Chinese subsidiaries will be spun off as publicly trading U.S. companies as soon as feasible. Our shareholders will eventually own a series of EastBridge related companies."

EastBridge's shareholders will receive stock certificates or their brokerage accounts will be notified via electronic deposits just prior to the above subsidiaries going public, which will occur in 2008.

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, food and retail 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.

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Contact Information

  • Contact:
    Norm Klein
    EastBridge Investment Group Corp.
    480-966-2020
    480-966-0808 (fax)
    Email Contact

    Jack Eversull
    The Eversull Group, Inc.
    972-378-7917
    972-378-7981 (fax)
    Email Contact