SOURCE: EastBridge Investment Group

September 11, 2008 08:00 ET

EastBridge Investment Group's Auditor Team On Site at Yewo Group

PHOENIX, AZ--(Marketwire - September 11, 2008) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its CEO, CFO and the Company's auditor CPA firm, Jewett, Schwartz, Wolfe & Associates of Hollywood, Florida, are on site with Yewo Group in China. The auditors are meeting with the client's accounting managers to examine their records and will continue the site visit until Thursday afternoon, China time. The team will then travel to Qinhuangdao, China to visit another EBIG client, HuanWai Pharmaceutical. There are four clients of EastBridge that are in the process of being taken public in the United States and that will be listed on a U.S. stock exchange in the near future.

Attached are three photos of the Yewo audit meeting. Photos available at:

http://www.ebigcorp.com/photos/jsw1yewo.jpg

http://www.ebigcorp.com/photos/jsw2yewo.jpg

http://www.ebigcorp.com/photos/jsw3yewo.jpg

EastBridge's management feels the underlying stock value for EBIG will increase significantly once these client companies' stocks start trading in the fourth quarter of 2008 and first quarter of 2009. Jewett, Schwartz, Wolfe & Associates will perform the GAAP/GAAS audit work for these clients and as soon as the reports are completed, EastBridge will begin the legal work to make the clients public companies.

EastBridge maintains a branch office in Beijing, China, to assist in the legal and auditing work for our existing clients.

EastBridge divides its clients into three annual revenue sizes: Growth: one-ten million dollars; Market-Niche: ten-twenty million dollars; Market-Leader: above twenty million dollars. Wenda is substantially above the Market-Leader category. Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership plus cash fees in the client company 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. To receive EBIG's email alert, send a blank email to info@EbigCorp.com.

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.
    972-378-7917
    972-378-7981 (fax)
    Email Contact