SOURCE: EastBridge Investment Group

EastBridge Investment Group

October 18, 2010 08:00 ET

EastBridge Investment Group's Client, AREM Pacific Corp., Begins Audit Work to Become Public

PHOENIX, AZ--(Marketwire - October 18, 2010) -  EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its Australian client, AREM Pacific Corp. ("AREM"), has completed its acquisition of AlloyTec, a yacht builder in Melbourne, Australia and has taken steps toward becoming a public company in the United States. AlloyTec uses aluminum alloy as base material to build recreation boats. AREM plans to help AlloyTec establish a base in China to produce leisure yachts.

AREM has retained a U.S. auditing firm to begin the SEC audit. EastBridge will assist AREM to list its stock on the U.S. market as soon as possible.

Mr. Thomas Tang, President of AREM Pacific Corp, commented, "We are in a good position to establish a commercial bridge between Australia and China. With this new acquisition, we will introduce leisure yachts into China. We expect the leisure yachts to grow like the automobile industry in China."

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
    214-469-2361 (fax)
    Email Contact