SOURCE: EastBridge Investment Group

EastBridge Investment Group

August 18, 2009 08:00 ET

EastBridge Investment Group's Client, JKZ, a Bio-Phosphorus Fertilizer Company, Acquires Phosphate Mine

PHOENIX, AZ--(Marketwire - August 18, 2009) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its client, Jinkuizi (JKZ), a Bio-Phosphorus Fertilizer Company located in Foshan, China, has acquired a phosphate mine in Hubei with a proven reserve of 10 million tons. The market price for phosphate rocks is approximately $40 per ton. Phosphate is the key ingredient for JKZ's production of bio-phosphorus fertilizer products. JKZ uses micro-bacteria to extract phosphor from the phosphate rocks in order to reduce environmental pollution and has several patents for this proprietary technology.

The management of EBIG has begun the legal work to make JKZ a public company as soon as possible. The market cap for JKZ is now estimated to be more than $100 million with this acquisition. EastBridge is a major shareholder in JKZ.

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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.

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Contact Information

  • Contact:
    Norm Klein
    EastBridge Investment Group Corp.
    480-966-2020
    480-966-0808 (fax)
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    Investor Relations:
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    The Eversull Group, Inc.
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    972-378-7981 (fax)
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