SOURCE: EastBridge Investment Group

EastBridge Investment Group

September 23, 2010 12:36 ET

EastBridge Investment Group's Client, Tsingda Education, Closes $9.6 Million Capital Raise

PHOENIX, AZ--(Marketwire - September 23, 2010) -  EastBridge Investment Group Corp (EBIG) (OTCBB: EBIG) today announced that its client, Tsingda Education, through its parent holding entity, Compass Acquisition Corporation, completed a $9.6 million capital raise.

The transaction can be found by viewing the following link:

http://www.sec.gov/Archives/edgar/data/1381790/000107878210002201/compass8k092210.htm

To learn more about Tsingda, please visit their website: http://ir.eee114.com.cn

Mr. Hui Zhang, CEO of Tsingda, stated, "We are very thankful for EastBridge's professional assistance in this important funding. We now have the added resources to execute our business plan for 2011 and beyond."

EastBridge provides various consulting services for its clients. In exchange, EastBridge generally receives compensation consisting of stock and cash dependent on the nature of services provided.

EastBridge focuses on high-growth companies in Asia, offering a range of service, including 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.
    972-571-1624
    214-469-2361 (fax)
    Email Contact