SOURCE: EastBridge Investment Group
PHOENIX, AZ--(Marketwire - Jul 28, 2011) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) announced today that its client, Tsingda Education, has engaged a new, well-known underwriter and brokerage firm in New York to take it public on a primary stock exchange in September, 2011.
Mr. Norm Klein, CFO/COO of EastBridge, commented, "We are very happy to see that a new underwriting engagement agreement is signed right on the heels of Tsingda's latest infusion of $13.68 million from a private equity fund, giving the stock a new valuation of $4.56 per share. In September, 2010, it was only worth $1.60 per share. In compliance with certain SEC IPO quiet rules, we will release additional info when it is available, allowed and appropriate."
EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. 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. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp.
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