SOURCE: EastBridge Investment Group

EastBridge Investment Group

March 07, 2011 08:00 ET

EastBridge Investment Group's Client Tsingda eEDU Obtains SEC's Clearance on Two Registrations

PHOENIX, AZ--(Marketwire - March 7, 2011) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) today announced that its client, Tsingda eEDU, has obtained the SEC's clearance on two of its registration filings which became effective at the close of the business day, Friday, March 4, 2011.

Norm Klein, CFO/COO of EastBridge, commented, "We are happy to announce that the Tsingda dividend shares are also cleared in one of these two registrations, EastBridge therefore intends to dividend, on a pro-rata basis, up to 300,000 ordinary shares of Tsingda stock to shareholders of EastBridge, as soon as Tsingda's stock starts trading and they are approved by FINRA. All shareholders on record on March 15, 2010, are eligible for this dividend. We will send further instructions before the distribution begins."

Keith Wong, CEO of EastBridge, added, "With respect to Tsingda, we have one last registration awaiting the SEC's clearance before the IPO. Once this one clears, Tsingda will be ready to begin the formal IPO process, which will lead directly to trading of its stock. We will send notices to our shareholders as soon as this occurs. We are hoping with guarded optimism that this will happen quickly."

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

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. EBIG is now on Facebook. Join us at the following link: http://www.facebook.com/pages/Eastbridge-Investment-Group/110596462346210.

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
    972-469-2361 (fax)
    Email Contact