SOURCE: EastBridge Investment Group

July 11, 2008 08:00 ET

EastBridge Investment Group's Client "Wenda Education Group" Wins Exclusive IT Teaching Permit From the Chinese Government

PHOENIX, AZ--(Marketwire - July 11, 2008) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its client, Wenda Education Group (www.Wenda.com.cn), has won the only permit to teach China's national network security technology courses in the province of Anhui. This is in addition to the strategic partnership agreements in teaching IT network security technology with Microsoft, Cisco Systems and Huawei.

EastBridge is assisting Wenda with the auditing and SEC registration work to become a public company in the United States and to be listed on a U.S. stock exchange. Wenda is a major regional professional college located in Anhui, China. It offers professional and vocational educational programs to train post high school students to improve their skills for higher paying jobs. Wenda offers programs mainly in the computer related IT sectors such as network design, hardware technology, computer graphics, CAD, animation, network database and network security. It is estimated that there are over 400 million youths in the 15 to 30 year-old group in China.

Norm Klein, CFO and COO of EBIG, commented, "Wenda is in the high growth education industry and there is a considerable demand for this kind of service provider. A recent listing on the NYSE of a Chinese company, New Oriental Education & Technology Group, located in Beijing, has drawn significant attention. We are planning for Wenda to receive a similar amount of attention."

EastBridge divides its clients into three annual revenue sizes: Growth: one-ten million dollars; Market-Niche: ten-twenty million dollars; Market-Leader: above twenty million dollars. Wenda is substantially above the Market-Leader category.

Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership plus cash fees in the client company for the listing services provided.

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.

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.
    972-378-7917
    972-378-7981 (fax)
    Email Contact