SOURCE: EastBridge Investment Group

July 19, 2007 08:15 ET

EastBridge Investment Group's First Subsidiary Reports Net Profit

PHOENIX, AZ--(Marketwire - July 19, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced Fiber One Ltd., Hong Kong, has reported its first profit in the second quarter ending on June 30, 2007. Fiber One, a wholly owned subsidiary of EBIG, was set up in January 2007. The Company is in the high tech equipment servicing business with customers located in Hong Kong, China and Japan. Shareholders of EBIG as of record on June 11, 2007 own 5% of Fiber One Ltd.

Norm Klein, COO and CFO of EastBridge Investment Group, said, "In the few months of operation, which includes approximately three months of organizing the subsidiary itself, Fiber One has already begun to report a net profit of about $10,000 from April thru June. We plan to take Fiber One public in 2008 on its own or with a merger candidate to increase its value for our shareholders. We also have other subsidiaries in the pipeline and will report on their status as they become available. Our shareholders will ultimately own a diversified portfolio of rapidly growing Chinese and Indian international stocks traded on the U.S. markets."

EastBridge Investment Group focuses on small to medium-size high-growth companies in China and India, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bio science and food retail distribution.

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, fluctuations in foreign currency exchange, the impact of competitive services and pricing, or general economic risks and uncertainties.

Contact Information

  • Contact:
    Norm Klein
    EastBridge Investment Group Corp.
    480-966-0808 (fax)
    Email Contact

    Jack Eversull
    The Eversull Group, Inc.
    972-378-7981 (fax)
    Email Contact