SOURCE: EastBridge Investment Group

August 14, 2007 14:04 ET

EastBridge Investment Group's Management Comments on Its Second Quarter Performance

PHOENIX, AZ--(Marketwire - August 14, 2007) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced it has filed its second quarter 10Q with the SEC. Overall, the Company has achieved the following goals during this past quarter:

--  Management has completed many interviews and presentations to create
    an awareness for the Company.
--  EBIG's stock has gained substantial volume and share price.
--  Several potential clients were visited which led to adding Ginko as a
    new listing client.  The contract with Ginko was executed in July.
--  Several Joint Ventures were evaluated leading to the investment in an
    Australian wine company in July.
--  Management began the process to list our clients on a US market and
    has added several professional partners while strictly controlling
    expenses.
--  EBIG's first wholly subsidiary in Hong Kong, Fiber One, is now
    profitable.
    

Revenues have increased by $17,788 in the 2nd quarter of 2007, over the same period in 2006. The Company reported a net loss of $201,446 versus a $79,147 loss in the same period in 2006. The additional loss was due largely to payroll and professional service expenses.

Norm Klein, CFO and COO of EastBridge Investment Group, commented, "The revenue figure would have been higher if we had included as income some of the stock we have received from our clients; however, we have decided to take the more conservative accounting approach to recording revenue and will not book revenue from the stocks until they become publicly traded. At that time, we will recognize the stock's full value as income."

Keith Wong, CEO of EastBridge Investment Group, added, "Instead of incurring the costs and doing expensive valuation certifications on the value of the stocks we have received from our clients, we have chosen to wait until they are public and the market has set their values. We therefore should see substantial increases on our revenues and profits when these clients become public companies in 2008 and 2009."

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. 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.

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.
    480-966-2020
    480-966-0808 (fax)
    Email Contact

    Jack Eversull
    The Eversull Group, Inc.
    972-378-7917
    972-378-7981 (fax)
    Email Contact