SOURCE: EastBridge Investment Group

November 11, 2008 08:00 ET

EastBridge Investment Group's Management Discusses 2008 Third Quarter and Nine Months Ending Results

PHOENIX, AZ--(Marketwire - November 11, 2008) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced its positive performance for the third quarter of 2008, prior to its SEC filing, as follows:

--  Consolidated revenue increased more than 149% to $1,019,658 for the
    nine months ending in September 2008 as compared to $408,779 for the same
    period in 2007;
    
--  General and Administrative expenses only increased 25% to $677,383
    from $541,010 for the nine months ended September 30, 2008 and 2007,
    respectively;
    
--  Cash and cash equivalents increased to $1,003,625 from $59,162 as of
    September 30, 2008 and 2007, respectively;
    
--  Net loss increased to $571,435 from $234,881 for the nine months ended
    on September 30, 2008 and 2007, respectively.  This is largely due to the
    increases of legal, travel, administration and accounting expenses for our
    clients before going public;
    
--  Working capital increased to $2,399,203 from a deficit of $221,082 as
    of September 30, 2008 and 2007, respectively.
    
    

Norm Klein, CFO/COO of EastBridge, commented, "Our business model is working and is now generating more fees and income for the Company. We expect more increases in revenue and smaller losses in the next two quarters."

EastBridge's management feels the underlying stock value for EBIG will continue to increase significantly as more listing clients are obtained, more clients are taken public and more acquisitions are completed.

EastBridge maintains a branch office in Beijing, China, to assist in the legal and auditing work for our existing clients.

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