SOURCE: EastBridge Investment Group

EastBridge Investment Group

May 03, 2011 10:25 ET

EastBridge Investment Group's Management Provide Update on Tsingda and Wonder

PHOENIX, AZ--(Marketwire - May 3, 2011) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) today announced that both Tsingda and Wonder are moving forward with their plans to list on a United States stock exchange despite a higher level of scrutiny by the SEC and the stock exchanges of Chinese companies. EastBridge's management expects both companies to be listed on a U.S. stock exchange in the near future.

Mr. Keith Wong, CEO of EastBridge, commented, "We continue to work with the management teams at both Tsingda and Wonder to prepare for listing in the United States in the near future. Both companies have improved their financials in 2010 versus the previous year and they understand becoming a listed company in the U.S. will provide the necessary capital to grow their businesses. Both companies continue to pursue this strategic goal aggressively but want to time their listing to maximize their shareholder values."

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

To learn more about Wonder, please visit their website: www.wondedu.com

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. Join us on Facebook 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
    214-469-2361 (fax)
    Email Contact