SOURCE: EastBridge Investment Group

December 22, 2008 08:00 ET

EastBridge Investment Group's Management Update

PHOENIX, AZ--(Marketwire - December 22, 2008) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced its auditors from the audit firm, Jewett, Schwartz, Wolfe & Associates of Hollywood, Florida, are still in China doing their field audit of EBIG's client, Wenda and EBIG's two acquisitions, JiBo and Aoxing. Of Wenda's seven campuses in various cities, the auditors have finished auditing two of the campuses. They will continue working on the other five campuses and the two acquisitions until the audits are completed. Due to the holidays and the Chinese Lunar New Year (in late January), the work will be slightly delayed.

Keith Wong, President of EastBridge, stated, "Our clients are being very co-operative and providing extra accounting staff to supply the needed financial data to our auditors. EBIG is preparing the legal SEC filing work for Yewo, which has been field audited. We will make a separate announcement once it is filed with the SEC."

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