SOURCE: EastBridge Investment Group

EastBridge Investment Group

April 04, 2011 10:28 ET

EastBridge Investment Group's Update on Client's IPO Progress

PHOENIX, AZ--(Marketwire - April 4, 2011) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) today announced that its client, Tsingda eEDU, has received no further comments from the SEC about its IPO registration.

Keith Wong, CEO of EastBridge, said, "We are happy to announce that according to Tsingda's legal team, the SEC has no further comments against Tsingda's latest IPO registration. Tsingda still needs to notify the SEC and obtain its final clearance after the IPO share price is determined before listing can commence; however, the bulk of the registration work is approved. The IPO underwriter will now assist Tsingda with the formal IPO process and with its application for listing on AMEX, which, once accepted, will lead directly to trading of its stock. We will keep our shareholders informed of Tsingda's progress with the IPO and AMEX listing. We are keenly aware that everyone wants to see the listing as soon as possible and we will issue another update in two weeks."

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

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. EBIG is now on Facebook. Join us 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
    972-469-2361 (fax)
    Email Contact