SOURCE: EastBridge Investment Group

May 06, 2008 15:02 ET

Starwood Research Updates Coverage on EastBridge Investment Group (OTCBB: EBIG)

NEW YORK, NY--(Marketwire - May 6, 2008) - Starwood Research announced today that it has published a new analyst note on EastBridge Investment Group (OTCBB: EBIG) indicating that shares of the Asia-focused investment bank have the potential to double in price this year and quadruple in 2009.

In his latest note, Andrew White, CFA argues that EBIG's success in signing nine clients in under a year confirms that "proven Chinese companies [are] now lined up" to take advantage of the company's market access expertise and concludes that translating that burgeoning client list into IPOs could unlock substantial value as early as late 2008 -- provided, of course, those offerings happen on schedule.

"EBIG's primary investment case is dependent on management's ability to successfully list its client companies in the form of IPOs," White writes. "Until then, onus remains on management to prove they can close the deal(s)."

Key value drivers include:

--  EBIG's progress toward listing four clients (Chinese mall developer
    YEWO, Australian vintner AREM Group, HK fiber optics company Amonics, and
    Chinese school operator Wenda Education) in order to achieve management
    goals of executing "two to three" IPOs per quarter.
--  A "conservative" management team's efforts to contain costs (and avoid
    stock dilution) while building its franchise in the "gigantic" markets of
    China in particular. CFO Norm Klein calls the company's model truly
--  The "interesting buying opportunity" potentially created by the
    market's apparent lack of response to the company's ample recent newsflow.

The full analyst note on EBIG, along with an audio interview with Mr. Klein, can be found at

Starwood Research Institute provides research on stocks that have exponential growth and explosive profit potential. Our focus is on high-risk, highly speculative emerging growth stocks that offer upside profit potential of 500% to 1,000% or more. Starwood's trading notes and CEO interviews (collected at its website, are unique because they are conducted by highly experienced investment analysts, who have all earned the CFA (Chartered Financial Analyst) designation, the highest standard in ethics and professional excellence in the investment community. See for complete compensation, and conflicts of interest disclosures, and information.

About EastBridge Investment Group

EastBridge Investment Group focuses on small-to-medium 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, bioscience and food retail distribution.

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