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Miles
Km80.5

   

EastBridge Investment Group to Acquire Three Additional Companies


2/2/2009 11:49:25 AM

PHOENIX, AZ--(Marketwire - February 02, 2009) - EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced it has reached agreements to acquire a controlling stake in three companies in China with EBIG's preferred stock. The transactions will close in ninety days, subject to EBIG's accounting and legal due diligence. Two companies are in the ship building and pharmaceutical industries. The third one is a diversified holding company. Their net incomes range from one to two million dollars per year.

Norm Klein, COO/CFO of EastBridge, said, "These candidates are three medium-sized companies located in Zhejiang, China, approximately two hours from Hangzhou's West Lake area. They have all been in business for more than five years. We plan to spin off our majority held companies as separate public companies as soon as their managements are prepared to do so. EastBridge will retain equity stakes in their public stocks."

Keith Wong, CEO of EastBridge, commented, "Just like America and Europe, Asia is facing a severe liquidity crunch as well. Asian companies are again looking to the overseas' stock markets to raise capital. We are seeing a surge in inquiries for our United States' IPO service from our Chinese contacts. We expect to see a very busy 'Year of the Ox' for EastBridge in the areas of IPO and acquisition opportunities."

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:
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



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