PHOENIX, AZ -- (Marketwire) -- 01/04/12 -- EastBridge Investment Group (
Mr. Norm Klein, CFO/COO of EastBridge, commented, "The year 2011 has been a very tough year for every financial service firm, big and small; EastBridge was no exception; our clients were affected and we were also impacted. However, we have emerged from it more disciplined and determined. Our listing projects have not been canceled, only delayed. Instead of 2011, most of the known listings will happen in 2012. We are pleased with the progress that we have made in 2011. In addition to moving both Tsingda and Wonder closer to a listing on a U.S. stock exchange, we have begun the listing process for Dwarf Technology, Arem Pacific and LongWen Media. We assisted Alpha Lujo management with finding a shell which trades on the OTCBB. We are also working with a well known education client to develop joint venture partnerships with Chinese education companies. Additionally, we have expanded our business with U.S. companies as we are working with Fizza (healthy beverages for school children) and with International Air Medical Services (air ambulance company). We expect to sign agreements with a couple more U.S. companies in the near future. Financially, we have also improved, especially our cash position. We have the wherewithal to execute our plans for 2012."
Mr. Keith Wong, CEO of EastBridge, added, "We have some very aggressive plans for 2012. We are now working on five listing projects for 2012 and possibly more clients to list on a U.S. stock exchange in 2012. We have a new marketing plan on hand to seek new clients both in the Far East and in the United States for listings in 2013 and beyond. As soon as the market becomes favorable in 2012, we will move EBIG to the Nasdaq or AMEX. We believe we will attract new institutional investors to our stock once we have moved to a primary exchange. We are very optimistic for and excited about achieving significant success in 2012 for our shareholders."
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/ebigcorp.
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.