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PHOENIX, AZ, Apr 03, 2008 (MARKET WIRE via COMTEX) -- EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has completed the necessary preparation for YEWO Group in order for EBIG's SEC attorney and auditors to begin the SEC registration process. EBIG expects that YEWO will become a Nasdaq or AMEX listed company by December 2008. YEWO is one of four EBIG clients selected to go public this year. Besides already announced AREM Group Inc., Wenda and now YEWO, EBIG will make additional announcements shortly.
EastBridge signed the listing agreement with YEWO on March 18, 2008. Due to the internal pre-audit preparation work already finished by the client, EBIG is able to commence the formal audit immediately. YEWO is a diversified holding company that owns and operates two shopping centers, several distribution centers and a theme park resort center. YEWO Group is a stable and profitable company that has been in business for approximately ten years.
Norm Klein, CFO and COO of EBIG, commented, "One particular strength with YEWO is the land and property assets it owns; in addition to their positive cash flow potential, we believe the investors will quickly understand its value as a public company. We are very pleased to begin the SEC registration process for this client."
EastBridge divides its clients into three annual revenue sizes: Growth: one-ten million dollars; Market-Niche: ten-twenty million dollars; Market-Leader: above twenty million dollars. YEWO Group is in the Market-Leader category, with revenues that are significantly above twenty million.
Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership in the client company plus some cash fees for the listing services provided.
To view an analyst's report by Chris Gupta, CFA, senior equity stock analyst: http://www.ebigcorp.com/EBIG/Home/Ebig_Analysts_Report.pdf.
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 ContactSOURCE: EastBridge Investment Group
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=44D6422794D2C939 http://www2.marketwire.com/mw/emailprcntct?id=9936B8BCA2A25282Copyright 2008 Market Wire, All rights reserved.-0-
SUBJECT CODE: Financial Services:Commercial and Investment Banking Financial Services:Venture Capital Financial Services:Investment Services and Trading
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