EastBridge Investment Group's Auditor Team Leaving for China for Site Visits
* Reuters is not responsible for the content in this press release.
PHOENIX, AZ, Sep 02 (MARKET WIRE) --
EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that
Norm Klein, CFO of EBIG, and the Company's auditor CPA firm, Jewett,
Schwartz, Wolfe & Associates of Hollywood, Florida, will depart for China
this week to conduct auditor site visits with clients Wenda Education
Group, Yewo Group and HuanWai Pharmaceutical. These companies are
expected to become public in the near future. The team will be visiting
the cities of Hefei, LanZhou, QingHuanDao, Nanjing and Beijing.
EastBridge's management feels the underlying stock value for EBIG will
change substantially once these client companies' stocks start trading in
the fourth quarter of 2008 and first quarter of 2009. Jewett, Schwartz,
Wolfe & Associates will perform the GAAP/GAAS audit work for these
clients, and as soon as the reports are completed, EastBridge will begin
the legal work to make the clients public companies.
EastBridge maintains a branch office in Beijing, China, to assist in the
legal and auditing work for our existing clients. The Company has four
clients undergoing the auditing work at this time.
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. Depending on the complexity
and size of each project, EastBridge normally is compensated with anywhere
from 10-25% stock ownership plus cash fees in the client company for the
listing services provided.
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: 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
Copyright 2008, Market Wire, All rights reserved.
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