EastBridge Investment Group (EBIG) (OTCBB: EBIG)today announced that its Board of Directors has authorized the distributionof 300,000 shares (equivalent to 1.5% of Tsingda's current outstandingcommon stock) of its U.S. stock ownership in Tsingda Education Corp("Tsingda") postcard printing to its shareholders for no considerations. All shareholdersof EBIG stock on the closing date of March 15, 2010, the dividend recorddate, will receive on a pro-rata basis, their allocated shares whenTsingda's stock and its dividend registration are approved by the SEC.
EastBridge has been retained to assist Tsingda to become listed on theNYSE-AMEX as soon as practical. Tsingda runs a chain of approximately 1,800tutoring centers in China, offering after school tutoring classes tostudents ranging from elementary to high school levels. Its teachingcontent is delivered in real time via high speed internet to the individualclasses every day.
To learn more about Tsingda, please visit their website:
Mr. Zhang Hui, Chairman of Tsingda, commented, "We look forward to our U.S.IPO no later than June of 2010. We believe our internet based educationmodel will make us the dominant player in the market. Our pre-audit 2009figures were $14,650,861 and $5,944,978 in revenue and net incomerepresenting more than 100% growth over 2008 and about 400% over 2007 inboth revenue and net income."
Depending on the complexity and size of each project, EastBridge normallyis compensated with anywhere from 10-25% stock ownership in the clientcompany plus cash fees for the listing services provided.
EastBridge Investment Group focuses on high-growth companies in Asia,offering IPOs, Joint Ventures and Merchant Banking services. The Companytargets 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:
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Forward-Looking Statements
Statements in this press release relating to plans, strategies, economicperformance and trends, projections of results of specific activities orinvestments, and other statements that are not descriptions of historicalfacts may be forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995, Section 27A of the Securities Actof 1933 and Section 21E of the Securities Exchange Act of 1934.Forward-looking information is inherently subject to risks anduncertainties, and actual results could differ materially tag heuer replica from thosecurrently anticipated due to a number of factors, which include, but arenot limited to, risk factors inherent in doing business. Forward-lookingstatements may be identified by terms such as "may," "will," "should,""could," "expects," "plans," "intends," "anticipates," "believes,""estimates," "predicts," "forecasts," "potential," or "continue," orsimilar terms or the negative of these terms. Although we believe that theexpectations reflected in the forward-looking statements are reasonable, wecannot guarantee future results, levels of activity, performance orachievements. The Company has no obligation to update these forward-lookingstatements.
Contact: Norm Klein EastBridge Investment Group Corp. 480-966-2020 480-966-0808 (fax) Email Contact Investor Relations: Jack Eversull The Eversull Group, Inc. 972-571-1624 Email Contact
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