ATLANTA, March 2, 2010 (GLOBE NEWSWIRE) -- Market Pulse announces that EastBridge Investment Group Corporation (OTCBB:EBIG) is now profiled on their web site located at http://www.market-pulse.com. EastBridge Investment Group provides financial consulting services including public offering guidance, joint venture and merchant banking services, to the small to medium-size businesses in China and other Asian countries. The company's niche is providing the listing service to the fast growing companies in these countries. In return, once they become listed on a U.S. stock exchange, EastBridge owns marketable stock securities in them. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/featured-companies/eastbridge-investment-group-corporation/.
The company's products and services help companies become public companies, get listed on a U.S stock exchange and obtain capital to grow their business and at the same time, afford their shareholders and investors an opportunity to invest in these growing companies. Recently, EastBridge announced that it has signed an agreement with a new client, Tsingda Education Corporation in Beijing, China. EastBridge has been retained to assist Tsingda to become listed on the NYSE-AMEX or Nasdaq as soon as practical. Tsingda runs a chain of about 1,800 tutoring centers in China.
EastBridge has also been retained to assist KaiDa Road Pavement and Construction Company in Jiangsu, China, to become listed on the NYSE-AMEX or NASDAQ as soon as practical. KaiDa is the number one black top paving and engineering company in Jiangsu province. EastBridge has scheduled to distribute 10% of its US stock ownership in KaiDa. All shareholders of EBIG stock at the market closing on January 15, 2010 will receive on a pro-rata basis, their allocated shares when KaiDa's stock and the dividend registration are approved by the SEC and the stock is trading on a United States stock exchange. EastBridge has announced other "stock dividends" for their shareholders for some of their other clients and will continue this practice with newer clients in the future.
According to Bernard R. Schmitt, CEO of Market Pulse, "We are very excited about the potential EastBridge and its clients have. EastBridge has made excellent fundamental strides over the last few months. The markets EBIG's clients are in are both enormous and rapidly growing. EBIG is poised to become a significant player in the financial services industry." Bernard Schmitt also noted that, "EastBridge generally seeks transactions where they can assist in uncovering hidden value after their participation. The focus is on opportunities that can create value for both their shareholders and clients. EBIG calls this their 'Asian Pipeline' and management anticipates that some of these clients will go public in the United States and begin trading their stock in 2010. The street and investors are beginning to realize that being a shareholder in EastBridge allows them to receive stock dividends in EastBridge's clients that are performing fundamentally well in Asia."
EastBridge concentrates on the industries they believe can deliver the best returns for their shareholders such as: Education, Infra-Structure, Energy, Real Estate and Environmental industries. EastBridge normally receives a cash fee and an equity share (usually 10 to 20%) in the newly listed client company for its services. In addition, EastBridge also provides marketing, sales and strategic planning services for its clients to assist them to enter the United States market, if this is part of the client's strategic plan. EastBridge's Beijing Office will also assist U.S. companies to execute agreements with Chinese companies, Chinese government agencies and/or Chinese representatives to provide distribution channels and/or manufacturing capabilities for their products and/or services.
China attracted some $63 billion of foreign direct investment last year. In China, provinces, municipalities and autonomous regions have their own enterprise focus. The investment and business environment for each city and province is widely varied with 657 municipalities, 2,862 counties, and 41,636 townships. Officially, state enterprises account for just one-third of the economy, compared with 80% two decades ago.
EastBridge recently announced that its Board of Directors has authorized the distribution of 300,000 shares (equivalent to 1.5% of Tsingda's current outstanding common stock) of its U.S. stock ownership in Tsingda Education Corp to its shareholders for no considerations. All shareholders of EBIG stock on the closing date of March 15, 2010, the dividend record date, will receive on a pro-rata basis, their allocated shares when Tsingda's stock and its dividend registration are approved by the SEC.
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 education model will make us the dominant player in the market. Our pre-audit 2009 figures were $14,650,861 and $5,944,978 in revenue and net income representing more than 100% growth over 2008 and about 400% over 2007 in both revenue and net income."
Norm Klein, EBIG's COO/CFO, commented, "According to the unaudited internal data provided by Tsingda, the company is well qualified for the AMEX stock exchange listing as soon as the formal U.S. audit is completed. Their historical Net Income-to-Revenue ratio is very attractive. We especially like their low cost content delivery model. In return for our service, we will receive cash and stock payments from the client."
EBIG only looks for the companies that have demonstrated either a steady income stream or are ready to launch commercially exciting products that offer double digit growth potential. Their pursuit for a high ROI and ROE is relentless. EastBridge has the formula for success, and one that has them immediately positioned for a high growth future.
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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated six hundred thousand restricted shares of EastBridge Investment Group Corporation by the company. In addition, MP has pending one million two hundred thousand restricted shares of EastBridge Investment Group Corporation by the company. Additionally, MP bought for its own account in the open market, one hundred ninety thousand shares of EastBridge Investment Group Corporation's shares for a total purchase price of sixteen thousand twenty nine dollars. To date, MP has not sold any of these shares. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services.