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EastBridge Investment Group Provides Its Fourth Quarter Net Income Forecast PHOENIX, AZ--(MARKET WIRE)--Sep 30, 2008 -- EastBridge Investment Group (EBIG) (OTC BB:EBIG.OB - News) today
announced its net income forecast for its fiscal year ending
December 31, 2008 exceeding $2,100,000 or earning 1.75 cents
per share. The
management's forecast is based on the recent surges in fee
and equity based
listing clients and strategic acquisitions where EastBridge
has taken a
controlling stake in them. Norm Klein, CFO/COO, commented, "Our business model is working and is now generating fees and incomes for the Company. There will be more announcements for fee based listing clients and acquisitions in the near future. If we use a P/E ratio of 15-30 for a fast growing company, our stock price should be $0.25 to $0.50 a share. The market will soon realize the attractiveness of our holdings in Asian assets." EastBridge's management feels the underlying stock value for EBIG will continue to increase significantly as more listing clients are obtained, more clients are taken public and more acquisitions are completed. EastBridge maintains a branch office in Beijing, China, to assist in the legal and auditing work for our existing clients. 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: 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
Source: EastBridge Investment Group
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