Business & Finance
Thu, January 7, 2010Wed, January 6, 2010Tue, January 5, 2010Mon, January 4, 2010Fri, January 1, 2010Thu, December 31, 2009Wed, December 30, 2009Tue, December 29, 2009EastBridge Investment Group Signs Agreement to List Internet Education Company on Primary U.S. Stock Exchange
//business-finance.news-articles.net/content/201 .. ation-company-on-primary-u-s-stock-exchange.html
Published in Business and Finance on Monday, January 4th 2010 at 5:10 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
PHOENIX, AZ--(Marketwire - January 4, 2010) - EastBridge Investment Group (EBIG) (
Mr. Zhang Hui, CEO of Tsingda, commented, "We are the first to use the internet to deliver our content directly to the classrooms in real time. Students sit in front of their terminals learning the material and are able to enjoy two-way interactions with the computer. We do not need to hire expensive instructors for the classroom; therefore we only need aids to monitor students' attendance. We are currently growing at a compounded rate of over 80% a year in the last three years and we now have centers in more than 1,300 cities. In 2009, our revenue and after tax income (unaudited) were $13,250,000 and $5,882,300. After the listing in the U.S., we plan to launch a more aggressive expansion in order retain our dominant position in this sector in China. We want to thank EastBridge for their guidance in our listing process."
Tsingda's website: [ http://www.eee114.com.cn ]
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."
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.
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 cash fees for the listing services provided.
To learn more about EastBridge Investment Group go to our web site: [ www.EbigCorp.com ]
Tell A Friend about EastBridge, go to: [ www.EbigCorp.com/EBIG/Tell_A_Friend.html ]
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.
