Business and Finance Business and Finance
Mon, June 28, 2010

EastBridge Investment Group's Client, Tsingda Education, Obtains Funding


Published on 2010-06-28 08:30:26 - Market Wire
  Print publication without navigation


PHOENIX, AZ--(Marketwire - June 28, 2010) - EastBridge Investment Group (EBIG) (OTCBB: [ EBIG ]) today announced that its client, Tsingda Education, has obtained a definitive funding commitment from a source in Beijing. The details will be announced shortly in a SEC filing.

Mr. Zhang Hui, CEO of Tsingda, commented, "We are one more step closer to becoming listed on the NYSE/AMEX. This definitive funding commitment from a well known private equity fund demonstrates their confidence in us. In addition to this lead investor, we are also working on a few smaller investments. This will provide us with more than enough capital to begin our expansion plans. We expect to receive the funding within thirty days."

To learn more about Tsingda, please visit their website: [ http://ir.eee114.com.cn ]

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.

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.

Contributing Sources