PHOENIX, AZ–(MARKET WIRE)–Dec 19, 2007 — EastBridge Investment Group Corporation (www.EbigCorp.com) today announced it has begun legal and auditing work necessary to take Fiber One Ltd., its wholly owned subsidiary in Hong Kong, China, public in the United States. Fiber One Ltd. is currently negotiating merger opportunities and hopes to complete a merger before going public in the United Sates. The process is estimated to take from six to twelve months.
Many current EastBridge shareholders already own Fiber One shares and shareholders of record on June 11, 2007 will receive a total of 5 million shares, on a pro-rata basis and with no considerations, or five percent of the common stock of Fiber One Ltd., Hong Kong, China. These shares will be distributed when Fiber One begins trading. Fiber One’s main business is equipment repair, maintenance and used equipment trading. The business scope includes the semi-conductor and electro-optical industries. It has been operational since January of 2007.
EastBridge Investment Group focuses on small to medium-size high growth companies in China and India offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bio science and food retail distribution. EastBridge and EastBridge shareholders will eventually own a portfolio of stock equities in many Asian companies once becoming public in the United States.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, fluctuations in foreign currency exchange, the impact of competitive services and pricing, or general economic risks and uncertainties.
Contact:
Contact:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
Email Contact
Jack Eversull
The Eversull Group, Inc.
972-378-7917
972-378-7981 (fax)
Email Contact
Source: EastBridge Investment Group
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