StockGuru News: EastBridge Investment Group Acquires Stake in AREM Wines
EastBridge Investment Group Acquires Stake in AREM Wines EastBridge Investment Group Corporation (OTCBB: EBIG) PHOENIX, AZ–(MARKET WIRE)–Aug 7, 2007 — EastBridge Investment Group (EBIG) (OTC BB:EBIG.OB - News) today announced that it has signed a definitive agreement to acquire 15% of AREM Wines Pty, Ltd, www.aremwine.com.au, an Australian wine company in Melbourne, Australia. Under the terms of the agreement, EastBridge gave Genus Pacific Corporation, the investment company that owns AREM, 1,000,000 restricted EBIG common shares plus options in exchange for the 15% stake in AREM. EastBridge plans to distribute a portion of the acquired AREM stock to EastBridge’s shareholders as…