EastBridge Investment Group Announces Tsingda Stock Distribution Date
(firmenpresse) - PHOENIX, AZ -- (Marketwire) -- 08/15/11 -- EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) announced today that on August 29, 2011, the Company will distribute a total of 300,000 shares of Tsingda's common stock to EastBridge's shareholders on record as of March 15, 2010, on a pro rata basis at a rate of 486.4 shares of EBIG stock for 1 share of Tsingda stock, for no considerations. The shares will be restricted for six months after Tsingda's IPO date, except for the first 5% of the shares, which will be free trading on the IPO date. EastBridge's management will be notifying eligible shareholders of EastBridge on how to obtain their Tsingda dividend shares.
Mr. Norm Klein, CFO/COO of EastBridge, commented, "We are very happy with the IPO progress for Tsingda. Our shareholders will soon be able to trade Tsingda stock. For those shareholders who had an account with a brokerage firm on March 15, 2010, the dividend shares will be automatically deposited into your account; for those who did not have a brokerage firm, you will receive our instructions on how to request a stock certificate."
Mr. Keith Wong, CEO of EastBridge, added, "With the current valuation of Tsingda stock at $4.56 per share, we are effectively distributing a total value of $1,368,000. We are very happy to share this achievement with our shareholders. We will do the same with the other stock dividends announced as soon as they become eligible for distribution. Our IPO pipeline model is working well. The month of September will be very busy for us, as we will be going on road shows in Asia and then in the US in mid September. Our road shows will also continue into Q4 and Q1 of 2012."
EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: . To receive EBIG's email alert, send a blank email to . Join us on Facebook at the following link: .
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:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
Investor Relations:
Jack Eversull
The Eversull Group, Inc.
972-571-1624
214-469-2361 (fax)
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Datum: 15.08.2011 - 06:00 Uhr
Sprache: Deutsch
News-ID 1030407
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