EastBridge Investment Group Announces Stock Dividend of Dwarf Technology Stock
(firmenpresse) - PHOENIX, AZ -- (Marketwire) -- 10/04/11 -- EastBridge Investment Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) today announced that it has scheduled to distribute 300,000 shares of its US stock ownership in Dwarf Technology Holdings, Inc. to its shareholders for no considerations. Shareholders of EBIG stock on the closing date of October 31, 2011, will receive on a pro rata basis, their allocated shares after this dividend registration is approved by the SEC. The size of this dividend represents 1.5% of Dwarf's outstanding shares as of today. Dwarf was filed with the SEC on August 16, 2011. The filing includes the registration of this stock dividend for EastBridge shareholders. The filing can be viewed on the SEC web site ().
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Mr. Mianfu Zhang, President and Chairman of Dwarf, commented, "We are looking forward to being listed in the United States, raising capital to grow our business and providing significant value for our shareholders. We appreciate the assistance provided to us by EastBridge. Their knowledge of the capital markets in the U.S. is extremely helpful."
Mr. Norm Klein, COO/CFO of EastBridge, commented, "We are happy to increase our shareholders' value with this dividend distribution of some of the Dwarf stock owned by EastBridge. Dwarf has grown significantly during the past two years and has solid expansion plans for the future. We will send the appropriate notices and announcements to our shareholders after these dividend shares are approved by the SEC and ready for trading."
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: 04.10.2011 - 06:00 Uhr
Sprache: Deutsch
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