July 29, 2008
Breaking News: EastBridge Investment Group’s (EBIG) Auditor Team Scheduled to Travel to China
PHOENIX, AZ–Jul 29, 2008 — EastBridge Investment Group today announced that its auditor CPA firm, Jewett, Schwartz, Wolfe & Associates, Hollywood, Florida, is scheduled to travel to China to do post-examination site visits with three EastBridge clients in early September, 2008. The three clients, Wenda Education Group, Yewo Group and HuanWai Pharmaceutical are scheduled to become public companies in the United States in the near future. The audit team will visit the cities of Hefei, LanZhou, QingHuanDao, Nanjing and Beijing in mainland China.
EBIG’s auditor CPA firm will perform the necessary GAAP/GAAS audit work for these clients. This site visit is part of the process which normally occurs after the auditors have examined in detail the clients’ financial statements and other corporate documents. Upon returning from the trip and the completion of the auditor’s reports, EastBridge plans to submit the audited financial statements with the SEC for each client, along with the appropriate SEC registration documents.
EastBridge maintains a branch office in Beijing, China, to assist in the legal and auditing work for their existing clients and U.S. legal and auditing teams. The Company presently has four clients undergoing auditing which includes the three mentioned above and Arem Wine Company from Australia.
EastBridge divides its clients into three annual revenue sizes: Growth: one-ten million dollars; Market-Niche: ten-twenty million dollars; Market-Leader: above twenty million dollars. Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership plus cash fees in the client company 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.
Contact:
Contact:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
Email Contact
Investor Relations:
Jack Eversull
The Eversull Group, Inc.
972-378-7917
972-378-7981 (fax)
Email Contact
Source: EastBridge Investment Group
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Written by: admin
Filed Under: Breaking News, EastBridge Investment Group, OTCBB, StockGuru
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