EastBridge Purchase Group (EBIG) (OTCBB: EBIG) (OTCQB: EBIG) these days introduced it has entered into listing agreements with three new customers in Jiangsu province, China. the businesses are Jiangsu Shengan Metal Goods Co., Ltd, Jiangsu JinLi Copper Co., Ltd and Jiangsu Huiyu Hardware manufacturing Co., Ltd.
Mr. Norm Klein, CFO/COO of EastBridge, commented, "We are surprisingly happy we are filling our pipeline of possible clients for 2012. These new purchasers are exceedingly established copper rods and tubes, brass valves, brass faucets and hardware accessories companies in China. They have generated products for the planet markets for plenty of decades. The merged net income is somewhere around $five,000,000 USD for 2010 and they are growing at a steady tempo."
Mr. Keith Wong, CEO of EastBridge, added, "We are functioning diligently to full the delayed IPO work for Tsingda and Wonder. We will always keep our shareholders posted as we know the definite dates for these two IPOs. Despite the fact that we are waiting for the completion of two IPOs, we have not slowed down. Of even more than 400 Chinese vendors outlined in the US, equally Tsingda and Wonder will include good quality businesses to the blend. We have effectively relocated ahead to secure much more company for our organization for this yr and for the 12 months 2012. We now are exceedingly pleased with our backlog of IPO customers and are in the midst of substantial negotiations for much more new purchasers for 2012."
EastBridge Expense Group focuses on great-development providers in Asia, supplying IPOs, Joint Ventures and Merchant Banking products and services. The Company targets industries in the schooling, web-based, power, mining and service sectors. To study increased about EastBridge Investment Group go to our world wide web internet page: www.EbigCorp.com . To acquire EBIG's electronic mail alert, deliver a blank e-mail to data@EbigCorp.com . Join us on Facebook at the following website link: http://www.facebook.com/ebigcorp .
Secure Harbor Statement
This release comprises ahead-looking statements about EastBridge's potential expectations, including: regardless if and when EastBridge's consumers will be prosperous in completing their initial public offerings and obtaining listings for their stock the outcome of the recent federal government inquiries into the auditing practices related to the original public offerings of Chinese corporations whether EastBridge will get hold of new clientele in 2011 and 2012, any statements of assumptions underlying any of the foregoing, and all other statements in this release, other than historical facts. While EastBridge believes the expectations reflected in any ahead-shopping statements are based on acceptable assumptions, no assurance can be presented that these expectations will be attained and it is indispensable to notice that real outcome and ultimate company steps could vary materially from these in such forward-hunting statements dependent on this kind of reasons as delays in the examine progression by the Securities and Trade Commission refusal by the SEC to declare a client's registration statement helpful alterations in authorities regulations, policies and laws negatively impacting EastBridge or its consumers, regardless of whether in the U.S. or in China modifications in listing prerequisites or procedures by the OTCBB or U.S. stock exchanges declines in the global, U.S. and Chinese economies and other risk factors relating to EastBridge's organization as comprehensive from time to time in EastBridge's studies filed with the U.S. Securities and Trade Commission. EastBridge undertakes no obligation to publicly update or revise any forward-seeking statements, no matter if as a end result of new critical information, long run events or in any other case. The reader is directed to EastBridge's filings with the SEC, for example quarterly reviews on Sort ten-Q, reviews on Type 8-K and its yearly reviews on Form 10-K, for a further discussion of dangers and uncertainties.
Get hold of: Norm Klein EastBridge Financial commitment Group Corp. 480-966-2020 480-966-0808 (fax) E mail Get hold of Investor Relations: Jack Eversull The Eversull Group, Inc. 972-571-1624 214-469-2361 (fax) E-mail Get hold of
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