PHOENIX, AZ -- (MARKET WIRE) -- 07/11/08 -- EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that its client, Wenda Education Group(www.Wenda.com.cn), has won the only permit to teach China's nationalnetwork security technology courses in the province of Anhui. This is inaddition to the strategic partnership agreements in teaching IT networksecurity technology with Microsoft, Cisco Systems and Huawei.EastBridge is assisting Wenda with the auditing and SEC registration workto become a public company in the United States and to be listed on a U.S.stock exchange. Wenda is a major regional professional college located inAnhui, China. It offers professional and vocational educational programs totrain post high school students to improve their skills for higher payingjobs. Wenda offers programs mainly in the computer related IT sectors suchas network design, hardware technology, computer graphics, CAD, animation,network database and network security. It is estimated that there are over400 million youths in the 15 to 30 year-old group in China.
Norm Klein, CFO and COO of EBIG, commented, "Wenda is in the high growtheducation industry and there is a considerable demand for this kind ofservice provider. A recent listing on the NYSE of a Chinese company, NewOriental Education & Technology Group, located in Beijing, has drawnsignificant attention. We are planning for Wenda to receive a similaramount of attention."
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. Wenda is substantially abovethe Market-Leader category.
Depending on the complexity and size of each project, EastBridge normallyis compensated with anywhere from 10-25% stock ownership plus cash fees inthe 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 Companytargets industries in electronics, real estate, auto, metal, energy,environmental, bioscience and food retail distribution. To learn moreabout EastBridge Investment Group go to our web site: www.EbigCorp.com. Toreceive EBIG's email alert, send a blank email to info@EbigCorp.com.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economicperformance and trends, projections of results of specific activities orinvestments, and other statements that are not descriptions of historicalfacts may be forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995, Section 27A of the Securities Actof 1933 and Section 21E of the Securities Exchange Act of 1934.Forward-looking information is inherently subject to risks anduncertainties, and actual results could differ materially from thosecurrently anticipated due to a number of factors, which include, but arenot limited to, risk factors inherent in doing business. Forward-lookingstatements may be identified by terms such as "may," "will," "should,""could," "expects," "plans," "intends," "anticipates," "believes,""estimates," "predicts," "forecasts," "potential," or "continue," orsimilar terms or the negative of these terms. Although we believe that theexpectations reflected in theforward-looking statements are reasonable, we cannot guarantee futureresults, levels of activity, performance or achievements. The Company hasno obligation to update these forward-looking statements.
Contact:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
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Investor Relations:
Jack Eversull
The Eversull Group, Inc.
972-378-7917
972-378-7981 (fax)
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