Big EBIG news!!!
EastBridge Investment Group Announces Stock Dividend - KaiDa Road Pavement and Construction Company
8:02a ET December 17, 2009 (Market Wire)
EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has scheduled to distribute 10% of its US stock ownership in KaiDa Road Pavement and Construction Company ("KaiDa") to its shareholders for no considerations: All shareholders of EBIG stock at the market closing on January 15, 2010 (the dividend record date), will receive on a pro rata basis, their allocated shares when KaiDa's stock and the dividend registration are approved by the SEC and the stock is trading on a United States stock exchange.
EastBridge has been retained to assist KaiDa to become listed on the NYSE-AMEX or Nasdaq as soon as practical. KaiDa is a black top paving and engineering company.
Mr. Cheng Biao, CEO of KaiDa, commented in his previous news release, "We are the number one black top paving and engineering company in Jiangsu province. The company has been in business since 2002 and has approximately 350 employees. KaiDa has modern facilities to engineer, mix, deliver and install black top surfaces at a very competitive price. We own all of our heavy trucks and special equipment to serve our clients. Our 2009 revenue is expected to exceed $50,000,000."
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Depending on the complexity and size of each project, EastBridge normally is compensated with anywhere from 10-25% stock ownership in the client company plus cash fees 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:
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 or 972-571-1624
972-378-7981 (fax)
Email Contact
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