Share prices for EastBridge Investment Group (OTCBB: EBIG) jumped 8.33 percent today after the company announced “several positive developments” earlier this morning.According to the company’s most recent press release, EastBridge is with Hong Kong-based fiber optics and optical science firm Amonics Limited to have the latter company listed on one of the United States-based stock markets. EastBridge gave a number of reasons for having Amonics posted to the American markets, such as the company’s recent sale and delivery of 14 high-power CATV transmitters to a leading U.S. cable TV company; the company’s recent entry into the bio-photonics market; and the company’s recent filing for a patent at the National Institute of Information in Japan.
Norm Klein, EastBridge Investment Group’s COO, was positive about the decision.
“We are excited to have Amonics as a client,” Klein said in the release. “Amonics has demonstrated that they are the type of dynamic high-growth Chinese company that we seek to take public in the United States. We feel that their recent initiatives will bode well in the future for EastBridge and our shareholders. We look forward to completing the necessary approvals to list them on one of the U.S. stock markets. Due to their recent achievements, we are expediting the process to take them public.”
EastBridge Investment Group focuses on small to medium-size high growth companies in China and India, offering IPO’s, joint ventures and merchant banking services. The company targets industries in electronics, real estate, auto, metal, energy, environmental, bio-science and food retail distribution.
“With the economies in China and India growing by leaps and bounds, the management has made a strategic shift of its business focus to that of investment and financial services for China and India, with an immediate emphasis on China,” the company’s Web site states. “The management team believes that they can create more value for their shareholders in pursuing this strategy.”
In response to the news, the company’s stock rose from 6 cents a share to 6.5 cents a share. Calls made to EastBridge went unreturned.
