Evolution of East Bridge Investment Group
EastBridge Investment Group. Corp EBIG Stock Guru Profile
History
EastBridge, formerly ATC Technology Corp, evolved through a management buyout from a holding company. The total paid in capital was approximately $2Million as of June 06. This represents strong capitalization and belief in the firm.
The management team consists of two industry veterans, Keith Wong, President & CEO and Norm Klein, CFO,COO & IRO.
EastBridge was formerly an importer of consumer electronics. However, the strength of the GDP’s of both India and China Management made a strategic shift to investment and financial services for China and India, with an immediate emphasis on China.
International institutions immediately revised their forecasts for the mainland economy. Goldman Sachs now expects an eye-popping 12.3 per cent growth, while JPMorgan Chase is projecting 11.3 per cent. Both banks had previously forecast full-year growths of 10.8 per cent.
Keith Wong, President & CEO, is an Asian business veteran with over twenty years of manufacturing business and corporate finance experience in both Asia and the US.
Norm Klein, CFO,COO & IRO, Chief Operating Officer/CFO, has had over twenty years of business experience in manufacturing and process control with a Fortune 500 and several major firms. He also has several years of experience in managing logistics and manufacturing in Shenzhen, China.
Leo Dembinski, also on the Board has over ten years of experience in corporate finance and corporate risk management experience.
EastBridge Investment Group has distributed a total of five million shares or five percent of the common stock of Nanotek Inc., on a pro-rata basis and without considerations to its shareholders. These shares are distributed to shareholders of record on Wednesday, July 11, 2007. Nanotek’s business deals in electrical and chemical products and services.
EastBridge concentrates on the IPO, Joint Venture and Merchant Banking services in China and India. They believe that in the next few years, these two countries offer the most lucrative opportunities for EastBridge’s shareholders. Their niche is providing the listing service to the small-to-medium-size companies in these countries. In return, once they become public in the U.S., EastBridge owns marketable stock securities in them.
Eastbridge looks for the companies that have demonstrated either a steady income stream or are ready to launch commercially disruptive products that offer double digit growths in market share. Their pursuit for a high ROI (return on investment) and ROE (return on equity) is relentless. Big international financial service companies are generally not interested in the small-to-medium-size Asian companies. They believe they have an advantage.
To put things in perspective – according to the IMF the world grew at a 5.4% average annual rate from 1970 to 1973, versus a projected 4.9% from 2003 through 2007 and the main difference is found in the contribution made by China and India. Total world GDP was $13 trillion in constant dollars. Today it’s more than $36 trillion.
It has been suggested that India could well do a China and touch double-digit growth rate during the next financial year.
Finance minister P Chidambaram of India recently stated it was possible for India to achieve a 10% economic growth in 2008-09, provided agriculture grows by 4%. This announcement came following the Economic Advisory Council to the Prime Minister revision of India’s growth projections for the current fiscal to 9%.
“Achieving a 10% growth in 2007-08 is tough, but it is possible in 2008-09. That will be a fitting finale for the UPA government’s five-year tenure,” Chidambaram said while addressing the India Policy Forum here.
The country’s GDP grew 9.4% in 2006-07. Mr Chidambaram said it would be possible to push up the economic growth by improving the performance of agriculture, which has been stagnant for the last nine years. “If agriculture grows by 4%, double digit growth rate can be achieved,” he said.
In China Mainland economic growth surged to an 11-year high in the second quarter.
China’s gross domestic product expanded by 11.9 per cent year on year in the second quarter, up from 11.1 per cent in the first quarter, the National Bureau of Statistics said. For the first half, GDP grew 11.5 per cent year on year.
Economists say the world’s fastest growing major economy is likely to post a near record expansion for the whole year, recording double-digit growth for a fifth straight year, and overtake Germany as the world’s third-largest economy.
The quarterly growth rate was the strongest since the last three months of 1995.
The consumer price index rose 4.4 per cent year on year last month due to a rise in the cost of pork and grain. It was the highest monthly increase since October 2004. For the first half, the CPI rose 3.2 per cent, above the central bank’s target for the year of less than 3 per cent.
EastBridge Investment Group has distributed a total of five million shares or five percent of the common stock of Nanotek Inc., on a pro-rata basis and without considerations to its shareholders. These shares are distributed to shareholders of record on Wednesday, July 11, 2007. Nanotek’s business deals in electrical and chemical products and services.
Source: EastBridge Investment Group Corp. and Shanghai News
EastBridge Investment Group Corp.
2101 E. Broadway, #30, Tempe, Arizona
Tempe, Arizona
Phone: (480) 966-2020
Fax: (480) 966-0808
Email: info@ebigcorp.com
Investors Email: investors@ebigcorp.com
Website: http://www.ebigcorp.com
Source: Eastbridge Investment Group
About: EastBridge Investment Group focuses on small to medium-size high-growth companies in China and India offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bio science, food and retail distribution.
Forward Looking Statements: The information in this release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, fluctuations in foreign currency exchange, the impact of competitive services and pricing, or general economic risks and uncertainties.
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