PHOENIX, AZ–(MARKET WIRE)–Nov 16, 2007 — EastBridge Investment Group (EBIG) today announced that it has appropriated for distribution a total of ten million shares or five percent of the common stock of General Farms Corporation, on a pro-rata basis and without considerations to its shareholders of record on Friday, November 16, 2007. General Farms Corporation, a wholly owned subsidiary of EastBridge, focuses on beverage and food manufacturing business in Asia. The eligible shareholders will automatically receive the stock certificates or electronic deposits into their accounts when the General Farms’ stock is listed and begins trading.General Farms Corporation is scheduled to be spun off as a public company within twelve to eighteen months, subject to receiving all the necessary approvals. EastBridge’s subsidiaries will be growing revenues and profits and looking for merger opportunities prior going public.
Norm Klein, COO and CFO of EastBridge Investment Group, remarked, “This is EBIG’s third dividend share distribution announcement since EBIG began trading in June 2007. Our business model is to continue setting up wholly owned subsidiaries as we enter new business sectors. We plan to spin off the wholly owned subsidiaries as soon as possible as public companies. EBIG shareholders will ultimately own a diversified portfolio of international companies.”
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 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.
The information in this news 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.
Contact:
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
972-378-7981 (fax)
Email Contact
Source: EastBridge Investment Group
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com. Disclosure: Pentony Enterprises LLC was compensated 430,000 restricted shares directly from the company for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.