EastBridge Investment Group Corporation (OTCBB: EBIG)
PHOENIX, AZ–(MARKET WIRE)–Sep 21, 2007 — EastBridge Investment Group (EBIG) (OTC BB:EBIG.OB – News) today announced that it has signed an agreement to make an additional investment in AREM Wines Pty, Ltd, www.aremwine.com.au, an Australian Wine company in Melbourne, Australia.
Under the terms of the agreement, EBIG will immediately issue 8,000,000 shares of its common stock, restricted for one year, for a total of 15% of AREM’s stock ownership. This agreement replaces the previous investment agreement between EBIG and AREM. The additional investment made by EBIG for the same percentage of ownership in AREM per its previous agreement represents the result of AREM’s recent ownership restructuring and the substantial increase in AREM’s valuation.
Norm Klein, COO and CFO of EBIG, commented, “AREM Wines has made impressive gains. This new investment commitment shows our enthusiasm for AREM Wines. We feel that AREM is a great opportunity for EBIG and will be very successful. Our shareholders will benefit from the future success of AREM in China and other markets.”
Thomas Tang, President of AREM Wines, said, “We are very happy to have reached this new investment plan between our two companies. AREM Wines has entered a high growth period. We are convinced that the relationship between EastBridge and AREM will benefit both of our shareholders in the long run.”
Upon closing of this new agreement, AREM’s Australian founders and original shareholders own, as a group, a total of 85% and EBIG will own 15% of AREM.
AREM distributes its wines in Australia as well as China and Southeast Asia. Its main market, however, is China. AREM is concentrating on meeting the demands for their exclusive Australian wines from China. To learn more about AREM Wines Pty, Ltd go to: www.aremwine.com.au.
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
Jack Eversull
The Eversull Group, Inc.
972-378-7917
972-378-7981 (fax)
Email Contact
Source: EastBridge Investment Group
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