EastBridge Investment Group Begins Legal and Auditing Process for Wenda Education Group to Go Public
2008-04-01 05:00:00
EastBridge Investment Group Begins Legal and Auditing Process for Wenda Education Group to Go Public
PHOENIX, AZ–( EMWNews – April 1, 2008) – EastBridge Investment Group (EBIG) (
Wenda Advanced Professional College Group in Anhui, China in order for
EBIG’s SEC attorney and auditors to begin the SEC registration process.
EBIG expects that Wenda will become a Nasdaq or AMEX listed company by
December, 2008. Wenda is one of the four EBIG clients selected to go public
this year. Besides AREM Group Inc and now Wenda, EBIG will announce two
more clients shortly.
EastBridge signed the listing agreement with Wenda on October 26, 2007.
Wenda is a major regional professional college located just west of
Shanghai, China. It offers professional and vocational educational programs
to train post high school students to improve their skills for higher
paying jobs. Wenda offers programs mainly in the computer related IT
sectors such as network design, hardware technology, computer graphics,
CAD, animation, network database and network security. It is estimated that
there are over 400 million youths in the 15-to-30-year-old group in China.
Norm Klein, CFO and COO of EBIG, commented, “Wenda is in the very high
growth education industry. There is a considerable demand for this kind of
service provider. A recent listing on the NYSE of a Chinese company, New
Oriental Education & Technology Group, located in Beijing, drew significant
attention in the stock market and is trading at over $80 per share. New
Oriental Education & Technology Group’s model is similar to Wenda’s:
educating the general public to attain better paying jobs.”
EastBridge divides its clients into three annual revenue sizes: Growth:
one-ten million dollars; Market-Niche: ten-twenty million dollars;
Market-Leader: above twenty million dollars. Wenda is substantially above
the Market-Leader category.
Depending on the complexity and size of each project, EastBridge normally
is compensated with anywhere from 10-25% stock ownership in the client
company for the listing services provided.
To view an analyst’s report by Chris Gupta, CFA, senior equity stock
analyst: http://www.ebigcorp.com/EBIG/Home/Ebig_Analysts_Report.pdf
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 [email protected].
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) Investor Relations: |
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