EastBridge Investment Group Distributes Dividend Shares in Two Wholly-Owned Subsidiaries to Its Shareholders
21 May 2007 - 8:00PM
PR Newswire (US)
PHOENIX, May 21 /PRNewswire-FirstCall/ -- EastBridge Investment
Group (OTC:EBIG) (BULLETIN BOARD: EBIG) , the first and only Over
the Counter Bulletin Board company (http://www.ebigcorp.com/)
devoted to bringing small to medium sized, high growth companies
from China and India public in the U.S., today announced that it is
granting a dividend to shareholders amounting to five percent of
the common stock of each of its two wholly owned subsidiaries
without considerations. Shareholders of record on June 11, 2007
will receive a total of 5 million shares, on a pro-rata basis, or
five percent of the common stock of Fiber One Ltd., Hong Kong,
China, EastBridge Investment Group's subsidiary servicing the fiber
optics industry in China. Also, shareholders of record on July 11,
2007 will receive a total of 5 million shares, on a pro-rata base,
or five percent of the common stock of Nanotek Ltd., Beijing,
China, EastBridge Investment Group's high tech company in the nano
electronics and chemical sectors. "Distribution of these dividend
shares in companies that we anticipate will be spun off to go
public within 12 to 18 months, or as soon as approved by the
relevant authorities, should be viewed as a significant positive by
our investors," said Keith Wong, President and CEO. "EastBridge
Investment Group is dedicated to keeping its investors as
significant partners in its progress." Shareholders with ATC
Technology Corp. stock certificates should send these by secure
carrier, with a $25 handling fee, to EastBridge Investment's
transfer agent to have the restriction removed. That address is
Jersey Transfer and Trust Co., 201 Bloomfield Ave., P.O. Box 36,
Verona, N.J. 07044. The phone number is 973/239-2712. Other
shareholders should contact their broker for assistance. The
shareholders of ATC Technology became shareholders in EastBridge
Investment as part of a restructuring. Forward-Looking Statements
Statements in this press release may constitute forward-looking
statements and are subject to numerous risks and uncertainties,
including the failure to complete successfully the development of
new or enhanced products, the Company's future capital needs, the
lack of market demand for any new or enhanced products the Company
may develop, any actions by the Company's partners that may be
adverse to the Company, the success of competitive products, other
economic factors affecting the Company and its markets, seasonal
changes, and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission. The
actual results may differ materially from those contained in this
press release. The Company disclaims any obligation to update any
statements in this press release. CONTACT: EastBridge Investment
Group Norm Klein, CFO, COO 480/966-2020 Fax: 480/966-0808
DATASOURCE: EastBridge Investment Group CONTACT: Norm Klein, CFO,
COO of EastBridge Investment Group, +1-480-966-2020, or fax,
+1-480-966-0808 Web site: http://www.ebigcorp.com/
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