Archive | July, 2011

EastBridge (EBIG) Client Tsingda Education Hires New Underwriter to Expedite IPO

EastBridge (EBIG) Client Tsingda Education Hires New Underwriter to Expedite IPO

EastBridge Investment Group, Inc. (OTCBB: EBIG), a provider of financial services to emerging public companies in Asia, with clients similar to companies like Chinacast Education Corporation (Nasdaq: CAST) and China Education Alliance, Inc. (NYSE: CEU), recently announced that Tsingda Education engaged a new underwriter in order to expedite its initial public offering.

EastBridge Investment Group (OTCBB: EBIG) announced today that its client, Tsingda Education, has engaged a new, well-known underwriter and brokerage firm in New York to take it public on a primary stock exchange in September, 2011.

Mr. Norm Klein, CFO/COO of EastBridge, commented, “We are very happy to see that a new underwriting engagement agreement is signed right on the heels of Tsingda’s latest infusion of $13.68 million from a private equity fund, giving the stock a new valuation of $4.56 per share. In September, 2010, it was only worth $1.60 per share. In compliance with certain SEC IPO quiet rules, we will release additional info when it is available, allowed and appropriate.”

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. 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. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp.

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.

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EastBridge (EBIG) Client Tsingda Obtains Pre-IPO Funding

EastBridge (EBIG) Client Tsingda Obtains Pre-IPO Funding

EastBridge Investment Group, Inc. (OTCBB: EBIG), a provider of financial services to emerging public companies in Asia, with clients similar to companies like Chinacast Education Corporation (Nasdaq: CAST) and China Education Alliance, Inc. (NYSE: CEU), recently announced that Tsingda Education obtained pre-IPO funding.

EastBridge Investment Group (OTCBB: EBIG) recently announced that its client, Tsingda Education, has obtained a private equity funding of $13.68 million.

Mr. Keith Wong, CEO of EastBridge, commented, “This is a very positive step before Tsingda’s IPO. The new private equity investor has bought 3,000,000 shares at $4.56 per share. Tsingda now has a pre-IPO market valuation of about $183,000,000. The previous private equity investors paid $1.60 per share in September 2010. All the pertinent information of the current and previous transactions has been filed with the Securities and Exchange Commission. We are working diligently with Tsingda to facilitate their IPO work.”

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. 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. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp.

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.

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EastBridge (EBIG) Reveals Upcoming Catalysts on Conference Call

EastBridge (EBIG) Reveals Upcoming Catalysts on Conference Call

EastBridge Investment Group, Inc. (OTCBB: EBIG), a provider of financial services to emerging public companies in Asia, with clients similar to companies like Chinacast Education Corporation (Nasdaq: CAST) and China Education Alliance, Inc. (NYSE: CEU), recently held an investor conference call that outlined its current status and future outlook.

EastBridge Investment Group Inc. (OTCBB: EBIG), a provider of financial services to emerging public companies in Asia, held an investor conference call on July 11, 2011, which outlined its current status and future outlook. On the call, the company’s executives also revealed a number of near-term catalysts that could push the stock higher over the coming months.

Chinese IPO Markets are “Slowly Improving”

In order to obtain a favorable valuation, EastBridge clients Tsingda Education and Wonder Education have been forced to delay their initial public offerings. A number of recent accounting scandals, combined with government measures to slow the economy, has adversely affected investors’ appetite for Chinese public companies. But luckily, things are now starting to turn around.

Management indicated on the conference call that the Chinese IPO climate is slowly improving and they are in discussions with investment banks to set a date for the offerings. Meanwhile, both companies are fully reporting and continue to post strong top and bottom line growth. Tsingda Education’s net income is projected to reach $16 million in 2012, while Wonder Education has projected growth of around 20%.

In addition to Tsingda and Wonder, the company is close to filing registration statements for two other clients, Dwarf Technology and Arem Pacific.  They expect to file both companies within the next 30 to 45 days.  Also, they continue to work with several other clients to prepare them for the process to get listed on a US stock exchange.  EastBridge’s pipeline of clients is strong and flowing.

Fizza and Cambium Provide Near-term Potential

In the meantime, EastBridge has branched out into new agreements that involve upfront payments as well as equity. Some investors are hoping that these agreements will pay off in the near-term, while Tsingda Education, Wonder Education and other clients offer longer-term potential with their equity.

Management indicated on the conference call that one of its clients, Cambrium Learning, was working with Tsingda Education to introduce English language learning software and services in China. The company is earning a fee by virtue of this introduction, and will share in the revenue generated by this joint venture (JV) between Tsingda and Cambium.   Of course, this JV will also provide additional revenue for Tsingda helping to improve its net income, leading to a higher IPO valuation.

Fizza is a U.S.-based client that is developing a drink that tastes like soda but has the same healthy properties as milk. In a similar arrangement, this company paid an upfront fee in addition to equity in order to engage EastBridge.  Meanwhile, management reported significant progress in setting up its manufacturing capacity and preparing its product for launch.

A Great Investment Opportunity

Due to the IPO delays and its temporary delisting from the OTCBB, EastBridge’s stock dropped some 55% over the past six months. Now, the company is relisted on the OTCBB and closer than ever to facilitating several IPOs and unlocking significant value for shareholders. In the meantime, the firm’s fee-based clients should provide a steady income to help bolster its financials.

In the end, these factors make EastBridge Investment Group (OTCBB: EBIG) an attractive investment opportunity at these levels.

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Silver Dragon (SDRG) Starts Production at Chinese Silver Mine

Silver Dragon Resources Inc. (OTCBB: SDRG), a mining and metals company focused on exploration and development in proven silver districts globally, similar to companies like Minco Silver Corporation (TSE: MSV) and Endeavour Silver Corp. (NYSE: EXK), recently announced that it has begun production at the Erbahuo Silver Mine located in China.

Silver Dragon Resources Inc. (OTCBB:SDRG – News) is pleased to announce that production has been formally commenced at the Erbahuo silver mine, located in Wengniute county, Inner Mongolia, China. The Erbahuo mine is 70% owned by Silver Dragon through its subsidiary Chifeng Silver Dragon Resources & Technologies, Ltd. (“Chifeng Silver”) and is currently being operated by Chifeng Silver’s partner Guangxi Hongteng Mining, Ltd. (“GHM”) as part of a five-year arrangement (see press release of March 23, 2011).

Click Here to View Photos from Erbahuo Silver Mine

Production was made official with a formal ribbon cutting commencement ceremony. Local officials visited the project, toured the facilities and participated in the ceremony. After three months of preparatory work, GHM started mining silver ore utilizing the currently existing tunnels. An on-site pool leaching system will process the ore with a breakthrough cyanide-free leaching technology. GHM expects to mine out 30,000 to 40,000 tonnes of silver ore resulting in approximately 160,000 ounces of silver production by the end of this year.

“We are excited to see the Erbahuo mine has formally commenced production with the assistance of our strategic partner,” commented Marc Hazout, President and CEO. “With strong partnerships and silver prices at historical highs, we are confident the Erbahuo mine will be a successful operation with revenues reflected in our financial reporting this year.”

“I am very pleased with our mine operator’s efficiency and quality of work and look forward to good profits,” stated Guoqiang Hao, director of Silver Dragon and Huaguan Industrial Corp. (“HIC”). “Moreover, the current mining operation has also revealed some new ore-finding clues that may lead to additional resources, which may significantly boost the profitability of our Erbahuo project.”

About the Erbahuo Silver Mine

The Erbahuo silver mine covers an area of 1.2 square kilometers. It is located 120 kilometers northwest of the city of Chifeng, which is 450 kilometers northeast of Beijing, China, and comprises the Erbahuo mining district, part of the prolific silver belt on the structural join where the north edge of the North China platform meets with the south edge of the Hercynian fold belt of the Great Xingan Mountains. The deposit is a shear zone-hosted and strata bound volcanogenic hydrothermal system of parallel trending and dipping mineralization, containing pyrolusite, psilomelane, limonite, pyrite, galena, sphalerite, chalcopyrite, and other silver related mineralization. Silver is concentrated within manganese oxides. Erbahuo used to be considered a silver manganese mine within a fracture zone. In recent years, however, the features of strata bound silver deposits have been discovered, suggesting the potential for significant further resources in sulfides containing silver, copper, molybdenum, and other metals.

A National Instrument (NI) 43-101 technical report on this property was completed in July 2007 and updated in 2010 by Micromine Consulting, a resource sector consulting company headquartered in Perth, Australia.
A feasibility study for the Erbahuo polymetallic project was completed in early 2009 by Beijing Tenstar Technology Ltd. of Beijing, China (see press release of April 7, 2009).

About Chifeng Silver Dragon Resources & Technologies, Ltd.

Chifeng Silver Dragon Resources & Technologies, Ltd. (“Chifeng Silver”), is a Sino-American joint venture between Silver Dragon Resources Inc. and Huaguan Industrial Corp. (“HIC”), a Chinese state-owned entity. Chifeng Silver holds the mining rights and license issued by the Department of Land & Resources, Inner Mongolia for the Erbahuo silver mine. The license includes mineable ore types of silver, gold, and lead. The business license, issued to Chifeng Silver by the local industrial and commercial administration, expands Chifeng Silver’s business scope to include silver mining and sales of mineral products (see press release of August 2, 2010).

About Silver Dragon Resources Inc.

Silver Dragon Resources Inc. is a mining and metals company focused on the exploration, acquisition, development and operation of silver mines in proven silver districts globally. Silver Dragon’s objective is to acquire silver mining assets that contain promising exploration targets, have highly leveraged, out-of-the-money silver deposits, and/or are producing properties with significant untapped exploration potential. It is management’s objective to grow Silver Dragon into a significant silver producer by developing its six Sino-Top properties in China (particularly Dadi and Laopandao), and its Erbahuo Silver mine (via its Chifeng Silver Dragon subsidiary), also in China. For more information, please visit the Company’s website at: www.silverdragonresources.com (now available in Chinese).
The Silver Dragon Resources Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4242
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to: general economic conditions and financial markets, changes in market prices of silver and other metals, technological and operational risks (including but not limited to construction delays, logistics issues, and equipment performance or failure), and other risks set out in the Company’s most recent Form 10-K available at www.sec.gov/edgar.shtml.

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