Archive | December, 2011

EastBridge (EBIG): Bringing Healthy Soft Drinks to Market

EastBridge (EBIG): Bringing Healthy Soft Drinks to Market

EastBridge Investment Group Inc. (OTCBB: EBIG), a provider of financial services to emerging public companies, is helping client Fizza LLC raise capital to change a soft drinks market dominated by PepsiCo Inc. (NYSE: PEP) and Hansen Natural Corporation (NASDAQ: HANS). Led by a solid management team, the company is pioneering the healthy soft drinks market.

Fizza has developed a nutritious sparkling dairy beverage that contains all the qualitative nutrients of milk and the fun of soda. Available in orange, strawberry, apple and cola, the fat and lactose free beverages have no artificial sweeteners but all the qualitative nutrients of milk. If successful, EastBridge’s equity received from this agreement could pay big dividends.

EastBridge Signs Agreement with Fizza

EastBridge executed an agreement in late 2010 to help Fizza raise up to $3,000,000 in funding to produce its products and bring them to market in a timely fashion, according to an 8-K filing with the SEC. Under the terms of the agreement, EastBridge will receive a combination of cash and equity that was not disclosed in the agreement.

This arrangement enables EastBridge to realize some income upfront in addition to realizing back end equity that can appreciate over the long-term. In the past, the company has issued some of this equity to its own shareholders in the form of a dividend. The rest is either reported on the balance sheet as an asset or sold to generate additional revenues.

Providing Healthy Alternatives to Soft Drinks

Obesity is one of the largest threats to child health, according to many doctors. While there are many causes of childhood obesity, excessive consumption of sugar-sweetened drinks has been linked to the disease by several studies. As a result, many school cafeterias have banned soft drinks from their menus and instead offer only healthier alternatives.

Fizza has been approved by the USDA for sale in school cafeterias and is often times the only carbonated beverage available. With a potential $300 million market in schools, this represents a significant addition to its $1.1 billion potential in retail stores. And in total, these figures represent just 0.9% of the $153 billion liquid refreshment market.

Another Great Reason to Invest in EastBridge

EastBridge offers investors a unique opportunity to invest in a diversified portfolio of emerging public companies. With clients ranging from Chinese education companies to U.S. companies seeking joint ventures, the company is building significant equity with a track record of generating shareholder value through equity dividends.

For more information on EastBridge, please see the following resources:

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Tudou Announces Appointment of New Chief Financial Officer

Tudou Announces Appointment of New Chief Financial Officer

Tudou Holdings Limited (NASDAQ: TUDO) (“Tudou” or the “Company”), a leading online video company in China, today announced that its board of directors has appointed Ms. Bin Yu, the Company’s Vice President of Finance, to serve as Chief Financial Officer (“CFO”) effective January 1, 2012. Ms. Yu replaces Mr. Sam Yung King Lai, who will be resigning from his position as CFO effective December 31, 2011 due to personal reasons. Mr. Lai remains a member of the board of directors.

Ms. Yu, currently Tudou’s Vice President of Finance, has been working at Tudou since July 2010. Previously, she served in KPMG’s audit practice in both China and the United States for over 11 years. During that time, Ms. Yu advised multinational and Chinese clients, including private companies and those listed on U.S. exchanges. Ms. Yu is a Certified Public Accountant certified by the Accountancy Board of Ohio and received her Master’s Degree in Accounting from the University of Toledo.

“Mr. Lai played an important role as our CFO. On behalf of management, I would like to thank Mr. Lai for his dedication during his tenure as CFO, and wish him all the best in his future endeavors,” stated Gary Wang, Founder, Chairman and Chief Executive Officer of Tudou. “Moving ahead, we believe Ms. Yu will excel in her expanded responsibilities in leading Tudou’s finance activities. We believe her proven financial expertise, deep dedication and knowledge of our Company will continue to add significant value in helping execute Tudou’s future growth plans.”

About Tudou.com:

Tudou.com is a leading online video company in China, where users can upload, view and share videos. The Company’s comprehensive video content library includes user generated videos, premium licensed content and made-for-Internet, in-house produced original series. The Company is also a key supporter of aspiring artists through various initiatives including Warehouse No. 6, its independent talent incubator; “Orange Box,” its in-house production program; and its annual Tudou Video Festival. Tudou’s vision is to build an online community of video enthusiasts where people can find what they want to watch, share what they create and connect with like-minded people.

Safe Harbor: Forward Looking Statements

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terms such as “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “aims”, “estimates,” “confident,” “likely to” and similar statements.  Among other things, the Company’s strategic and operational plans contain forward-looking statements.  Forward-looking statements involve inherent risks and uncertainties.  A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s business strategies, initiatives and plans; the Company’s future business development, results of operations and financial condition; changes in the Company’s revenues and certain cost or expense items; the Company’s expectations with respect to increased revenue growth and its ability to sustain profitability; the Company’s services under development or planning; the Company’s ability to attract users and advertisers and enhance its brand recognition; and the ability of the online video and advertising  industry in China to grow at rates projected by market data, or at all.  Any of the foregoing risks may materially adversely affect the Company’s business and the market price of its ADSs.  In addition, the rapidly changing nature of the online video and advertising industry in China subjects any projections or estimates relating to the growth prospects or future condition of the Company’s market to significant uncertainties.  If any one or more of the assumptions underlying the market data turns out to be incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these forward-looking statements.  Further information regarding these and other risks is included in the Company’s registration statement on Form F-1 filed with the Securities and Exchange Commission.  All information provided in this press release is current as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

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China Sky One Medical to Jointly Launch Adult Stem Cell Research Enterprise

China Sky One Medical to Jointly Launch Adult Stem Cell Research Enterprise

China Sky One Medical, Inc. (“China Sky One Medical” or “the Company”) (NASDAQ: CKSI), a leading fully integrated pharmaceutical company in the People’s Republic of China (“PRC”), today announced that its wholly-owned subsidiary, Harbin Tian Di Ren Medical Science and Technology Company (“TDR”), signed an agreement (the “Agreement”) to jointly set up a new company, Harbin Tian Xin Biological Engineering Ltd.

Harbin Tian Xin Biological Engineering Ltd. is being organized to perform the storage of umbilical cord stem cells. It is also to perform the clinical applications of bone marrow stem cells, intercord mesenchymal stem cells and other human stem cells.

“As we have been involved in this area of research for the past several years, we are optimistic as to the potential of the stem cell storage and application sector. We are pleased to attract outside investors to this new venture to strengthen our capability in terms of technology and capital,” commented Mr. Yan-Qing Liu , Chairman and CEO of China Sky One Medical. “We expect that Harbin Tian Xin Biological Engineering Ltd. will be formally put into operation in the first quarter of 2012 and new products and services might be introduced into the market as early as year-end 2012.” Mr. Liu added.

On December, 12, 2011, TDR entered into an Agreement with three parties, the No. Four Hospital Associated with Harbin Medical Science University, Harbin Zheng Yuan Construction Group and Mr. Xiao-wei Zhang , pursuant to which they will jointly set up the new company for a total capital commitment of RMB 230.0 million (approximately around $36.3 million ). TDR shall invest RMB 90.0 (approximately around $14.2 million ) for an ownership stake of 39%. The four parties agreed in the Agreement that 65% of the committed capital is payable within 15 days upon execution of the Agreement, and the remaining 35% is payable within six months after initial payment is made. In addition, TDR shall have the right to appoint Harbin Tian Xin ‘s Chairman and General Manager.

About China Sky One Medical, Inc.

China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company, Harbin First Bio-Engineering Company Limited, Heilongjiang Tianlong Pharmaceutical, Inc. and Peng Lai Jin Chuang Pharmaceutical Company, the Company manufactures and distributes over-the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.cski.com.cn.

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Pratt & Whitney Shanghai Engine Center Delivers 100th Overhauled Engine to Shanghai Airlines

Pratt & Whitney Shanghai Engine Center Delivers 100th Overhauled Engine to Shanghai Airlines

Pratt & Whitney Global Service Partners’ Shanghai Engine Center today delivered its 100th overhauled CFM56® engine to Shanghai Airlines. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

“This engine delivery to Shanghai Airlines marks a new milestone for the Shanghai Engine Center,” said Tom Hutton, Pratt & Whitney Global Service Partners vice president. “The Shanghai Engine Center has achieved proven record of service excellence while rapidly expanding its customer base to the third-party airlines and overseas airlines in the Asia Pacific region.”

“We are pleased to offer the Shanghai Engine Center’s capabilities to Shanghai Airlines,” said Li Yangmin, China Eastern Airlines’ Party Committee Secretary and Shanghai Engine Center Board Chairman. “The engine was delivered within 65 days and further solidifies our commitment to providing our customers world-class services with high quality and efficiency at competitive costs.”

The Pratt & Whitney Global Service Partners Shanghai Engine Center is a state-of-the art facility with extensive part repair capacity that helps reduce engine overhaul costs and turnaround times. Pratt & Whitney, together with joint venture partner China Eastern Airlines, opened the high-technology and environmentally efficient facility in 2009. It is Pratt & Whitney’s first engine center in China and is part of the company’s Global Service Partners network providing engine maintenance, repair and overhaul (MRO) services to customers worldwide. The approximately 23,000 square-meter (250,000 square-feet) facility meets the Platinum standards of the United States Green Building Council’s Leadership in Energy and Environmental Design (LEED®) rating system.

“We appreciate the opportunity Shanghai Airlines has given us to provide them with MRO services,” said Aki Nakano, president, Pratt & Whitney China Commercial Engines & Global Services. “Shanghai Engine Center has provided services to the third party customers both in China and in the Asia Pacific region. We’re confident the Shanghai Engine Center’s strategic positioning will continue to increase our presence in China’s MRO market, as well as in the region. We’re also ready to expand our service capabilities to include both CFM56® and IAE V2500® engines in 2013.”

Established in 1985, Shanghai Airlines is the first commercial airline in China. It has a fleet of 62 aircraft, serving more than 140 domestic and international destinations. Shanghai Airlines entered the merger with China Eastern Airlines in 2009 and the consolidation has strengthened Shanghai’s position as an international aviation hub. “We’re glad to benefit from the professional services that are provided by Pratt & Whitney Shanghai Engine Center,” said Cheng Guowei, Shanghai Airlines Deputy general manager. “Their efficiency helped us reduce the lead time and enable us to minimize the service cost.”

Pratt & Whitney Global Service Partners is a total service provider for engines made by Pratt & Whitney, International Aero Engines, General Electric, Rolls-Royce and CFMI. Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

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