EastBridge Investment Group (OTC-BB: EBIG), a financial services and business development company, similar to companies like Goldman Sachs Group, Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS), announced their earnings guidance for the quarter.
EastBridge Investment Group (OTC-BB: EBIG) recently announced their earnings guidance. It is projected that the company will report a strong quarter with approximately $1.0 Million in revenue with a profit of approximately $800,000 during the 4th quarter of 2010 in its annual report, due to be released in March, 2011. These positive results are due to incomes derived from a couple of clients.
Norm Klein, CFO and COO of EastBridge, commented, “We are very happy to see the strong bookings in the last quarter from a couple of clients. We expect to continue this positive trend and book more incomes as we progress further with these and other clients. Our pipeline model of clients and subsequently incomes from these clients’ stocks and cash fees are beginning to reflect in our financial statements.”
Keith Wong, CEO of EastBridge, added, “This year will be a busy year for EastBridge. We expect two listings to occur before June and another two or three before the year is over. At the same time, we are working on new clients to keep the pipeline filled for 2012.”
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.
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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