EastBridge Investment Group's Client, Wonder International Education, Receives DTC Approval to Begin Electronic Trading
(firmenpresse) - PHOENIX, AZ -- (Marketwire) -- 10/01/12 -- EastBridge Investment Group (OTCQB: EBIG) today announced Wonder International Education has received approval from the DTC to begin electronic trading. Wonder's common stock is listed on the Over The Counter Bulletin Board and OTC Markets under the symbol 'WIEI.' Wonder's corporate website is .
Norm Klein, COO/CFO of EastBridge, commented, "Wonder's and Eastbridge's attorneys, accountants and market makers, are to be congratulated for reaching this milestone. Now that Wonder's stock is electronic trade compliant, any shareholder can contact their broker to place buy and sell orders for WIEI."
Xiang Wei, CEO of Wonder, commented, "We are very pleased to be approved by DTC to begin electronic trading. We are expecting excellent financial results for 2012. We ended 2011 with approximately $14.8 million in revenue and $5.1 million in net income. We had an excellent first six months of 2012 with revenue at about $9.3 million with a net income of $4.2 million. A PE (price earnings ratio) of fifteen would make our share price in the range of $3.75 per share based on our 2011 net income. We expect to continue this trend throughout 2012. I want to also thank EastBridge and our legal and accounting service providers for assisting us in obtaining DTC approval."
EastBridge Investment Group focuses on high-growth companies in Asia and in the United States, 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: . To receive EBIG's email alert, send a blank email to .
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)
The Eversull Group
Jack Eversull
President
972-571-1624
214-469-2361 (fax)
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Datum: 01.10.2012 - 18:36 Uhr
Sprache: Deutsch
News-ID 188427
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PHOENIX, AZ
Kategorie:
Alternative Energy
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