SOURCE: EastBridge Investment Group
PHOENIX, AZ--(Marketwire - Oct 1, 2012) - 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 http://www.wondedu.com.
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: www.EbigCorp.com. To receive EBIG's email alert, send a blank email to info@EbigCorp.com.
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