$EBIG’s Client, AREM Pacific Corp., Acquires Yacht Builder
July 26th, 2010 at 10:45 am Posted by
Over the past couple of weeks, The Dean has been teaching his students about $EBIG and the company’s potential to cash-in on taking foreign companies public in the U.S. capital markets.
The Dean’s fifth-ever Ivy League Stock, Eastbridge Investment Group (OTC: EBIG) just announced that its client, AREM Pacific Corp, signed a definitive agreement to acquire AlloyTec, a yacht builder in Melbourne, Australia.
AlloyTec uses aluminum alloy as the base material to build its yachts, and AREM Pacific Corp. plans to help the company establish a base in China to produce leisure yachts.
This morning’s press release also tells us that $EBIG will begin working on getting AREM Pacific Corp. listed on the OTCBB exchange. Additionally, $EBIG COO/CFO Norm Klein revealed the Company is working on “finishing up on our current projects, [and] preparations are being made for the 2011 and 2012 projects. Our pipeline model is working as planned.”
It sounds like yet another one of $EBIG‘s clients is making progress in a high-growth industry, and working towards becoming a publicly listed company in the U.S.
Although specific details of $EBIG‘s future stock ownership of AREM Pacific Corp. was disclosed, the Company typically owns anywhere from 10% to 25% of their client companies.
Disclosure: The Dean has been compensated 300,000 restricted shares by the company to provide communication services. These shares cannot be sold before January 2, 2011.
