Houston Texas - March 23, 2009 - Corbridge Group, Inc. (OTC: MRDV) (hereinafter "Corbridge") today announced the results of the 2008 audit of its financial statements, for the year ending June 30, 2008. Mr. Charles R. Shirley, Chief Executive Officer of Corbridge, pointed out the various highlights of the report, which includes:
Gross Revenue for Corbridge is $2,456,590, with a Cost of Goods Sold of $1,794,689, yielding a Gross Profit of $661,901 USD. Total Operating Expense for the 2008 fiscal year was $2,703,927 minus Gross Profit of $661,901, yielding a Operating Income of a negative $2,042,026. Other expenses were $225,485, leaving a Net Loss of $2,267,511. Net Cash provided by Financing Activities was $2,167,940 USD. Total Assets for Corbridge at the end 2008 fiscal year was $1,022,914 USD. Travana had Cash on Hand, as of June 30, 2008, is $63,106 USD, a net increase of $45,553 over fiscal year 2007. Investors can review the full audited financial statements at corbridgegroup.net. About Corbridge Group, Inc. Corbridge Group, Inc., based in Houston, Texas, through its fully owned subsidiary EIT Inc., is a reseller of telecommunications products and provider of engineering and installation services throughout the US and Canada. Corbridge works with regulated telephone companies and major telecommunications manufacturers including Verizon, Nokia Siemens Networks and over 100 of the Independent Operating Companies. Corbridge excels in the design, integration and installation of complex telecommunications solutions, having supported some of the most recognizable names in the telecom industry. Additional information about EIT and the products and services provided by EIT is available at www.eittelecom.com. Additional information about Corbridge and the products and services provided by Corbridge subsidiaries and affiliates is available at www.corbridgegroup.com or www.corbridgegroup.net. CONTACT: Corbridge Group, Inc.
Charles R. Shirley
(832) 225-1372
charles@corbridgegroup.com
Gross Revenue for Corbridge is $2,456,590, with a Cost of Goods Sold of $1,794,689, yielding a Gross Profit of $661,901 USD. Total Operating Expense for the 2008 fiscal year was $2,703,927 minus Gross Profit of $661,901, yielding a Operating Income of a negative $2,042,026. Other expenses were $225,485, leaving a Net Loss of $2,267,511. Net Cash provided by Financing Activities was $2,167,940 USD. Total Assets for Corbridge at the end 2008 fiscal year was $1,022,914 USD. Travana had Cash on Hand, as of June 30, 2008, is $63,106 USD, a net increase of $45,553 over fiscal year 2007. Investors can review the full audited financial statements at corbridgegroup.net. About Corbridge Group, Inc. Corbridge Group, Inc., based in Houston, Texas, through its fully owned subsidiary EIT Inc., is a reseller of telecommunications products and provider of engineering and installation services throughout the US and Canada. Corbridge works with regulated telephone companies and major telecommunications manufacturers including Verizon, Nokia Siemens Networks and over 100 of the Independent Operating Companies. Corbridge excels in the design, integration and installation of complex telecommunications solutions, having supported some of the most recognizable names in the telecom industry. Additional information about EIT and the products and services provided by EIT is available at www.eittelecom.com. Additional information about Corbridge and the products and services provided by Corbridge subsidiaries and affiliates is available at www.corbridgegroup.com or www.corbridgegroup.net. CONTACT: Corbridge Group, Inc.
Charles R. Shirley
(832) 225-1372
charles@corbridgegroup.com
Investors can review the 2008 Audited Corbridge Group Financials here: 2008 Audited Financials