ATLANTA, Dec. 15, 2011 /PRNewswire/ -- East Coast
Diversified Corporation (OTCBB: ECDC) ("ECDC" or "The Company")
today announced its 2011 year end report and 2012 growth
strategy. Through pilot programs testing of ECDC's RFID/GPS
technology and its acquisition of Rogue Paper, ECDC was able to
increase revenues from $129K in 2010
to $617k in 2011 while establishing a
global network of distributors and business partners to help
further the Company's growth strategy.
ECDC's management is currently focusing on deploying its
RFID/GPS technology for logistics operations where cargo content
management is the critical objective, oil tanker monitoring, waste
management operations, and school transportation and attendance
solutions. Management is also engaging in business diversification
as seen with its acquisition of social media company Rogue
Paper.
Business Development
- The Company completed its StudentConnect product in
August 2011 and is intending to have
a full market launch in early 2012. ECDC integrated the Twitter API
with its system as a global and emergency messaging platform for
schools and has engaged several school districts for the
utilization of StudentConnect in 2012.
- ECDC has trained and equipped partners in 18 countries around
the world with its RFID/GPS software platform. These partners, who
will be marketing and selling the Company's products and technology
beginning in January 2012, are
located in countries such as the U.S., Britain, Russia, Australia, Sweden, Malaysia and Nigeria.
Business Diversification
- ECDC's acquisition of media entertainment technology developer,
Rogue Paper has helped lead the Company into the social media
universe. Rogue Paper, which boasts clients such as VH1 and
MTV, is ECDC's own TV Tune In App and acts as a communication
interface for posting and sharing messages about individual's
favorite TV shows. Rogue Paper is currently in negotiations with
several networks regarding the deployment of its product in 2012.
Rogue Paper won the AdAge award for best network second screen
application with the MTV WatchWith in 2011. The Company also
acquired "aNOTEfor," a social media site currently in development
with a focus on improving socialization on the web.
- ECDC is currently streamlining its operations as the Company
continues to execute its growth strategy. Stephanie Boyle will remain CEO of Rogue Paper,
a role in which she has served since founding the company in early
2010. ECDC is also performing an executive search for a new
CEO of its EarthSearch operations. This reorganization and
restructuring of management will allow ECDC to operate more
efficiently with a greater focus on its respective product
offerings and increased revenue generation.
In 2011, the Company added senior managers to its subsidiary
operations with a focus on increasing revenues throughout 2012 and
beyond. Rob Bohorad joined the
Company as Director of Business development for EarthSearch
Communications and Cheryl Botchick
was hired as Vice President of Client Services for Rogue Paper.
ECDC has also retained KCSA, a public relations and investor
relations management firm to guide and advise the Company in all
aspects of marketing both ECDC and its products.
"ECDC reached several milestones in 2011 as the Company
developed a solid structure through diversified businesses that
helped drive growth," commented Kayode Aladesuyi, Chairman and CEO
of East Coast Diversified Corporation. "We look forward to 2012 as
we have laid the foundation for significant future revenue
generation by adding experienced members to our management team and
expanding the Company's distribution network for our products and
services offerings."
About East Coast Diversified Corporation
EarthSearch Solutions and technologies are touching lives by
changing the way businesses and governments operate or manage
assets and security. East Coast Diversified Corporation (OTCBB:
ECDC) connects owners and their asset in ways unimaginable just a
few years ago. The Company challenges the imagination for desired
solutions using GPS, RFID and other sensor technologies. The
Company delivers solutions relevant to operations of businesses and
governments. East Coast Diversified delivers innovative technology
powered by alternative energy sources. The Company believes in and
is contributing to the green evolution.
East Coast Diversified's technology provides continuous
visibility of assets and cargo in transit, provides the visibility
of thousands of kilometers of oil pipeline and other fixed assets,
creates education resources for parents and teachers, provides
efficiency in dispatching first responders in an
emergency, and advances democracy though our ballot box
monitoring technology. For more than half a decade now the Company
has focused on and continues to innovate in the areas of RFID, GPS,
and Sensor and Biometric technologies. East Coast Diversified's
customers and partners globally are responding to the Company's
innovation and is delivering practical solutions to solve their
everyday business issues. For more information on East Coast
Diversified Corporation, please visit the company's website at
www.eastcoastdiversified.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
Media and Investor Contacts:
KCSA Strategic Communications
Todd Fromer / Sharron Silvers / Phil
Carlson
+1 212.896.1215 / +1 212.896.1282 / +1 212.896.1233
tfromer@kcsa.com / ssilvers@kcsa.com / pcarlson@kcsa.com
SOURCE East Coast Diversified Corporation