StudentConnect Executes Licensing Agreement and Delivers Product to Smart1st LLC in Lebanon
March 17 2014 - 9:05AM
Marketwired
StudentConnect Executes Licensing Agreement and Delivers Product to
Smart1st LLC in Lebanon
Products Shipped Include Pilot Programs for 10 Private Schools
in Lebanon
MARIETTA, GA--(Marketwired - Mar 17, 2014) - StudentConnect
Inc., a wholly owned subsidiary of East Coast Diversified
Corporation (OTCQB: ECDC), today announced that it has granted
exclusive territorial licensing rights and the marketing of
StudentConnect technologies to Smart1st LLC, a Lebanon based
technology company.
"This is StudentConnect's first entrance into the international
market. We hope to introduce the technology to several other
countries where the safety of students riding on school buses is
critical," said Kayode Aladesuyi, ECDC Chairman/CEO.
"Living in a country where student's safety on school buses is
becoming of utmost importance due to the political situation,
Smart1st is proud to partner with StudentConnect to bring student
transportation safety to the Lebanese schools. We strongly believe
the technology which is now being widely deployed in the US schools
will have a warm welcoming from both the parents and school
administrators across the region. We look forward to a successful
partnership," said Llila Kasparian, CEO, Smart1st LLC.
About East Coast Diversified Corporation (OTCQB: ECDC) -- ECDC
is a holding corporation with a diversified group of technology
companies. Its business portfolio includes companies offering
technology for logistics and asset management, school
transportation safety and social media applications.
For more information on East Coast Diversified and its group of
companies, please visit: www.eastcoastdiversified.com or
www.studentconnect.us
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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 Relations: East Coast Diversified Corporation 770-953-4184
866-503-9316 investorsrelation@eastcoastdiversified.com