Vir2o to Offer Free Music Service "VMaestro"
June 30 2014 - 8:45AM
Marketwired
Vir2o to Offer Free Music Service "VMaestro"
Company Enters a Music Licensing Agreement With Medianet, Will
Gain Access to 16 Million Tracks
MARIETTA, GA--(Marketwired - Jun 30, 2014) - WetWinds
Inc., a wholly owned subsidiary of East Coast Diversified
Corporation (OTC Pink: ECDC) (PINKSHEETS: ECDC), today announced
that it has entered a licensing agreement with Medianet to gain
access to a library of 16 million tracks and more than a
million artists with over 100,000 tracks added weekly.
Vir2o will offer service through its music platform VMaestro.
The service will offer a unique twist to the growing online music
service market. VMaestro will be offered within a social media
platform, using its proprietary nVite technology which allows live
interaction between users. Multiple users can listen together
interactively. Music service under the agreement will be available
in the US, Canada and UK.
VMaestro will offer advertisement based music service which will
allow users to create music channels and playlists. Users can
access VMaestro on all 3 platforms (Mobile devices, Notebook and
Desktops) Vir2o nVite technology will allow users to invite friends
to join listening sessions. All participants in a session can
actively engage with the music content or playlist. Vir2o provides
a cross platform capability allowing users to interact regardless
of platform or location.
"We will launch VMaestro, other media and retail contents on
Vir2o this fall. Our nVite technology will allow us to have more
views and clicks for advertisers, and social shopping will take on
a new meaning, With user interaction based on content such as
movies, music and shopping, we anticipate a higher than average
revenue per user compared to most social media platforms," said
Kayode Aladesuyi, ECDC Chairman/CEO.
With our key subsidiaries (StudentConnect and Vir2o) now out of
development and in deployment phase, 4th quarter 2014 will be a key
turnaround quarter for us; the business units are finally maturing,
said Andrea Sousa, Comptroller, ECDC.
For more information on East Coast Diversified and its group of
companies, please visit: www.vir2o.com
To learn about StudentConnect please visit:
www.studentconnect.us or
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.
CONTACT: Media Relations: East Coast Diversified Corporation
770-953-4184 866-503-9316
mediarelations@eastcoastdiversified.com