ECDC ROIDAL NEWZZ / Announces 258% YTD Revenue Growth

New Post Public Reply Private Reply Replies (0) Message Board

Aug 6, 2012 at 8:40 AM

[b]ECDC >> ROIDAL NEWZZ / Announces 258% YTD Revenue Growth[/b]

2012-08-06 08:30 ET - News Release

Company announces revenue grew by 204% for same Quarter 2011

ATLANTA, Aug. 6, 2012 /PRNewswire/ -- East Coast Diversified Corporation (OTC.QB:ECDC), announces today that its revenue for the first half of the year was at 258% for the same period for 2011. For the quarter ending June 30th revenue grew by 204%. The Company further announced that its year to date revenue has exceeded all of 2011 revenue.

For the second quarter ending June 30, 2012, the Company will report sharp revenue increases over same quarter 2011. Revenues for the first quarter of 2012, outpaced 2011 growth rate, the second quarter represents continuing growth for the company. Revenue continues to grow on a quarter to quarter and year to year comparison, driven by a maturing business portfolio.

"We expect revenue growth to continue due to the Joint Venture and licensing agreements EarthSearch recently executed in the US (SAP and McLeod Software); and with sales operation coming online for our new partners in Kenya and Russia. In addition, Rogue Paper business is maturing and within the next several quarters going into 2013 we will launch 2 new divisions, WetWinds and StudentConnect to further drive revenue growth. These are exciting times for ECDC," said Kayode Aladesuyi, CEO.

About East Coast Diversified Corporation

East Coast Diversified Corporation (OTC.BB: ECDC.OB) is a holding corporation with a diversified group of technology companies. Its business portfolio includes businesses offering technology for logistics and asset management, media entertainment technology, transportation safety and class attendance monitoring system and social media applications.

EarthSearch offers solutions using the world's first wireless communication between GPS and RFID. EarthSearch delivers solutions relevant to the operations of businesses and governments across the globe, providing efficiency, cost saving, continuous visibility of assets and cargo in transit, with real time visibility across the entire supply chain. Solutions delivered include warehouse operation, movement of secured cargo, oil tankers, pipeline and other fixed assets management solutions. EarthSearch solutions integrate sensor technology for fuel monitoring, temperature sensor, weight sensors, door sensor and a variety of other custom applications. From ore information www.earthsearch.us

StudentConnect also utilizes our proprietary wireless communication between GPS and RFID to provide transportation safety and class attendance monitoring solutions to schools, alerting parents and schools of safe departure and arrival of students riding on school buses and providing an automated class attendance monitoring system that engages parents with information about student behavior at school, including providing real time notification regarding truancy and skip class behavior. StudentConnect uses wireless technology integrated with GPS/RFID to gather and combine parental behavior, student behavior at school and academic data to create predictive analytics for school administrators that help with improving education. For more information www.studentconnect.us

Rogue Paper's award-winning social media technology. TV Tune-In, developed by Rogue Paper, is a real-time, companion viewing and mobile app development platform for media companies to help drive viewership, conversation and interactions for television shows and content. TV Tune-In's CMS allows media companies to develop branded iPhone and iPad apps for television shows and channels. Powering such category leading applications as MTV's WatchWith and VH1's Co-Star iPhone and iPad applications, users can actively comment along with their favorite show (live or time-shifted). For more information www.roguepaper.com

WetWinds, a new social media division scheduled to launch in summer 2012 will deliver interactive social media experience to audiences and users across the globe. Register to be part of the first one million global beta users at: www.wetwinds.us

For more information on East Coast Diversified Corporation and its group of companies 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.

Editorial Contact
Glenn Davis
East Coast Diversified Corporation
+1 770-953-4184
866-503-9316
investorrelations@eastcoastdiversified.com

SOURCE East Coast Diversified Corporation

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

New Study Exposes Grim Reality for Moderate Aortic Stenosis

Uncovering the Stark Truth of Moderate Aortic Stenosis When you hear about heart issues, the last thing you want to think about is moderate anything. But this study out of San Diego sure throws a wrench in how we size up moderate aortic stenosis. Turns out these patients aren't just in a holding pattern—they're facing some serious storm clouds. High Stakes for...

Infiterra Streamlines Subscription Commerce for MSPs

Revolutionizing How MSPs Navigate Subscription Commerce Just when you thought subscription commerce for IT might plateau, Infiterra's stepping up with some slick integration magic. They're rolling out tools that are about to make life a lot easier for Managed Service Providers (MSPs) and IT distributors. Yeah, the technological world spins fast, and these folks want in on...

HIQILI's Organic Lavender Oil: Everyday Tranquility Unleashed

Lavender: More Than Just a Bedtime Buddy Busting in from Jersey City, HIQILI’s thrown another organic punch into the wellness ring with their new lavender essential oil. But don’t get it twisted, this isn’t just for knocking you out at night. Think daytime pal—ready to hold your hand through any storm your calendar drums up. Traditional Aromas for Modern Madness...

Hippocratic AI's Polaris 6 Ultra Reshapes Healthcare AI

A Bold Move in Healthcare AI Imagine a world where your healthcare provider feels less like a machine and more like a human—a world where AI doesn't just regurgitate data but reads and reacts to your emotions in real-time. Enter Hippocratic AI’s latest creation: Polaris 6 Ultra. Billed as the first AI healthcare model with “bedside intuition,” this beast is saying...

MSA Safety's Q3 2026: Strong Sales, Strategic Moves

MSA's Stellar Growth Amidst Strategic Shifts Ah, the rush of quarterly results, and today we're eyeballing MSA Safety's third quarter of 2026. If numbers light your fire, MSA's boasting some scorching ones right now. The company's net sales shot up to $536 million—a 15% leap from the previous year. Now, in this dog's game of margins and market maneuvers, that's a solid...

Florida Homebuyers: Navigating Flood Zone Risks Smartly

Florida Properties: The Buried Risk in Flood Zones If you’re dreaming of palm trees and sandy beaches, don't let flood zones turn that dream into a nightmare. It’s not all sunshine and rainbows when it comes to buying real estate in Florida, as it turns out—flood zones are lurking, and the devil's in the details. Understanding FEMA Flood Maps First off, these FEMA...

Alair Homes Expands Footprint in Missouri, Partnering with Local Talent

Well, here's a move that might not have every trader jumping up, but it sure rings a few bells for those watching the construction sector. Alair Homes, the giant in the custom building space, is planting roots in Columbia, Missouri, by joining forces with Brad Young, the brain behind TigerTown Home Improvement. Now, that's one way to bolster your game in a growing market...

Watches of Switzerland Dazzles with Holiday Campaign

Swiss Timepieces Take Center Stage Ever feel like there's a certain art to gift-giving? Apparently, The Watches of Switzerland Group thinks so, and they're not holding back in showing us how it's done with their new 'Brilliantly Given' campaign. They’re taking a classic approach by spotlighting luxury timepieces and fine jewelry just in time for the holiday...

Asia-Pacific Tackles Aging: Cooperation and Innovations

Aging Population Poses Global Challenge Population aging is riding the forefront of some serious conversations lately, with the 2026 Asia-Pacific Regional Conference on Population Ageing in Hangzhou underscoring just how big this wave is—and will be. Held at the end of October, this gathering wasn’t just folks sitting around a table. They were hammering out what the...

Hudsonville's Leadership Shift Eyes the Future

Hudsonville's New Chapter: Enter CJ Ellens When a firm as storied as Hudsonville Ice Cream elects a new captain at the helm, folks sit up and take notice. CJ Ellens, already well-embedded in the fabric of Hudsonville, is set to steer the ship starting January 1, 2027. This isn't just a revolving door of C-suites, but more like a passing of the torch to someone bred in the...