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 30 th 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.
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