SOURCE: EarthSearch Communications International, Inc. (East Coast Diversified Corp.)

April 13, 2010 08:00 ET

East Coast Diversified Corporation Completes Deal With EarthSearch and Enters GPS and RFID Technologies Industry

Becomes Parent Company of EarthSearch Communications International

ATLANTA, GA--(Marketwire - April 13, 2010) -  East Coast Diversified Corporation (ECDC) (OTCBB: ECDC) announced today that the final closing of the Private Stock Purchase Agreement with EarthSearch Communications International, Inc. (EarthSearch) has occurred, making Kayode Aladesuyi, Chairman/CEO of EarthSearch, the control shareholder of ECDC and completing the Share Exchange Agreement between the two corporations. With the completion of this share exchange agreement, ECDC enters the GPS and RFID technologies industry with its flagship products, LogiBoxx™ and GATIS™, offering the first real-time monitoring solution that provides continuous visibility of important assets.

LogiBoxx, an intelligent GPS device integrating RFID and GPS technology at the hardware level, provides unique real-time applications for many business needs. The LogiBoxx Certified family of solutions includes RF and other wireless infrastructure, data-capture and mobile solution products along with a middleware component. Together, these products enable businesses to improve asset management, enhance safety and security, increase productivity, and deliver real-time, continuous visibility of assets. When combined with its proprietary Global Asset Tracking and Identification System (GATIS) middleware, a complete LogiBoxx Certified Solution helps clients simplify deployment, lower operational costs, and improve return on investment.

"We are closing the gap between Real Time Location Services (RTLS) and true delivery of actionable data in real-time which will change the way businesses operate in the future," said Mr. Kayode Aladesuyi, Chairman and CEO of ECDC and EarthSearch.

About EarthSearch Communications International
EarthSearch Communications International, Inc., a division of ECDC, is a US-based company whose flagship product, LogiBoxx, integrates GPS and RFID at the hardware level. When combined with its proprietary Global Asset Tracking and Identification System (GATIS) middleware, LogiBoxx and GATIS become the centerpieces of a LogiBoxx Certified Solution. An unprecedented business decision-making tool, a LogiBoxx Certified Solution offers continuous visibility within the Supply Chain, Logistics, and Asset Management and Control industries. EarthSearch maintains operational facilities located in the United States, Canada and Brazil. Its expertise with GPS and RFID technologies, combined with exceptional support and service facilities, distinguishes EarthSearch as a leading manufacturer and supplier of real-time location solutions in the marketplace.

"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 Information

  • Editorial Contacts
    Michelle Robinson
    East Coast Diversified Corporation and
    EarthSearch Communications International, Inc.
    +1 770-953-4184