EC Dev

June 22, 2011 11:26 ET

EC Development, Inc. and Paradise Redemption, LLC Sign Distribution Agreement for Tahoe Sweepstakes System

Company Expands Technology & Service Offerings to U.S. and Puerto Rico Markets

SHAWNEE, OK--(Marketwire - Jun 22, 2011) - EC Development, Inc. (PINKSHEETS: ECDI) announced today that it has entered into a supply and distribution agreement with Paradise Redemption, LLC. As part of the agreement, Paradise Redemption will sell and support the EC Development Tahoe Sweepstakes Management System. The company anticipates over 5,000 games with revenues in excess of $5MM over the duration of the five year agreement.

"We are excited to announce the agreement with Paradise Redemption," said Gene Estep, CEO of EC Development. He continued, "This agreement represents a fantastic commercial opportunity for EC Development and we are confident that this will bring us valuable new business in the gaming industry."

The Tahoe Sweepstakes Management System technology, which is part of EC Development's flagship Tahoe CMS (Casino Management System) technology, brings speed and efficiency to casino sweepstakes management by connecting multiple sweepstakes vendors to one central database and point of sale. The system allows for central reporting of machine and player revenue as well as player management.

"The Tahoe Sweepstakes Management System technology is exactly the kind of product Paradise Redemption is looking for to meet our customers' demands for new and innovative casino management products," said Jon Goldstein, General Partner of Paradise Redemption. He furthered, "We're committed to offering products and services to our customers that will provide them with the best opportunities for success in a competitive marketplace, and we believe EC Development's technology solutions will perfectly complement our current offerings."

About EC Development, Inc.

EC Development, Inc. (ECDI), founded in 2005, designs, develops and markets software for the U.S. and international gaming and casino markets. The software monitors, audits, analyzes and manages all financial transactions and customer activities for casinos and other gaming related environments.

Its flagship technology, the Tahoe CMS (Casino Management System) is a complete class 2 and class 3 game accounting system and offers customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely negating the need to have disparate systems while also enabling the use of some truly cutting edge marketing tools.

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About Paradise Redemption, LLC

Paradise Redemption, LLC is a private company located in Pompano Beach, FL that offers gaming products, technology services and peripherals to the gaming industry.

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