ATLANTA, Dec. 20, 2012 /PRNewswire/ -- The following statement is by Kayode Aladesuyi, Chairman/CEO of East Coast Diversified Corp.
In our first year as a development stage company we have made important strides in creating an entirely new way to interact in the online social media space and, in so doing, have been successful in moving closer to realizing the monetization of Vir2o.
For the past 12 months, we have been hard at work developing a platform that has never before existed in the social networking arena. It has been an exciting experience and, at times, a trying one.
While we are very proud of the innovation we are bringing to social media, we have decided to extend our internal testing through the end of the year; as we begin site migration for beta launch.
It is often the case when developing new technology that there are minor setbacks and subsequent delays in launch. Vir2o has been a huge undertaking. I know the disappointment you must feel about the delay but you can be rest assured we are working diligently to roll out the site to beta users as soon as possible.
I want to personally assure you that we will launch beta to all registered beta testers and our social media friends and followers as soon as testing is completed. We will send details on how to log in for exclusive early access at that time.
While this not unusual in the technology space, we sincerely appreciate everyone's patience and will not be detoured from working to ensure a successful launch.
East Coast Diversified Corp. (OTCBB: ECDC)
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.
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East Coast Diversified Corporation
SOURCE East Coast Diversified Corp.