East Coast Diversified Corporation Announces the First Delivery of EarthSearch's GPS and RFID Tracking and Security Products to Komtelekom
ATLANTA, Jan. 9, 2012 /PRNewswire/ -- East Coast Diversified Corporation (OTCBB: ECDC) today announced the first delivery of EarthSearch Communications wireless communications products to Komtelekom, a leader in the development and implementation of solutions based on mobile and fixated connections across Russia. The two Companies are also in negotiations to establish a multi-year Master License agreement to implement EarthSearch's cutting-edge Global Positioning Satellite (GPS) and Radio Frequency Identification (RFID) technology in transport vehicles across Russia.
"Our companion GPS and RFID technology is the most efficient way to monitor and ensure safe transport of goods from point-to-point. This deal with Komtelekom is one of a series of agreements we plan to make to increase EarthSearch's global footprint," said Kayode Aladesuyi, CEO of ECDC. "As we implement and expand the scale of the technology across Komtelekom's network, we anticipate the growth of a long-term and mutually beneficially relationship."
EarthSearch's proprietary wireless communication system between GPS in the truck cabin and RFID readers on product allows for safe and timely transport of goods. The integrated system provides real-time data about the state of the cargo and the truck, including monitoring pickup and drop-off times, verifying accuracy of shipments and alerting Companies as to whether trucks or cargo have been tampered with or stolen.
Komtelekom's immediate purchase of pilot products from EarthSearch occurs while discussion is ongoing for the Master License agreement to deploy the proprietary technology across the Russian Federation.
About East Coast Diversified Corporation
EarthSearch Solutions and technologies are touching lives by changing the way businesses and governments operate or manage assets and security. East Coast Diversified Corporation (OTCBB: ECDC) connects owners and their asset in ways unimaginable just a few years ago. The Company challenges the imagination for desired solutions using GPS, RFID and other sensor technologies. The Company delivers solutions relevant to operations of businesses and governments. East Coast Diversified delivers innovative technology powered by alternative energy sources. The Company believes in and is contributing to the green evolution.
East Coast Diversified's technology provides continuous visibility of assets and cargo in transit, provides the visibility of thousands of kilometers of oil pipeline and other fixed assets, creates education resources for parents and teachers, provides efficiency in dispatching first responders in an emergency, and advances democracy though our ballot box monitoring technology. For more than half a decade now the Company has focused on and continues to innovate in the areas of RFID, GPS, and Sensor and Biometric technologies. East Coast Diversified's customers and partners globally are responding to the Company's innovation and is delivering practical solutions to solve their everyday business issues. For more information on East Coast Diversified Corporation, 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.
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