EarthSearch Announces Sharp Increase in First Quarter Revenues

ATLANTA, May 9, 2011 /PRNewswire/ -- East Coast Diversified Corporation (OTC.BB:ECDC), through its subsidiary EarthSearch Communications, Inc., said it will file its financial results for the first quarter of 2011 tomorrow, May 10, 2011.

For the first quarter ending March 31, 2011, the Company will report total revenues of $164,078, or an increased 120% over 2010 fourth quarter results. Revenues for the first quarter of 2011, which also outpaced all of fiscal year 2010 results, were based on positive results on our portfolio roll-out.

First Quarter Performance

For the first three months of 2011, the Company experienced a sharp increase in new purchase orders, and revenues, as our conversion into the commercial phase of our plan was implemented. We completed our product development in the first quarter of 2010 and began commercial beta tests in the summer of 2010. We officially launched our new business and product portfolio in the 4th quarter, which accounted for 60% of 2010 total revenues.

On a quarter over quarter basis, the Company increased its revenues 120% as our portfolio roll-out ramped up in the first quarter of 2011. During the first quarter, the Company also expanded its global distribution and partnership network to more than 15 distribution partners in 5 geographic regions (Southeast, Asia, Africa, South and North America), and has expanded its product portfolio to the area of pipeline monitoring systems.

Second Quarter Outlook

The Company is currently engaged in numerous pilot projects with several organizations, and we have also expanded our product offering into military logistics and oil pipeline safety and security. For the second quarter, the Company is projected to generate revenues in the range of $200,000 to $350,000. "In the first quarter our partner network became more confident in the product and technology and we are seeing increases in the size and frequency of orders coming in," said Amanda Greene, Partner Support Executive for ECDC.

Ecommerce Platform

During the second quarter the Company rolled out its new ecommerce platform in early May, which was only active for several days and has already outperformed company expectations by generating new business and leads. http://shop.earthsearch.us

As larger follow-on purchase orders are executed, the Company is projecting total revenues for fiscal year ending Dec. 31, 2011 to be in the range of $1.2 to $2 million, which would mark a dramatic increase over our 2010 operating results.

Kayode Aladesuyi, the Chairman and CEO of ECDC, commented, "The first quarter of 2011 has been very positive proof of the turnaround we expected for our business after the change we made to redesign our product portfolio and restructure the company over the last 2 years. The market's response to our technology validates management's decision, and this result represents a significant change for our business."

To learn more visit: http://shop.earthsearch.us or www.earthsearch.us/shop

About EarthSearch Communications

EarthSearch Communications, an ECDC Company (OTC.BB:ECDC - News), is a US-based business whose flagship product, LogiBoxx(TM), 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. Along with its integrated, patent-pending GPS and RFID technologies, EarthSearch also offers a complete line of innovative RFID solutions. 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. For more information on EarthSearch, visit www.earthsearch.us.

"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.

Editorial Contacts

Glenn Davis
EarthSearch Communications, an ECDC Company
+1 770-953-4184
+866-503-9316
[email protected]

SOURCE East Coast Diversified Corporation