East Coast Diversified Corporation (ECDC) stocks climb on new shipment

Posted on: Monday, April 25th, 2011
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East Coast Diversified Corporation (OTCBB: ECDC) gained 51.5% in price Monday to five cents, after its subsidiary, EarthSearch Communications, Inc., announced that it has delivered on purchase orders from its Tanzania partner for additional oil tanker monitoring solution. Volume for the stock Monday was 3.2 million shares, trampling over a daily average of less than 140,000.

According to East Coast CEO Kayode Aladesuyi, “The purchase order more than any, validates that the solution is making a difference to… customers’ business operation and that we are delivering desired application to our partners and customers.”

Chris Ward, Hardware Manager for East Coast Diversified also noted,“The EarthSearch LogiBoxx RF communicates wirelessly with the RFSeal (RFID Seal) device which is used to secure the Spicket on oil tankers travelling the highways. The LogiBoxx can be programmed to recognize destinations of the oil on the tanker contents, the LogiBoxx RF GPS system will therefore communicate wirelessly with the RFSeal lock on the Spicket each time the RFSeal is unlocked, using Google API to recognize, the location, compare the data to designated destination on the manifest and generate alerts if any anomalies are recognized.”

EarthSearch Communications, an ECDC Company, is a U.S.-based business whose flagship product, LogiBoxx, integrates GPS and RFID at the hardware level. The parent company is headquartered in Atlanta.

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Category: OTCBB, Penny Stocks, Technology Stocks
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