This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

EarthSearch Executes $1 Million Master Distributor Agreement With Asonics Live Interlink LTD Kenya

Stock quotes in this article: ECDC

ATLANTA, March 8, 2012 /PRNewswire/ -- East Coast Diversified Corporation (OTC.BB: ECDC - News), through its subsidiary EarthSearch Communications, Inc., announces the execution of Master Distributor agreement with Asonics Live Interlink Kenya for $350,000 in equipment and services purchased each year under the three year licensing agreement.

The agreement would allow Asonics to be our exclusive representative in Kenya. Other partners in the market will now source products and support locally from Asonics which will be able to secure its own local distributors and partners to offer a variety of logistics solution provided by EarthSearch. EarthSearch technology provides complex logistics solution through its LogiBoxx device, the GATIS platform for monitoring fixed assets and cargo in transit. Solutions provided by EarthSearch includes Oil Tanker monitoring, Workforce management, Tool tracking, Electronic locks for cargo, Warehouse management and access control solutions using EarthSearch proprietary wireless communication between GPS and RFID.

"We have been working to establish strong presence in this region for some time now. It is a vibrant and fast growing market with significant need for cargo and asset security using advanced logistics application. I am looking forward to working with Thaddeus, Joyce and Jeff and all the other executives at Asonics," said Kayode Aladesuyi, CEO of ECDC

Asonics has been testing and piloting the EarthSearch LogiBoxx device and RFID solutions over the last several months and recently committed to become a master distributor with minimum annual commitment allocated for the Kenya market. Asonics will also be able to sell on a non exclusive basis to other markets in the region.

"There is a significant need for EarthSearch technology and the solutions it provides in our country as well as in other markets in the region, the movement of cargo between countries in east Africa is now more vital than ever before. The recent launching of the Lamu port by Kenyan government which will link it with Ethiopia and Sudan in the effort to harness trade among African countries is a testament to the need for this solution," said Mr Thaddeus Mailumunguti, CEO Asonics Live Interlink.

About East Coast Diversified Corporation

East Coast Diversified Corporation (OTC.BB: ECDC.OB) is a holding corporation with a diversified group of technology companies. Its business portfolio includes businesses offering technology for logistics and asset management, media entertainment technology, transportation safety and class attendance monitoring system and social media applications.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs