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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV