MARIETTA, GA--(Marketwired - Jun 11, 2014) - StudentConnect Inc., a wholly owned subsidiary of East Coast Diversified Corporation (OTC Pink: ECDC) (
"This is StudentConnect first purchase order received from international market; after 3 months of successful testing. ECDC granted exclusive master licensing rights to Smart1st LLC in March 2014. Unlike in the US, where the product is delivered to schools at no cost, international markets have to purchase the product, pay ongoing software support and advertisement revenue is shared.
"Seems the global market is very receptive to the product we have developed and the growth is obviously becoming organic. This is the beginning of our expansion into international markets and the continuing successes we are experiencing with StudentConnect," said Kayode Aladesuyi, CEO ECDC.
About East Coast Diversified Corporation (ECDC.PK) - ECDC is a holding corporation with a diversified group of technology companies. Its business portfolio includes companies offering technology for logistics and asset management, school transportation safety and social media applications.
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.