StudentConnect Inc., a wholly owned subsidiary of East Coast Diversified Corporation (OTCQB: ECDC), today announced that it has granted exclusive territorial licensing rights and the marketing of StudentConnect technologies to Smart1st LLC, a Lebanon based technology company.
"This is StudentConnect's first entrance into the international market. We hope to introduce the technology to several other countries where the safety of students riding on school buses is critical," said Kayode Aladesuyi, ECDC Chairman/CEO.
"Living in a country where student's safety on school buses is becoming of utmost importance due to the political situation, Smart1st is proud to partner with StudentConnect to bring student transportation safety to the Lebanese schools. We strongly believe the technology which is now being widely deployed in the US schools will have a warm welcoming from both the parents and school administrators across the region. We look forward to a successful partnership," said Llila Kasparian, CEO, Smart1st LLC.
About East Coast Diversified Corporation (OTCQB: ECDC) -- 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.
For more information on East Coast Diversified and its group of companies, please visit: www.eastcoastdiversified.com or www.studentconnect.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.
Media Relations:
East Coast Diversified Corporation
770-953-4184
866-503-9316
investorsrelation@eastcoastdiversified.com
Associated Documentation:
Link to submission on http://www.eteligis.com
ECDC_3-17-2014_ELS_ELT.docx
To unsubscribe from any future mailings, please visit: http://www.eteligis.com/MassMailUnsubscribe.aspx
Copyright eTeligis Inc. 2014. All rights reserved.
0 comments:
Post a Comment