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ECDI SEC Suspension for delinquent Financials / filings:
http://www.sec.gov/litigation/suspensions/2015/34-74324.pdf
Order:
http://www.sec.gov/litigation/suspensions/2015/34-74324-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-74325.pdf
My industry contacts are over two years out of date.
My best guess is that the industry consolidations that have been going on are going to squeeze small back office accounting providers like ECDI out of business. Larger companies such as VGT, IGT, BYI, SHFL, MGAM and WMS have either been taken over or are about to be taken over.
GLTA
Bob
Hey Bob...
So is it your assumption that this company is done?
who promoted it?
ECDI promotion starting today.
Float: 652,220 (a/o February 18, 2011)
O/S: 28,755,451 (a/o November 12, 2012)
A/S: 100,000,000 (a/o September 30, 2011)
http://www.otcdynamics.com/$ecdi-ec-development-inc-promotional-campaign-starting-oct-1-2014-831-am-cst/
Good luck
Never seen a guy pump a stock so bad...GL
ECDI - EC Development, Inc. Develops Bingo-Based Central Determinate Gaming Engine for Use in Class II Gaming Devices
News Link
GLTA
Bob
ECDI - EC Development, Inc. Develops Customized Casino Software Management Solutions Interface to Link to Banca’s in Dominican Rep
News Link
GLTA
Bob
ECDI - Two press releases back to back is unusual for ECDI.
GLTA
Bob
What's going on here? Two press releases in two days. Has that ever happened before?
I'm a ECDI fan... so I'm thinking this is a good thing. :)
ECDI - EC Development, Inc. and Horizon Strategy Partners, Inc. Sign Channel Partner Agreement for the Deployment of Casino CMS Solu...
News Link
GLTA
Bob
ECDI - EC Development, Inc. Releases Next Generation Tahoe Interactive Player System (TIPS)
News Link
GLTA
Bob
Thanks for posting... I hadn't seen this... and I've been following ECDI since the reverse merger.
Sounds good. We should see some financials this coming Wednesday.... 45 days after end of 2nd quarter. Hoping it shows increased revenues from formerly announced contracts.
ECDI - EC Development, Inc. Announces Release of New Triton Cruise(TM) Casino Management System
News Link
GLTA
Bob
ECDI - EC Development, Inc. Completes Installation of Oasis Gaming Center
News Link
I like how ECDI has been steadily adding customers.
GLTA
Bob
ECDI - EC Development, Inc. Signs Agreement to Supply Tahoe Casino Management System to Oasis Gaming Center
News Link
GLTA
Bob
Saw that news release when it came out. Sounds good. More contracts is any software company's lifeblood. Growing revenue is good.
ECDI - EC Development, Inc. Signs Agreement to Supply Tahoe Casino Management System & Technologies to Three Feathers Casino
News Link
GLTA
Bob
Well... that wasn't very timely. But I'm glad to see the new release. :)
Thanks John.
ECDI - EC Development, Inc. Announces Registration of Its Common Stock Deemed Effective by SEC
News Link
GLTA
Bob
Sounds good. It sure looks like ECDI's future is looking bright. Have you read the most recent Form 10? Contracts on the books for next couple years look good... plus I would expect additional contracts to be added to the mix as time goes on.
PLus it also seems to me that this whole sector should be fairly well insulated from economic up and down turns.
But who knows.
Best.
Thanks Randy,
I will send you some more information on ECDI this evening.
GLTA
Bob
BTW if I understand the 8-K filed yesterday, we have now or will shortly become a Bulletin Board stock... which means we're fully reporting.
Hey Bob...
Thanks for updating this board and for the links you provided. I've been a long time follower of ENUI... now ECDI and am quite excited at the prospects.
Best.
Randy
ECDI - Casinofest Video from casinoenterprisemanagement.com:
Video Link
GLTA
Bob
ECDI - EC Development Reports 3Q
Close-Up Media via Comtex
EC Development, a provider of software for the U.S. and international gaming and casino markets, announced that it closed the third quarter of 2011 with multiple signed contracts for its Tahoe Casino Management systems.
In a release dated Dec. 6, the Company said combined with earlier 2011 sales, EC Development's most recent contracts in Europe and South America push the Company's contract revenues in excess of $14MM over the next 36 months.
Gene Estep, EC Development CEO, said, "We continue to see strong demand for our Tahoe Casino Management System technology. With numerous installations under our belt including several international deployments this year, this is a significant milestone for EC Development. We think that we have just scratched the surface in terms of sales, and we look forward to updating our shareholders as we move forward."
EC Development's flagship Tahoe Casino Management System technology, brings speed and efficiency to casino gaming by providing a packaged, computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, eliminating disparate systems while enabling the use of marketing tools.
The expanded product suite also includes the Tahoe Interactive Player System, which boasts a fully customizable player interface to create a personalized experience for each casino customer.
With TIPS, each player not only has real-time access to their player rewards and progress, but can opt in to any number of real-time events such as raffles, tournaments, drawings, etc. Players can even request drinks and service through the system, further adding to their experience and enjoyment.
EC Development designs, developments and markets software for the gaming and casino markets.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
IBOX update - I have removed out of date information and replaced with current information from the company website.
GLTA
Bob
ECDI - News from Marketwire via Comtex
EC Development, Inc. Closes Multiple Contracts Totaling More Than $14 Million
EC Development, Inc. (PINKSHEETS: ECDI), a leading provider of software for the U.S. and international gaming and casino markets, announced that it closed the third quarter of 2011 with multiple signed contracts for its Tahoe Casino Management (CMS) systems. Combined with earlier 2011 sales, EC Development's most recent contracts in Europe and South America push the Company's contract revenues in excess of $14MM over the next 36 months.
EC Development's flagship Tahoe CMS (Casino Management System) technology, brings speed and efficiency to casino gaming by providing customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely eliminating disparate systems while enabling the use of some truly cutting edge marketing tools. The expanded product suite also includes the Tahoe Interactive Player System (TIPS), which boasts a fully customizable player interface to create a personalized experience for each casino customer. With TIPS, each player not only has real-time access to their player rewards and progress, but can opt in to any number of real-time events such as raffles, tournaments, drawings, etc. Players can even request drinks and service through the system, further adding to their experience and enjoyment.
Gene Estep, EC Development CEO, commented: "We continue to see strong demand for our Tahoe CMS (Casino Management System) technology. With numerous installations under our belt including several international deployments this year, this is a significant milestone for EC Development. We think that we have just scratched the surface in terms of sales, and we look forward to updating our shareholders as we move forward."
About EC Development, Inc.
EC Development, Inc. (ECDI), founded in 2005, designs, developments and markets software for the U.S. and international gaming and casino markets. The software monitors, audits, analyzes and manages all financial transactions and customer activities for casinos and other gaming related environments.
Its flagship technology, the Tahoe CMS (Casino Management System) is a complete class 2 and class 3 game accounting system and offers customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely negating the need to have disparate systems while also enabling the use of some truly cutting edge marketing tools.
For more information on the company, please visit www.ecdevonline.com.
Forward-Looking Statements
Statements in this release, other than statements of historical fact, constitute "forward-looking statements" which include opinions and assumptions regarding risks and uncertainties. Actual results may differ materially from those expressed in these forward-looking statements due to factors such as: the effect of economic conditions locally and globally; access to capital; future sales and cash flows; changes in government and customer priorities and requirements (including changes in customer short-range and long-range plans); and other risk factors and uncertainties, some of which we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business. Any such risks or uncertainties could cause our results to differ materially from those expressed in these forward-looking statements.
Media Contact:
EC Development, Inc.
Grr... someone just sold 6000 shares... and I wasn't on the bid. I would have loved to catch those shares.
So... I'm now the bid at .10... come on market maker, take your hundred bucks and give me 6000 shares.
Hey... the stock traded today. Not too many shares... at $1.01.
Intriguing. Not much for a bid out there....
was .006.. Then .10. Now .12 (OK the .12 is my bid for 5000 shares. I doubt too many people even have that many shares after the 200:1 reverse.
Well, for what it's worth.... on Investors Hub there is both a bid and an ask.
Bid .006 Ask $3.50
How'as that for a spread?
http://ih.advfn.com/p.php?pid=squote&symbol=ECDI
Enucleus Name Change to EC Development
Reverse split 1 for 200 affected. Now we're waiting to hear more information about the merged company. How many shares have been issued? How much revenue and hopefully net income the new company has....
Of course it would be nice to actually see a bid/ask out there. All in good time I suppose.
We know from the bankruptcy "prospective target" company releases that EC Development had over a million in Revenue with some net income in 2009.
Not much action or information to date. I guess the wheels of progress grind slowly.
My TD Ameritrade shares are still confused as well. The 200:1 reverse split is showing up in the share price, but not in the number of shares in the account.
The only info I've seen is on Pinksheets... now OTCmarkets.com which acknowledges the reverse and the name change.
COME ON... we want more information.
P.S. it shows outstanding shares at 247K Now if they only issued 3-5 Million for the acquisition, we could have us an ultimate low floater where the stock price can be moved at will. We shall see.
RKCMO
If this issue starts trading.... as it will in the next couple days... so far no quotes or market makers... but all in good time....
Remember MM have to give 5000 shares if the share quote is below 51 cents and 2500 if between 51 and 1.00. As there's basically no shares in the public float we could see some pretty serious fluxuations if buying comes into the market.
As Enucleus came through bankruptcy the posted some of the financials of EC Development and they looked pretty good. Over a Million in revenue with net income in 2009 and they equalled the revenue and improved the net income in the first three months of 2010.
I'm anxious to learn more.
Oh... for what it's worth....
my TD Ameritrade is quoting the stock price at 20 cents...which seriously fattens my portfolio value...
BUT... doesn't yet reflect the reverse split...but did multiply the share price by 200 times. How fun it would be if it were true.
Well... it seems as though we have some progress being made. The company has affected the reverse merger and reverse split.
Just checked back on www.freecourtdockets.com for the ENUIQ bankruptcy proceedings and the plan for reorganization was signed by the judge... so it is a done deal.
The stock has seen a little action since last week...stock was bidding as high as .006, but it hasn't traded above .005.
Now I guess we wait some more... now for more information about EC Development.
They have a website.... but it's not much:
http://www.ecdevonline.com/
I'm assuming as they become a public company and start filing financials, they will probably update it with a new and improved one. We shall see.
Regards,
Randy
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EC Development, Inc. (ECDI) EC Development, Inc. was founded in early 2005 and released its very first Tahoe Casino System shortly thereafter. Over the past five years, the company has continued to expand and grow its state of the art gaming technology to provide one of the most comprehensive and cutting edge Casino Management Systems (CMS). The system has been deployed in casinos in the US and Mexico and has already proved to be reliable and technologically superior to that of its established rivals. EC Development, Inc. technology is protected through multiple patents with the US Patent office. EC Development has an experienced management team with a great understanding of gaming technology development and implementations. The management team has experience in both the public and private sectors with a proven track record. This coupled with our R&D Dept ensures ongoing innovation and evolution of the Casino Systems based on the latest and most advanced cutting edge technology available.
23 E 9th Street, Suite 229
Shawnee, Oklahoma 74801
877.296.3163
media@ecdevonline.com
Corporate Headquarters
Company Website
SEC Filings
Tahoe CMS (Casino Management System) is a complete class 2 and class 3 game accounting system as well as a customer management system. This fully featured system connects not only to class 3 slot machines but class 2 electronic gaming devices as well. While the class 3 games are standard in Las Vegas and Atlantic city, many emerging markets and tribal gaming jurisdictions are prevalently class 2. The ability to seamlessly aggregate data from and fully utilize the features from these two standards while integrating table games via the Tahoe Table Tracking system allows the casino operate to grow and change with their market while understanding and rewarding their customers. Tahoe CMS is a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows your casino to run virtually any vendor's games on one system, completely negating the need to have disparate systems while also enabling the use of some truly cutting edge marketing tools
Tahoe TITO and Cashless (TITO)
Ticket In Ticket Out systems are the norm in the primary class 3 markets the Tahoe system provides complete TITO functionality. This allows for easy integration of any gaming floor. Because of the particular needs of many emerging and boutique gaming markets EC Development created a cashless system that allows for a completely cashless gaming floor that greatly reduces cash liability and man power requirements while meeting specific jurisdictional requirements.
Tahoe Cashflow
The flow of money from the vault to the floor as well as the cashier stations and any other point of transaction is completely controlled and tracked with the Tahoe Cashflow system. This robust tool allows for peace of mind while providing complete financial reporting compliant with standardized MICs (Minimal Internal Controls) as defined by the Gaming Standards Association.
Tahoe Table Tracking
Tracking player data as well as table game statistics is integral to providing a complete view of a casino's operation and player habits. The Tahoe Table Tracking system allows for automatic player entry while still allowing the dealer and pit boss to capture the data that is critical to each individual facility. This tool allows the dealer and pit boss to accurately reward and identify the players, their habits and how to reward them.
"Class II or Class III"
WHY NOT BOTH?
You keep hearing different opinions about the "bright line" between "Class II" and "Class III".
Ask the players on the floor which class game they like better and 92% can not tell you. Quality playing games are what you need, no matter the standards. EC Development, the only Native American casino management company, has seen this first hand over the years, while providing solutions for casinos around the world. We have seen many markets that have to make a choice between class II or class III due to software solutions that will not work in a mixed class environment.
You no longer need multiple software solution.
You no longer need to lose your customer base.
You can have TITO or Cashless across classes.
You can combine promotions and facilities.
Don't be forced to choose, connecting both standards is a requirement in today's gaming environment, allow Tahoe to bridge the "bright line" between "class II" and "class III" for you.
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