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$ECDC Read the financial reports and get clear idea about how ECDC has made it to increase revenue and decrease debt. o.ooo1 is way too undervalued. Any upcoming good news will shoot it to penny land very soon. Don't get stuck in the past. Wake up and smell the coffee! GL!
$ECDC Good news is it is in the works. It is good that Kayode takes a step back & give other people chance to prove their ability. GL!
$ECDC Many great improvements from latest 10K
1) ECDC have presented employment agreement to C. Dean Alford to take on the position of CEO of StudentConnect so Mr. Aladesuyi current Chairman and CEO can put more focused on making EarthSearch and Vir2o.
2) ECDC have executed 5 year agreement with 15 school districts with approximately 40,000 bus riders. In addition they are actively engaged in pilots with several school districts. Once fully deployed these would form the foundation for revenue from their StudentConnect operation.
3) ECDC are paid 40% of service fees collected from each participating student per month and 60% of advertising revenue generated on messages sent to parents.
4) In April 2015, ECDC launched a new web site for the promotion of Halo2. www.gatis-lowcostgps.com
5)The Company plans to register multiple trademarks with the USPTO. They are LogiBoxx, GATIS, TrailerSeal, RFSeal, MobileMANAGER, and has filed registration for Vir2o as well. At this time, the trademark applications are pending through the comment process with the USPTO.
6) More than 70% of ECDC's current partners and distributors are former competitors to ECDC's GPS offering and now offer ECDC's integrated GPS/RFID solution to their customers.
7) ECDC hope to launch the newly redesigned platform for Vir2o by end of the third quarter of 2015.
$ECDC Qtr to qtr improvement regardless of how they earn revenue.
Increase in rev and decreasing debt.
$ECDC Soon when this goes up, everyone will think how could it go so high in such a short period of time!
$ECDC Need to have patience with this one. New contracts will be announced soon. GLTA!
$ECDC we appreciate your patience over the last 4 years. We hope you will join us as we embark on the commercial phase of our business and begin to introduce our brands to the market.
$ECDC Kay seems to trying to sell this RFID tech to Foreign nations & it is a good move.
$ECDC Like it or not. it will go up sooner than many think. Get in while you can.
LOl! Stay far far away from this. Garbage Truck! Stinking to 7th Sky.
$ECDC gonna shoot up soon. Live long & prosper. GL!
$ECDC You get out or add more. 2 cents minimum if news is true. GLTA!
$ECDC Could be more if news is true.
$ECDC I think it could be more. GL!
$ECDC selling RFID technology to Australian government to be used in 2 Sidney school districts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113064916
https://twitter.com/search?q=%24ECDC&src=ctag
If True, hope to hear more about it soon. GLTA!
$ECDC Yes and hopefully there will be good news soon. GLTA!
$ECDC Problem is Kayode has already taken 5 years time from its investors.
In Kayode's own concluding words last year (early 2014) "We appreciate your patience over the last 4 years. We hope you will join us as we embark on the commercial phase of our business and begin to introduce our brands to the market."
http://www.eastcoastdiversified.com/ceo-letter-1.html
Those 5 years are over now. If it takes another 5 more years to make StudentConnect work, by the time it will be in the market for implementation, the technology will be most likely old and outdated. Time is essence here, especially for technology oriented products. If you are a start up company only way to survive is come up with some idea which is unique and get in the race ahead of others otherwise get ready to call yourself Obsolete. Hard Truth!
Time is Money and vice versa. First I have to see if Kayode is gonna renew the license or not. It will be a major indicator of the company's promises or Bull craps. GLTA!
$ECDC As per statement in 10K by Kayode Everything from his side is ready to go but StudentConnect delay is due to "bureaucracy and delays" in assigning ID badges to students by Schools districts.
Read below.....
We launched the StudentConnect mobile app, which is now available in Android and Apple stores. We implemented advertising platform form AdMedia and Admob by google. We experienced significant delay in deployment strictly die to bureaucracy and delays in assigning ID badges to students by Schools districts. We have executed 5 year agreement with 15 school districts with approximately 40,000 bus riders. In addition we are actively engaged in pilots with several school districts. Once fully deployed these would form the foundation for revenue from our StudentConnect operation.
Last year in his letter to investors Kayode kind of indicated in year 2015 ECDC gonna be one of the fastest small scale startup company. It is hard to believe if he is asking more time to implement it. He is overdue to deliver his promises to investors. If he is asking another 5 years to show result, I call it Bull Sh!t.
Time is NOW to Make or Break!
$ECDC Welcoming New Schools to the Bus Pass Program:
Valdosta City Schools, Georgia – Starts Pilot
Morehouse Parish School System, Louisiana – Joined
Morgan Hill Unified School District, California - Joined
many more soon. GLTA!
$ECDC will be profitable soon. GLTA!
$ECDC has beautifully positioned itself for massive gains. Matter of time. GLTA!
$ECDC I liked the fact that revenue is increasing steadily. It is a good sign for student connect. It is likely that ECDC will announce a new contract soon. Hiring a new guy Mr. C. Alford can not be without any reasons. GLTA!
$ECDC WE need news at this point. ECDC Products are better than many other OTC stocks. Time will tell. GLTA!
$ECDC I still have to find one CEO who don't get paid. GLTA!
$ECDC Increasing revenue to $404,455 compared to $180,271 is really interesting. It is good progress to begin with. GLTA!
$ECDC BX3, 10K is better than previous ones in few ways. Still I think many more clarity is needed especially with respect to Licence renewal, DTC chill etc. Need the business update in a PR to shoot the PPS upwards. GLTA!
$ECDC Tonyo, Thanks for sharing the info. I think Kayode might find a loop-hole to keep business active if he thinks studentconnect going to generate revenues.He wouldn't have thought of initiating a possible hiring of Mr.C.Dean Alford otherwise.
The possible late fee/penalty is in below link:
http://nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=T%252fWqZKo7woEycAVd7fW08w%253d%253d
Hey RetiredAT20, Is there a possible visit to ECDC office in near future? $ECDC GL!
$ECDC So they can have expired license in USA and in Dubai they can get a new license for the country UAE & other countries and make business? I am not sure how that works but I am Ok if anything shoots this PPS higher with or without Kayode. GLTA!
$ECDC I am fine with any business as long as stock trade in penny range How about takeover of this company by some another firm and Kaye gets ousted? I would like that too. Lol! GLTA!
$ECDC Kaye needs to give us a busiess update with a letter like last year. It is time now.
$ECDC It must be working based on last year's news:
MARCH 2014 - In GEORGIA STATE NEWS PAPER Student tracking device deemed success - http://www.northwestgeorgianews.com/calhoun_times/news/local/student-tracking-device-deemed-success/article_a32da1ae-af6d-11e3-9232-001a4bcf6878.html
DD-ECDC's-Student-Connect on KATV NEWS-News Anchor Discusses Student Connect-Interviews Parents-WATCH NEWS VIDEO
http://www.katv.com/story/24522906/benton-school-district-installs-parent-notifications-on-busses
DD-SOUTH CAROLINA-TV STATION-NEWS-SEGMENT-on-(ECDC)-StudentConnect-WATCH NEWS VIDEO-BELOW
http://statescoop.com/south-carolina-get-school-bus-monitoring-technology/
FEBRUARY 2014 'Commercial' Deployment begins in 5 states - http://www.eastcoastdiversified.com/ceo-letter-1.html "StudentConnect began commercial deployment in 1st quarter 2014. In February, 2014 we deployed StudentConnect on school buses in school districts in Georgia, Arkansas, Kentucky, California, and South Carolina with other schools in Texas, Florida and North Carolina engaging us to implement systems on their school buses."
$ECDC Where is C. Dean Alford currently employed? Kaye needs to update on that.
$ECDC Good news is it is in the works. It is good that kayode takes a step back & give other people chance to prove their ability. GL!
$ECDC 10K EarthSearch Development:
We modified our business model and pricing strategy by offering the devices to businesses at no cost but with a one-time activation fee of $55.00 and an increased monthly cost to $19.99 from $14.99 per month. This would allow us to capture the interest of small businesses and an activation fee that will provide us with a 35% margin on hardware and a 25% increase on annual service fee. As of February 2015, we had shipped initial 600 samples of Halo2 to our distributing partners globally
In April 2015, we launched a new web site for the promotion of Halo2. www.gatis-lowcostgps.com
$ECDC 10K on Vir2O
We hope to launch the newly redesigned platform by end of the third quarter of 2015. Based on the growth we experienced in 2013 we are firmly convinced the social media audience is searching for a new experience and the opportunity to be successful in the industry remains very high.
$ECDC 10K on StudentConnect:
We have executed 5 year agreement with 15 school districts with approximately 40,000 bus riders. In addition we are actively engaged in pilots with several school districts. Once fully deployed these would form the foundation for revenue from our StudentConnect operation.
We have presented an employment agreement to C. Dean Alford to take on the position of CEO of StudentConnect. This would allow Mr. Aladesuyi our current Chairman and CEO to put more focus on making EarthSearch and Vir2o so we can take better advantage of opportunities in the markets represented respectively.
We formed an international division of StudentConnect and have executed licensing agreement with Smart1st in Lebanon, Location Solution Telematics in Dubai, DCGroup in Saudi Arabia and Halogen Security in Nigeria. We shipped 100 bus units to Lebanon and 25 bus units to Dubai and Saudi Arabia respectively for their initial pilots.
Distributors purchase product/devices, and share service and advertising revenue with us. We are paid 40% of service fees collected from each participating student per month and 60% of advertising revenue generated on messages sent to parents.
FFF, License is not renewed. But Website is updated to the latest info. $ECDC
$ECDC The capital value is computed by estimating the current market value of everything owned by the company from which the total of all liabilities is subtracted. On the balance sheet of the company, equity capital value is listed as stockholders' equity or owners' equity.
So I would like to know how Kayode was able to get this $25 million as Capital Value. Very interesting indeed. $ECDC
$ECDC Good points tonyo. Thanks for sharing.