$ECDC: From January 1, 2015 through April 14, 2015, the Company received $265,500 of advances from Health Information Systems Fund, LLC, which bear no interest and are due on demand.
$ECDC Many positive Developments from 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.
