>> NEWS GOODIES <<

[Penny Roger$]

NEarthSearch Announces Sharp Increase in First Quarter Revenues

May 9, 2011 3:41 PM ET



Revenues Increase 120% from Q4 2010 Results

ATLANTA, May 9, 2011 /PRNewswire/ -- East Coast Diversified Corporation (OTC.BB:ECDC), through its subsidiary EarthSearch Communications, Inc., said it will file its financial results for the first quarter of 2011 tomorrow, May 10, 2011.

For the first quarter ending March 31, 2011, the Company will report total revenues of $164,078, or an increased 120% over 2010 fourth quarter results. Revenues for the first quarter of 2011, which also outpaced all of fiscal year 2010 results, were based on positive results on our portfolio roll-out.

First Quarter Performance

For the first three months of 2011, the Company experienced a sharp increase in new purchase orders, and revenues, as our conversion into the commercial phase of our plan was implemented. We completed our product development in the first quarter of 2010 and began commercial beta tests in the summer of 2010. We officially launched our new business and product portfolio in the 4th quarter, which accounted for 60% of 2010 total revenues.


http://money.msn.com/business-news/article.aspx?feed=PR&date=20110509&id=13595169