East Coast Diversified Corp (fka ECDC)

[Milesblue42]

Flaflyersfan, ECDC 2012 Outlook and Financial Position

2012 Outlook and Financial PositionECDC continue to enjoy stable financial operation in 2012. As the various operations continue to grow revenue, dependence on outside or new funding will diminish. The Company has increased revenue on a quarter to quarter comparison with prior years and expects to see revenue growth at an increasing rate through the end of 2012.

Our 2nd Quarter report will reflect significant revenue growth over same periods for 2011 and for the first 6 months on a year to year comparison.

ECDC successfully reduced debt under a financing transaction with Ironridge Global while adding almost $500k in inventory to balance sheet as part the financial transaction. This will secure the launching of the StudentConnect division and expand sales activities for EarthSearch. In addition, "We negotiated additional equity funding to help us secure all of our development and commercial activities. This provides us the cushion we need to calmly approach the execution of our business plan," said Kayode Aladesuyi ECDC, CEO.

We continue to incur R&D costs for the WetWinds division as well as continuing cost of integrating our technology platforms with other legacy systems.

The aggregation of revenue from all of company's subsidiaries will lead to significant increase in revenue and cash flow. ECDC has streamlined cost of operation, with shared administrative resources, such as accounting, legal services, personnel and other services; the Company will see an overall decrease in operating expense as a percentage of revenue in the next year with significant increases in revenue.

"Our revenue strategy is more focused and diversified. Licensing, data mining and advertisement driven business models will help propel our financial success beyond all prior years. It is my belief that our operation has matured and the addition of these key executives will result in significant growth and revenue successes in the next several quarters," continues Kayode Aladesuyi.