News for 'ECDC' - (ECDC Acquires Rogue Paper) Oct 27, 2011 (Close-Up Media via COMTEX) -- East Coast Diversified Corp., through its subsidiary EarthSearch Communications, announced the execution of a definitive agreement and the acquisition of mobile application development company Rogue Paper. East Coast Diversified said it executed a definitive agreement concluding its acquisition of California based Rogue Paper, a developer of media mobile and branded applications for major media companies. The company will file terms of the definitive agreement in an 8K filing with the SEC. "This was a significant and critical acquisition for East Coast Diversified and its shareholders," said Kayode Aladesuyi, CEO of ECDC. "It represents a major shift in our business strategy, it brings in needed diversification to our product and business portfolio, creates access to a social media platform that will allow us to introduce our RFID solutions to the market in unique and exciting ways, more importantly we are adding depth and experience to our management team." "EarthSearch shares our commitment to innovation and long-term vision of the convergence of mobile, social, and location technology. We are thrilled to be joining forces and expanding our reach to new users, audiences, and markets. It's a truly exciting time," said Stephanie Boyle, President of Rogue Paper. According to a release, in other news East Coast Diversified announced the addition of Robert Bohorad as Director of Sales and Business Development. Bohorad was Chief Operation Officer for Keystone Business Group and brings more than 17 years of experience in business development and sales management to East Coast Diversified. "I am quite pleased with where we are with our business and look forward to working with both Stephanie and Robert," said Kayode Aladesuyi, CEO of ECDC. Based in California's 'Silicon Valley', Rogue Paper is a developer of TV Tune-In Application. The Company noted that TV Tune-In, developed by Rogue Paper, is a real-time, companion viewing and mobile app development platform for media companies to help drive viewership, conversation and interactions for television shows and content. TV Tune-In's CMS allows media companies to develop branded iPhone and iPad apps for television shows and channels. EarthSearch Communications, an ECDC Company, is a US-based business whose flagship product, LogiBoxx, integrates GPS and RFID at the hardware level. More information: http://www.earthsearch.us http://www.tvtunein.com http://www.roguepaper.com ((Comments on this story may be sent to newsdesk@closeupmedia.com)) Copyright Close-Up Media, Inc. 2011. All Rights reserved -0- INDUSTRY KEYWORD: Entertainment_Close-up Source: Comtex Wall Street News
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