EAST COAST DIVERSIFIED (ECDC) Plans to Enter into Social Media
East Coast Diversified Corporation (OTC: ECDC), an Atlanta based company, is planning to enter into the social media space. The company is planning to launch WetWinds, a social media site, which will introduce an innovative and disruptive live and interactive social application that will redefine virtual socialization in the summer of 2012. The company acquired the social media site “aNOTEfor”, which will be modified and re-branded to launch as WetWinds this summer.
East Coast Diversified Corp. is a diversified group of companies, which offers services and technologies to the education, entertainment and media industries.
At present, the stock is trading 102.63% higher at $0.0155 with market capitalization of $1.83 million. ECDC’s 52-week high is $2.25 and 52-week low is $0.01. In its annual report, the company announced that due to the effects of the economy, the company has experienced a decline in its revenue of 12.2%. For the year ended December 31, 2010, the company reported revenue of $129,248 with net losses of $2,496,892.
The company has shown a jump of 1,429% in revenue for the three-months ended June 30, 2011. The company’s revenue was $206,014 for the three-months Ended June 30, 2011 compared to $13,471 for the same period in 2010.
The company added key personnel in order to support growth of the company in 2011/2012.
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Posted by Andrea Anderson
on Friday, February 17th, 2012. Filed under Internet, Technology.
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