RFID Stock EarthSearch (OTCBB:ECDC) Secures $10 Million Funding Commitment

ATLANTA - July 11, 2011 (Investorideas.com Newswire) - East Coast Diversified Corporation (OTC.BB:ECDC), through its subsidiary EarthSearch Communications, Inc., announced today that it has secured a ten million dollar equity line of credit with Southridge Partners II LP and plans to accelerate the execution of its business plans.

The agreement allows EarthSearch to do a draw down on the equity line on an as-need basis by issuing shares of its common stock. The Company filed a form 8K with the Securities and Exchange Commission on July 8.
"This was a significant step forward for our business," commented Kayode Aladesuyi, CEO, ECDC. "We can now aggressively execute our business plan. All the pieces are now in place, a global distributor network spanning five continents and more than 15 countries and still growing, and our technology is without any doubt the most advanced supply chain solution on the market, utilizing the world's first wireless communication between GPS and RFID."
EarthSearch is currently negotiating a number of Master licensing agreements in Chinese and US markets, and access to capital will allow the company to increase manufacturing capacity, extend purchasing terms to our distributors and partners, and provide advanced project design support that will accelerate successes for our partners in their local market. "We are quite pleased with the funding opportunity now in place," said Kayode Aladesuyi, CEO of East Coast Diversified Corporation.
About EarthSearch Communications
EarthSearch Communications, an ECDC Company (OTC.BB:ECDC), is a US-based business whose flagship product, LogiBoxx(TM), integrates GPS and RFID at the hardware level. When combined with its proprietary Global Asset Tracking and Identification System (GATIS) middleware, LogiBoxx and GATIS become the centerpieces of a LogiBoxx Certified Solution. An unprecedented business decision-making tool, a LogiBoxx Certified Solution offers continuous visibility within the Supply Chain, Logistics, and Asset Management and Control industries. Along with its integrated, patent-pending GPS and RFID technologies, EarthSearch also offers a complete line of innovative RFID solutions. Its expertise with GPS and RFID technologies, combined with exceptional support and service facilities, distinguishes EarthSearch as a leading manufacturer and supplier of real-time location solutions in the marketplace. For more information on East Coast Diversified, visit www.eastcoastdiversified.com or www.earthsearch.us
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
Editorial Contacts
Glenn Davis
EarthSearch Communications, an ECDC Company
+1 770-953-4184
866-503-9316
investorrelations@earthsearch.us

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