RFID Company Snapshot- An Investor looks at the RFID Sector
Point Roberts, WA –July 13, 2011 - Investorideas.com, a leader in sector research including RFID stocks, issues a trading alert for July 12th. Inova Technology (OTCBB:INVA) announced this week that they have now completed $790,000 worth of network solutions projects for Ysleta and Abilene school districts.
In other RFID news, East Coast Diversified Corporation (OTC.BB: ECDC), through its subsidiary has announced yesterday that they have secured a ten million dollar funding commitment with Southridge Partners II LP. Mr. Kayode Aladesuyi, CEO, of ECDC commented "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."
RFID Stocks Snapshot (at time of release)
International Business Machines Corp. (NYSE: IBM)
East Coast Diversified Corp. (OTCBB: ECDC)
Inova Technology (OTCBB: INVA)
Zebra Technologies Corp. (NASDAQ: ZBRA)
East Coast Diversified Corp. (OTCBB: ECDC)
Intermec, Inc. (NYSE: IN).
Cubic Corporation (NYSE: CUB) %)
Recent RFID News: Inova Technology (OTCBB: INVA)
Inova Completes Network Solutions Projects Worth $790,000
“LAS VEGAS, July 11, 2011 -- Inova Technology (OTCBB:INVA), through its wholly-owned subsidiary, Desert Communications, has now completed $790,000 worth of network solutions projects for Ysleta and Abilene school districts during the first half of calendar 2011.
"These projects were completed as part of larger contracts with both school districts," said CEO, Mr. Adam Radly. "We are concurrently completing various other projects and will provide updates about them as we proceed."
The company recently announced that it has been awarded approximately $47 million of contracts. The company receives projects in two stages: The first stage involves being awarded the project and the second stage involves getting approved funding for the project. Projects worth approximately $16 million have already been funded and will be likely completed over the next 12-18 months. The remaining projects will be submitted for funding in the second half of this calendar year. Historically, the majority of the company's projects have been approved for funding. The company will provide updates as additional projects are funded.”
Full news at: http://finance.yahoo.com/news/Inova-Completes-Network-pz-84969912.html?x=0&.v=1
Recent RFID News: East Coast Diversified Corp. (OTCBB: ECDC)
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, and 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." Full News at: http://www.investorideas.com/news/2011/main/07112.asp
About East Coast Diversified Corp. (OTCBB: ECDC):
EarthSearch Communications, an ECDC Company (OTC.BB:ECDC - News), 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
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