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EarthSearch
Enters Talks to Acquire Mobile Development Company
By:
staff reporter, John
Bodger
Last Updated: October 3, 2011 - 10:15am EST
(NEW YORK) --EarthSearch
Communication, traded under the name East Coast
Diversified Corporation (OTC:ECDC),
has entered into talks with California based Rogue Paper for
potential acquisition.
WSNC has confirmed that EarthSearch Communications has begun talks
with mobile development company Rogue Paper for a possible
partnership or merger between both companies. Although still in
the initial stages of a letter of intent, a final term sheet
agreement could be expected in the next week or two.
Based in California, Rogue Paper (www.roguepaper.com)
is a developer of mobile and media applications, which current
has products and partnerships with some very well known
media companies.
TV Tune-In Application
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. The apps aims to attract fans around live
viewing of their favorite show, event, or sports team. Users can
actively comment, Tweet and Like their favorite show, chat with
friends, play trivia games, watch exclusive video content, photos
and more. www.tvtunein.com
Current TV Tune-In Clients
The Company has developed products such as MTV's
WatchWith using their TV Tune-In platform, and VH1 for
their VH1 Co-Star app, which both allow users and viewers to
interact, in real-time, with other fans during live TV shows.
Live Sports Fan App
In March 2011, Rogue Paper partnered with Duke University
Athletics to release the Duke GameTime app, which allows fans of
Duke Men’s and Women’s basketball to read news, see
schedules and scores, and send invites to friends to watch and
comment along with games, together. Designed as a fan’s
second-screen companion to live-broadcast postseason games, the
app allows users to “Tune-In” to a curated messaging stream,
like a version of Twitter targeted toward the game.
Powered by Rogue Paper’s TV Tune-In platform, the stream
improves the game viewing experience by allowing for a community
driven watching experience, and brings the fans exclusive
commentary from the people closest to the action.
Impressive Board
One of the key aspects to any partnership or merger between EarthSearch
and Rogue Paper is the quality board of advisors that
any deal could bring to the table. More
information on their board of advisors can be found here http://www.roguepaper.com/tv-tune-in-lets-big-media-jump-on-the-audience-interactivity-bandwagon
Although still in the initial stages, any partnership between
EarthSearch Communications and Rogue Paper could prove to be a
major game changer for ECDC, and its shareholders. Any value
to a merger would not just be in the acquisition of Rogue
Paper and their expertise in the mobile industry, but more
importantly the potential partnerships that may be developed
through the high caliber contacts this deal could bring. Now
what is expected to be seen is if both parties can come to an
agreement of terms to close any deal, but from our
indications talks have been moving ahead pretty positively and
could generate some sort of agreement within the next week or so.
Until then investors are expected to be on a watch and wait
situation.
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Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast ("WSNC")
does not guarantee the accuracy, completeness or timeliness of, or
otherwise endorse these views, opinions or recommendations, or
give investment advice. WSNC, its affiliates, or directors, may or
may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was
compensated four hundred thousand shares of ECDC for ongoing research and media coverage. WSNC may hold a position
in above securities from time to time, and
thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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