WetWinds Inc., a wholly owned subsidiary of East Coast Diversified Corporation (OTC Pink: ECDC) (PINKSHEETS: ECDC), today announced that it has entered a licensing agreement with Medianet to gain access to a library of 16 million tracks and more than a million artists with over 100,000 tracks added weekly.
Vir2o will offer service through its music platform VMaestro. The service will offer a unique twist to the growing online music service market. VMaestro will be offered within a social media platform, using its proprietary nVite technology which allows live interaction between users. Multiple users can listen together interactively. Music service under the agreement will be available in the US, Canada and UK.
VMaestro will offer advertisement based music service which will allow users to create music channels and playlists. Users can access VMaestro on all 3 platforms (Mobile devices, Notebook and Desktops) Vir2o nVite technology will allow users to invite friends to join listening sessions. All participants in a session can actively engage with the music content or playlist. Vir2o provides a cross platform capability allowing users to interact regardless of platform or location.
"We will launch VMaestro, other media and retail contents on Vir2o this fall. Our nVite technology will allow us to have more views and clicks for advertisers, and social shopping will take on a new meaning, With user interaction based on content such as movies, music and shopping, we anticipate a higher than average revenue per user compared to most social media platforms," said Kayode Aladesuyi, ECDC Chairman/CEO.
With our key subsidiaries (StudentConnect and Vir2o) now out of development and in deployment phase, 4th quarter 2014 will be a key turnaround quarter for us; the business units are finally maturing, said Andrea Sousa, Comptroller, ECDC.
For more information on East Coast Diversified and its group of companies, please visit: www.vir2o.com
To learn about StudentConnect please visit: www.studentconnect.us or www.eastcoastdiversified.com
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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.
East Coast Diversified Corporation
SOURCE: East Coast Diversified Corp.