East Coast Diversified Corporation (OTCBB:ECDC), through its subsidiary EarthSearch Communications, Inc., plans to develop a portfolio of GPS related commercial and social networking mobile applications under its new division, EarthSearchMobile, Inc.
"EarthSearchMobile will integrate EarthSearch's current GPS/RFID technology into an easy to use mobile interface to enhance our current product offerings for our existing clients. Other applications to be developed will include social networking activities related to commercial information and retail business sales," said ECDC Chairman and CEO, Kayode Aladesuyi
Digagogo Ventures Corp.(OTCBB:DOGO ), a provider of information and communications technology, announced today it has completed an asset purchase agreement for the acquisition of Swebby Inc. The stock is trading up on news with significant volume. The Company is developing a digital sales and distribution network designed to connect households together and enable individuals to buy or sell items within a local community.
Bizzingo, Inc .(OTCBB: BIZZ ) and IBG.com, Inc. reported they have signed a Letter of Intent (LOI) to confirm discussions concerning a merger or some other form of business arrangement between the two companies. The combined services of both companies would include online marketing, reputation management, and a social network designed for businesses, positioning Bizzingo to help businesses connect, promote and protect their brands online. The stock was up on the news on early trading.
Social Networking Stocks Trading Snapshot (at time of release)
- BIZZINGO, INC. (OTCBB: BIZZ ) trading at $0.73, up 0.02 (2.82%)
- East Coast Diversified Corporation (OTCBB:ECDC), trading at $0.02 on over 100,000 shares in volume
- Digagogo Ventures (OTCBB:DOGO) trading at $0.54 on over 900,000 shares in volume
- FriendFinder Networks Inc.(NasdaqGM: FFN ) trading at $4.60 , up 0.03 (0.66%)
- LinkedIn (NYSE: LNKD ) trading at $97.40 on over 800,000 shares in volume
- Renren Inc. (NYSE: RENN ) trading at $10.53, on over 1 Million shares in Volume
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