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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. Founded by Sima Sistani and Stephanie Boyle, Rogue Paper has assembled an impressive group of board of advisors including Twitter CEO Dick Costolo; Antonio Lucio, CMO of Visa; Walter Delph, VP at NewsCorp Digital; James Finn, Head of Innovation and Business Strategy at O2/Telefonica and Doug Mandell.
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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