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PRZOOM - /newswire/ -
Winston-Salem, NC, United States, 2013/10/21 - SmallCapReview, A leading site for news and information on small caps, penny stocks and microcaps is adding EC Development Corporation (ECDI) to its list of stocks "On the Radar" - SmallCapReview.com.
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EC Development (ECDI) designs, develops and markets software for the U.S. and international gaming and casino markets. The software monitors, audits, analyzes and manages all financial transactions and customer activities for casinos and other gaming related environments.
Its flagship technology, the Tahoe CMS (Casino Management System) is a complete class 2 and class 3 game accounting system and offers customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely negating the need to have disparate systems while also enabling the use of some truly cutting edge marketing tools.
It is a proprietary platform 100% owned and managed by ECDI. The EC Executive team brings the right blend of business experience and technical experience and has successfully developed and deployed its technology in the international casino gaming industry.
ECDI Investor Highlights
Strong Growth - ECDI has contract agreements for $5.5 million and contracts pending worth $45.5 million.Very Attractive
Share Structure - ECDI has a low float and low amount of total shares outstanding, truly offering a chance get in early.
Joint Venture - ECDI is entering into a joint venture known as Slot One which will focus on the development and installation of Class II slot machines in Casinos on a revenue sharing basis. Revenue sharing is a normal model used in many tribal casino and secondary jurisdictions. Slot One it will provide an upsale opportunity for ECDI's Tahoe System. Currently Slot One has a Revenue Sharing Agreement with the Absentee Shawnee Tribe of Oklahoma to install 50 machines in their Thunderbird Casino in Norman, OK. These machines should have an average of $300.00 per day of gross revenue per machine.
Cruise Ship Industry - The Company’s software program is already installed on several cruise ships and we look for this this segment of ECDI's future to explode and do so soon. The first system was installed on the Sinfoa, 1 of 12 ships belonging to MSC Cruises. MSC Cruises is the market leading cruise company in the Mediterranean, South Africa and Brazil. MSC Cruises sails throughout the year in the Mediterranean and offers a wide range of seasonal itineraries in Northern Europe, the Atlantic Ocean, the Caribbean, the French Antilles, South America, South and West Africa, and the Red Sea. The 12 ships comprising its ultra-modern fleet will carry over 1.4 million guests annually.
Research and Development - The R&D Department is consistently innovating and revolutionizing Casino Management Software based on the latest and most cutting edge technology. ECDI has been a pioneer in CMS and was the first company to develop technology that could accept any gaming device software on the same platform.
Intellectual Property - The company’s technology is subject to protections through multiple applications for patents (patents pending) with the United States Patent and Trademark Office. Innovative - ECDI was the third company to receive certification for the government of Mexico's SAT casino reporting program. ECDI is currently working with several Latin American countries to provide similar services. ECDI's team has many industry firsts.Worldwide Presence - ECDI has customers around the world, including Central America, Mexico, South America, Europe, United States and others via cruise ships and land casinos. Thousands of games and tens of thousands of players utilize the Tahoe system everyday.
Advanced Technology - The Company’s software systems are standards-compliant and integrate management and reporting for both Class II and Class III games and related gaming systems. The first generation of the Tahoe Suite of Software was released in 2005. Over the past eight years, the company has continued to expand and grow its state of the art gaming technology to provide what, the Company believes, is one of the most comprehensive and cutting-edge CMS in the market at a price point 40% below the competitive industry.
Enormous Industry - Casino Management Software (CMS) has long been mandatory in Las Vegas and Atlantic City. With millions of dollars to account for and even more game transactions to track, a centralized reliable system was mandatory. In the past only a handful of companies offered this type of product with a large price tag and an almost monopolistic sales and service view. The emergence of new markets created the need for robust and affordable CMS. ECDI was created with the understanding that as emerging markets reached maturity they too would seek and affordable, reliable and robust casino management solution.
Customizable - The Tahoe system provides a reliable, scalable, and supportable solution for its clients. The Tahoe CMS provides all the transactional, analytical and reporting data possible, while allowing for customizations based on the clients particular needs and jurisdictional requirements.
Experienced Management - ECDI's management has a proven track record in gaming technology development and implementations.
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