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ZST Digital Networks, Inc. Signs Letter of Intent with EarthSearch Communications International, Inc.

2011-06-08 17:04 1087

ZHENGZHOU, China, June 8, 2011 /PRNewswire-Asia-FirstCall/ -- ZST Digital Networks, Inc. (NASDAQ: ZSTN) ("ZST" or the "Company"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, has signed a Letter of Intent with EarthSearch Communications International, Inc. ("EarthSearch"), a subsidiary of East Coast Diversified Corporation (OTC.BB: ECDC) as the basis for further discussion regarding the terms and conditions that may apply in a formal agreement to be executed between both parties in the future.

Under any such formal agreement, ZST Digital would be granted Chinese distribution and marketing rights to EarthSearch's Logiboxx product, a proprietary technology for integrated wireless communication between GPS and RFID, and ZST would provide technical and administrative support for the product in China.

Mr. Zhong Bo, Chairman and Chief Executive Officer of ZST, commented, "While our discussions with EarthSearch are still in a preliminary phase, we are interested in exploring the potential synergies between their Logiboxx integrated GPS and RFID solution and our own GPS fleet management technology. We continue to be on the lookout for partners with whom ZST can work together to achieve our long-term expansion strategy and create meaningful value for our shareholders. We feel that EarthSearch may be just such a partner, and we look forward to exploring possible cooperation with them in the future."

About ZST Digital Networks, Inc.

ZST Digital Networks, Inc. (Nasdaq: ZSTN) is a China-based company, principally engaged in (1) supplying digital and optical network equipment and providing installation services to cable system operators in China and (2) providing GPS location and tracking services to local logistics and transportation companies in China.  The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers.  The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises. The Company has also launched a commercial line of vehicle tracking devices utilizing our GPS tracking technologies and support services for transport-related enterprises to track, monitor and optimize their businesses.  For more information about ZST Digital Networks, Inc., please visit www.zstdigital.com/English.  


 

 

Contacts:


 

 

 

Company Contact:

ZST Digital Networks Inc.

Email: ir@zstdigital.com                                                          

 

Investor Relations (HK):

Mahmoud Siddig

Taylor Rafferty

Tel:  +852-3196-3712

Email: zstdigital@taylor-rafferty.com  

 

 

Investor Relations (US):

Bryan Degnan

Taylor Rafferty

Tel: +1 (212) 889-4350

Email: zstdigital@taylor-rafferty.com  

 

 

 

 

 

Source: ZST Digital Networks, Inc.
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