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ECDI On Other Exchanges
As of 4:30 PM 03/9/14 All times are local (Market data is delayed by at least 15 minutes).

ec development inc (ECDI) Snapshot

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ec development inc (ECDI) Details

EC Development, Inc. engages in the design, development, marketing, and sale and support of casino gaming management software systems to small and medium-sized casinos in the United States and Mexico. Its principle product includes the Tahoe Casino Management System that provides solutions for various gaming operations, including accounting, player tracking, marketing, data management, and analysis. The company offers the Tahoe Casino Management systems, Tahoe TITO (ticket-in/ticket-out) systems, Tahoe Table Tracking systems, and other related software under the brand name of ‘the Tahoe Suite of Software’ to companies in the gaming industry. It markets its products and services through direct sales and distribution channels. The company was founded in 2005 and is based in Shawnee, Oklahoma.

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ec development inc (ECDI) Key Developments

SEC Revokes Registration Of Registered Securities Of EC Development, Inc

An Administrative Law Judge has issued an Initial Decision of Default as to EC Development, Inc. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against EC Development For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of EC Development, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

EC Development, Inc. Develops Bingo-Based Central Determinate Gaming Engine for Use in Class II Gaming Devices

EC Development, Inc. announced that it has developed a central determinate gaming engine for development of gaming systems based on a centralized bingo system. The centralized bingo system is an essential component to qualify a gaming device as a Class II device (also known as bingo). Class II gaming devices are defined as games of chance (whether or not electronic, computer, or other technological aids are used in connection therewith) with pre-defined wins and payouts. The ECDI Class II gaming engine provides the crucial bingo-based game for all the connected gaming devices and can be deployed in online games, slot machines and machines which look, feel and play like Class III games with identical content but with the distinct advantages afforded to the gaming establishment using Class II devices. In many gaming environments, including tribal casinos as well as some Latin American jurisdictions, all devices must be Class II but, even in those environments where Class III devices are used, Class II devices present unique advantages including avoiding the ever-increasing taxes levied on Class III gaming devices.


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