Virtual Ed Link Confirms Sales Projections for 2008
May 29 2008 - 10:45AM
Marketwired
FAIRFIELD, NJ , the developer and marketer of the leading edge
technology platform for VELI's School and College Safety Management
Systems, published today a letter to shareholders confirming its
2008 sales projections show targeted schools with approximately
850,000 students to be under contract for fiscal 2008. The text of
the letter follows:
Management wishes to address the recent quiet period as follows:
With K-12 schools completing their budgets in May, and Colleges in
June and July, VELI staff planned an accelerated effort during
current months to present our holistic integrated platform
solutions that mitigate potential school and college safety and
security threats.
We are pleased now to announce our efforts with potential
clients, confirms our sales projections for the first half year.
VELI projects that current proposals submitted to K-12 school
districts, technical and community colleges, and colleges and
universities containing student populations of approximately
500,000 students will be under contract across the country by the
end of 2008. This represents 59% of needed annualized contracts,
with seven calendar months to go.
The current month had been planned for accelerated contacts as
the VELI staff and the Clements Group partnership have set up
onsite presentations and remote webinars with groups having
multiple campuses, as exemplified by the recent webinar presented
to Wake Technical Community College in North Carolina. K-12 school
districts generally present budgets for voter approval in May (as
an example, New York's vote took place on May 20). With focused
efforts, the VELI sales group garnered requests for proposals from
twenty-four schools representing 3,000 students each, and fourteen
schools with 5,000 students each. This 142,000 student group
represents about 14% of projected students and revenues needed to
achieve the 858,000 users slated for annualized 2008 results.
VELI staff has been working with the Clements Group in the
community and technical college market nation wide to garner
requests for proposals from colleges totaling 216,000 users. This
represents about 25% of the required users needed to achieve 2008
projections.
The college and university market, which is made up of several
statewide institutions, have scheduled informational webinars which
to date have had a significant impact on key decision makers. Those
who have been focused on the possibility of solving safety problems
with firms that provide "alerts only" solutions are starting to see
the need for a more comprehensive approach to campus safety and
crisis management. In April, at a seminar hosted by Princeton
University, over 200 college administrators from across the nation
heard the case being made for integrated safety and campus crisis
management planning.
The VELI technology platform continues to be the most
comprehensive on the market, and with proposals out to college
populations that represent another 28% of fiscal year projected
revenues, the total of the three markets represents almost 67% of
total projected contracts with half a year completed. It is
significant to recognize the total market for the VELI solutions is
represented by approximately 76 million registered students in
schools and colleges across the USA.
Dr. Alan McCartney, COO of Virtual Ed Link, commented; "My 30
years in school systems, consulting on safety, and as
Superintendent, convince me the VELI model is best able to diminish
the threats experienced since Virginia Tech. The ability to
acknowledge that a threat may exist, assess the validity of the
threat and respond before an incident becomes a major crisis give
administrators a powerful resource in their quest for safe school
districts and college campuses. Speakers at the April Seminar at
Princeton University sent a message that administrators across the
country are starting to act on."
About Virtual Ed Link
Virtual Ed Link, Inc. responds to the growing need from school
campuses (K-12 and higher education institutions) to collect,
access, share and disseminate vital information within school
districts. The School Safety Management System (SSMS), through
VELI, is web-based and can be accessed anywhere. SSMS can be
customized for the particular school or college in which it is
being implemented. Basic guidelines, rules and procedures, and
general notifications are embedded as defaults, or the school can
install its own.
Virtual Ed Link, Inc. is a subsidiary of Viyya Technologies,
Inc. (PINKSHEETS: VYON). The VELI School Safety Management System
is powered by The Viyya Core Technology.
Virtual Ed Link, Inc., aka VELI (PINKSHEETS: VRED), is a
subsidiary of Viyya Technologies, Inc. which develops and markets
Business Intelligence and Personal Knowledge Management software
applications. Virtual Ed Link, Inc. is licensed to market and sell
the School Safety Management System (SSMS), which uses proprietary
core technology solutions developed as Business Intelligence
applications that manage day-to-day information by enabling users
to automate and customize the way they collect, process, and
distribute real-time data. The School Safety Management System is
marketed and sold to schools and colleges around the U.S. and
geared to be used as a collaborative Web 2.0 tool to share general
information retrieved from any internet source among the school
users, and especially, in the event of threats or danger, to
disseminate alerts to help and guide students, parents, faculty and
law enforcement in the actions necessary to help protect school
attendees, and school infrastructure.
"Forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995 may be included in this
news release. These statements relate to future events or our
future financial performance; they are only predictions and may
differ materially from actual future results or events. Viyya
disclaims any intention or obligation to revise any forward-looking
statements whether as a result of new information, future
developments or otherwise. Important risk factors -- including, but
not limited to risks associated with changes in general
economic/business conditions, actions of our competitors, the
extent to which we are able to develop new services and markets for
our services, and changes in our business strategies -- could cause
actual results to differ from those contained in forward-looking
statements.
Contact: Joseph Forese COO 973.276.0555
jforese@virtualedlink.org http://www.virtualedlink.org
CurrentC Power (PK) (USOTC:VYON)
Historical Stock Chart
From Jun 2024 to Jul 2024
CurrentC Power (PK) (USOTC:VYON)
Historical Stock Chart
From Jul 2023 to Jul 2024