Virtual Ed Marketing Efforts Begin to Pay Off, These Districts Represent Over 91,000 Users and an Estimated $412,000 in Recurrin
February 03 2010 - 9:08AM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED) COO Dr. Alan McCartney
announced today that Virtual Ed Link is recognizing success in its
sales and marketing efforts.
The Virtual Ed Link marketing and sales teams have been working
with districts at all phases of the district buying cycles
providing information through presentations and live
demonstrations. School administrators recognize that teaching and
learning cannot occur if students and staff are not safe, or do not
feel safe, in their learning environment. They are looking at our
Safety and Security Management System (SSMS) as a cost effective
way to institutionalize a multi-pronged safety and security
solution. Poor communication can make a bad situation much worse;
the SSMS provides effective communication that can speed the
restoration of equilibrium by keeping their constituents properly
trained, prepared and well informed with timely, accurate
information.
We are excited to report that our efforts have resulted in
approximately forty (40) school districts receiving quotes and
working through the process for final approval. These districts
represent over 91,000 users and an estimated $412,000 in recurring
revenue. Our status with the North Eastern Regional Information
Center in New York State and our designation as a sole provider in
New Jersey provide districts with a viable option for purchasing
based on quotes directly from us.
In addition, these same districts are looking beyond the base
service and are also interested in additional purchases relating to
our eLearninig, Physical Security and Information services. These
add-on services range dramatically in size and scope, with some
projects budgeted at $500,000 and more.
The school buying cycle is a multi-phase process that lasts
throughout the year with year-to-year cycles that overlap. The key
phases to a school's buying schedule are needs assessment; planning
and budgeting; presentation and approvals; final review, selection
and purchase. The cycle takes from four to six months to complete
and each school district sets its own schedule.
The team continues to follow leads and search for opportunities
to market our services.
About Virtual Ed Link, Inc.
Virtual Ed Link, Inc., (PINKSHEETS: VRED), sells the Safety and
Security Management System (SSMS), which uses proprietary core
technology solutions developed by Viyya Technologies. The Safety
and Security Management System is marketed and sold primarily 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.
For more information, visit http://www.virtualedlink.org
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Contact: Pam Dominiczak Investor Relations Virtual Ed Link, Inc.
Phone: 973-276-0555 info@virtualedlink.org
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