Virtual Ed Link Announces Strategic Relationship With New Jersey School Boards Association Insurance Group
April 28 2010 - 8:35AM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED)
announced today that it has developed a strategic relationship with
the New Jersey School Boards Association Insurance Group for the
joint distribution of its Safety & Security Management System
(SSMS).
The New Jersey School Boards Association Insurance Group
(NJSBAIG) is the state's first and largest school insurance pool.
Founded in 1983, NJSBAIG is a non-profit, member-owned joint
insurance fund dedicated to public schools in New Jersey. The
NJSBAIG offers a host of risk management and loss control services
and insurance education programs tailored to the needs of New
Jersey's public schools.
In a joint program between NJSBAIG and VRED, the SSMS public
portal will be offered to NJSBAIG's 400 plus school districts in a
typical Internet "freemium" model. This model provides basic
services to the school districts free of charge while offering
premium services in a "pay-as-you-go" mode.
School safety is the program's number one priority and this
joint program provides the districts with essential communication
and educational services that they may no longer be able to afford
in the upcoming school year.
The first phase of deployment could generate over $200,000 for
VRED, as each school district's base participation is approximately
$495, saving thousands of dollars for each school district in
upfront fees and licenses. Once registered onto the portal, the
district can begin to utilize additional safety services on an ad
hoc basis. Prior implementations of the SSMS service show that a
typical school district averages about $10,000 in spending annually
on safety, security and eLearning services with VRED.
"We believe this is a tremendous opportunity for schools during
these fiscally hard times," said John Bay, President and CEO.
"NJSBAIG is establishing itself as a leader in the insurance
industry by responding to the needs of its constituents in a manner
that they need it most -- through easily accessible Internet
cloud-based 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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