Virtual Ed Link Outlines Strategies to Increase Revenue and Shareholder Value
May 11 2010 - 8:02AM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED) --
Virtual Ed Link is moving forward on a variety of items aimed at
increasing corporate revenues and shareholder value. These
important initiatives will be outlined in this release and followed
up with a series of releases discussing each initiative
individually.
First and foremost, VRED will be contracting with the proper
professional organizations to move the company to the Bulletin
Board. Included in this plan would be a financial audit along with
either a Form 10 or Registration Statement to the SEC. It is our
goal to have these in place during the 2010 fiscal year.
Second, as outlined in our last press release, we are changing
our current school business model to an Internet friendly revenue
model. This new model works with the school's current budgetary
dilemmas rather than working against it. We believe that this new
model can generate between $10 and $14 million for VRED during the
upcoming school year.
Third, we are continuing to look toward partnerships within the
school markets. These partnerships and resellers would be companies
that already have a foothold in local or national markets. Local
partnerships were outlined in past releases and discussions have
already been initiated with national brands such as Cisco and
Microsoft.
Fourth, the industry has been focusing much attention to the
safety of students as well as instructional information and tools
for administration, teachers and parents to monitor the Internet
practices of children. VRED will be announcing a complete set of
tools and courseware to address this market later this quarter.
Lastly, the SSMS portal has been recognized as a unique platform
capable of collaborating and disseminating information in many
vertical environments. VRED's management will be licensing its
Intellectual Property and expanding its focus to the local
government and Homeland Security markets. We also expect licensing
agreements to be forthcoming in the commercial security arenas of
airports, animal detection and maritime security solutions. These
initiatives, and the associated partnerships, will be discussed
within the upcoming series of releases.
"Last year our company was slowed by the current budget cuts in
the school markets -- something that we just didn't see coming one
year ago," said John Bay, President and CEO. "But we are an
aggressive young company with proprietary technology. We expect a
terrific year and a substantial uptick in revenues and shareholder
value."
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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