Virtual Ed Link Provides Update on Recent Developments and Company Growth
September 22 2010 - 7:00AM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED)
Virtual Ed Link, the provider of quality and affordable safety and
security services to school districts, provided an update today on
recent company developments and sales and revenue growth.
The current 2009-2010 school year marks an important milestone
for Virtual Ed Link as the year the company's products were first
released to the market and initial revenues were generated.
Additionally Virtual Ed has established its core markets and
business models and has laid the groundwork for a "breakout" year
in the 2010-2011 school year.
Last school year the company successfully brought to market its
School Safety Management System (SSMS), with its initial product
sales going to school districts in New York and New Jersey. These
contracts for Virtual Ed's anchor installations, the NERIC BOCES in
Albany, New York and the Borough of Roselle, New Jersey, have
already been renewed. Additionally over 42 schools in New York
State have budgeted Virtual Ed's product into the upcoming school
year totaling over $500,000 in projected revenue. New Jersey
schools have been awarded grants which have been earmarked for the
SSMS which is estimated to provide over $600,000 in revenues for
the upcoming school year. These revenue projections do not include
any partner contributions from New Jersey School Board Association
Insurance Group (NJSBAIG), NY State BOCES, or Bullzi Security.
In recent months Virtual Ed's product offering has increased
significantly to include a variety of new innovative eLearning
courses from WISE, the Adult and Child Versions of Internet Safety,
as well as 13 additional courses. The SSMS now also contains the
physical security management dashboard and access control with
camera interfaces. It is the first service offering to integrate
communications, informational and physical security components into
one seamless environment. The company has also increased the scope
and breadth of its service offering, while making it easier to
procure and implement its new Internet-friendly "Freemium Price
Model." Virtual Ed is also branching out into the field of maritime
security. This past summer the company displayed its prototypes at
the Posidonia Show in Athens, Greece for the world's shipping and
cruise industries.
This recent expansion in product and service offerings has
caught the eye of several state agencies as well as the Department
of Homeland Security, and local law enforcement agencies. The
company hopes to provide further updates on these developments very
soon.
"I am extremely encouraged by the steady progress we continue to
make, and especially by these very important steps we have taken to
continue growing our company," stated John Bay, President and CEO
of Virtual Ed Link. "Our management team is genuinely committed to
building a great company and creating considerable long term value
for our shareholders. The fact that some key agencies are now
taking notice of our products and services may bode very well for
our continued future growth as we tap into new markets. I expect to
make some additional announcements very soon on further initiatives
we are taking, including changes in our corporate structure and in
our future management team."
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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