Virtual Ed Link Solution to Provide Security and Information Management Services to New York State School Districts With Revenue
September 25 2009 - 4:00PM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED) -- Dr. Alan McCartney,
Chief Operating Officer and Virtual Ed Link management recently met
with assistant director Denise Graminski and other representatives
of the Northeast Regional Information Center (NERIC), Albany, New
York, to finalize plans on marketing and deployment of the Safety
and Security Management System (SSMS).
The NERIC falls under the supervision of the Capital Region
Board of Cooperative Educational Services (BOCES). The Capital
Region BOCES employs approximately 1,200 people and have a general
fund budget of $93.8 million. They are the seventh largest of the
37 BOCES in the state in terms of total budget. New York State
school districts receive financial aid from the state as
encouragement to deploy hosted services, share resources and to
obtain economies of scale. In a geographic service area that covers
12 counties, the NERIC provides advanced technology services to 140
school districts. The NERIC contract offers a potential of 174,276
users and annual revenues of $784,235 for the basic SSMS service
alone, excluding add-on services.
The Virtual Ed Link sole-source solution has been installed,
authenticated and approved as a service. Services can now be
provided and aid generated to any school district through the
NERIC. This allows the Virtual Ed Link service to be replicated
within or shared through the other eleven (11) Regional Information
Centers (RICs). Virtual Ed Link will be working with NERIC to
generate cross contracts and/or to replicate our services outside
of their geographic area. This statewide network offers Virtual Ed
Link a potential deployment of 2.84MM student users and $12.78MM in
annual revenue.
Virtual Ed Link joins companies like Cisco Systems, Inc. and
Blackboard, Inc. in working to provide New York State schools with
services and support that meet the needs of students and
communities.
NERIC and Virtual Ed Link management have scheduled additional
meetings with various focus groups to discuss the rollout of
additional SSMS components to New York State students.
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.
Legal Notice Regarding Forward-Looking Statements:
"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. Virtual Ed Link 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 could cause actual results to
differ from those contained in forward-looking statements,
including, but not limited to risks associated with changes in
general economic/business conditions (including in the information
technology and financial information industry), actions of our
competitors, the extent to which we are able to develop new
services and markets for our services, the time and expense
involved in such development activities, the level of demand and
market acceptance of our services and changes in our business
strategies.
Contact: Pam Dominiczak Investor Relations Virtual Ed Link, Inc.
Phone: 973-276-0555 info@virtualedlink.org
www.virtualedlink.org
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