FAIRFIELD, NJ -- 02/21/08 --
Virtual Ed Link, Inc. (PINKSHEETS: VRED), the
developer and marketer of the School Safety Management System (SSMS),
announced that new Federal legislation is mandating schools and colleges to
implement a comprehensive security platform in order for the school to
remain eligible for Federal funds and grants.
The Laws S1642 and HR 4137 now require campus compliance for Safety and
Crisis Management under strict guidelines. The campus must have a Crisis
Management Plan if it is to seek Title IV Funds such as Pell Grants or
Perkins Loans. Campuses that do not comply with these new laws face losing
Title IV funding and could face other penalties or sanctions.
The VELI SSMS platform, already being implemented at campuses around the
country, provides and exceeds all of the requirements currently being
mandated in this legislation.
CEO John Bay stated: "This government legislation confirms that our
approach is right for the need and right for the time. VELI is setting the
standard for security platforms in education. The company continues to
review its revenue projections for upward adjustment in light of this new
development and the resultant surge in demand that we have already begun to
feel."
Virtual Ed Link has made its mantra a "culture of preparedness" that
establishes the planning, training, and teaching necessary to help save
lives in times of crisis. The demand for VELI's life saving product will
continue to grow as campus administrators recognize the VELI System as the
standard for school safety.
About Virtual Ed Link:
Virtual Ed Link, Inc. responds to the growing need from school campuses
(K-12 and higher education institutions) to collect, access, share and
disseminate vital information within school districts. The School Safety
Management System (SSMS), through VELI, is web-based and can be accessed
anywhere. SSMS can be customized for the particular school or college in
which it is being implemented. Basic guidelines, rules and procedures, and
general notifications are embedded as defaults, or the school can install
its own.
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. VIYYA(TM) 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 --
including but not limited to risks associated with changes in general
economic/business conditions (including in the IT and financial information
industries), 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 -- could
cause actual results to differ from those contained in forward-looking
statements.
Contact:
Joseph Forese
COO
973.276.0555
jforese@virtualedlink.org
http://www.virtualedlink.org
