Virtual Ed Link to Upgrade Pink Sheets Status
24 Agosto 2009 - 11:13AM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED) announced today its plans
for an upgraded status on the Pink Sheets OTC Markets.
Virtual Ed Link (VELI) management stated that "During the month
of August, our executive and administrative staffs have been
focused on upgrading all Pink Sheet reporting criteria to the
highest level available for a company of our size and
structure."
"Due to our past focus on developing the Safety and Security
Management System (SSMS) product and assessing the marketplace, we
have slipped in our Pink Sheet status," said John Bay, founder of
VELI. "Creating value for our shareholders is always a top priority
and now with product deliveries creating a monthly revenue stream,
we can concentrate on the facets of the company that enhance our
corporate visibility."
The plans include three major segments -- upgrade of the current
Issuer Statements for proper corporate disclosure information,
additional financial reporting and further legal review
documentation.
The current Issuer Statement is now being enhanced and updated
directly by the VELI management team containing the structure --
past and present, corporate vision, a SSMS product breakdown and
strategic direction of the company.
Financial Reporting is almost completed by our CPA firm, Ferrara
& Buckworth of Verona, New Jersey. Quarterly and Annual
financial reports have already been generated and are in their
final review for submission.
The legal representations necessary for the Pink Sheets
"Attorney Review Letter" and if necessary, "Tradability Review"
will be provided by our corporate counsel at Duanne Morris in New
York City.
VELI management believes that all components of this process
will be completed within the 3rd quarter.
"VELI's SSMS product line is at the verge of becoming a
household name in the education, commercial and government safety
& security markets," stated John Bay. "As always, we thank all
of our shareholders for their continued support in our
company."
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
Virtual Ed Linc (CE) (USOTC:VRED)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Virtual Ed Linc (CE) (USOTC:VRED)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024