Virtual Ed Link Confirms Sales Projections for 2008
FAIRFIELD, NJ , the developer and marketer of the leading edge technology platform for VELI's School and College Safety Management Systems, published today a letter to shareholders confirming its 2008 sales projections show targeted schools with approximately 850,000 students to be under contract for fiscal 2008.
The text of the letter follows:
Management wishes to address the recent quiet period as follows: With K-12 schools completing their budgets in May, and Colleges in June and July, VELI staff planned an accelerated effort during current months to present our holistic integrated platform solutions that mitigate potential school and college safety and security threats.
We are pleased now to announce our efforts with potential clients, confirms our sales projections for the first half year. VELI projects that current proposals submitted to K-12 school districts, technical and community colleges, and colleges and universities containing student populations of approximately 500,000 students will be under contract across the country by the end of 2008. This represents 59% of needed annualized contracts, with seven calendar months to go.
The current month had been planned for accelerated contacts as the VELI staff and the Clements Group partnership have set up onsite presentations and remote webinars with groups having multiple campuses, as exemplified by the recent webinar presented to Wake Technical Community College in North Carolina. K-12 school districts generally present budgets for voter approval in May (as an example, New York's vote took place on May 20). With focused efforts, the VELI sales group garnered requests for proposals from twenty-four schools representing 3,000 students each, and fourteen schools with 5,000 students each. This 142,000 student group represents about 14% of projected students and revenues needed to achieve the 858,000 users slated for annualized 2008 results.
VELI staff has been working with the Clements Group in the community and technical college market nation wide to garner requests for proposals from colleges totaling 216,000 users. This represents about 25% of the required users needed to achieve 2008 projections.
The college and university market, which is made up of several statewide institutions, have scheduled informational webinars which to date have had a significant impact on key decision makers. Those who have been focused on the possibility of solving safety problems with firms that provide "alerts only" solutions are starting to see the need for a more comprehensive approach to campus safety and crisis management. In April, at a seminar hosted by Princeton University, over 200 college administrators from across the nation heard the case being made for integrated safety and campus crisis management planning.
The VELI technology platform continues to be the most comprehensive on the market, and with proposals out to college populations that represent another 28% of fiscal year projected revenues, the total of the three markets represents almost 67% of total projected contracts with half a year completed. It is significant to recognize the total market for the VELI solutions is represented by approximately 76 million registered students in schools and colleges across the USA.
Dr. Alan McCartney, COO of Virtual Ed Link, commented; "My 30 years in school systems, consulting on safety, and as Superintendent, convince me the VELI model is best able to diminish the threats experienced since Virginia Tech. The ability to acknowledge that a threat may exist, assess the validity of the threat and respond before an incident becomes a major crisis give administrators a powerful resource in their quest for safe school districts and college campuses. Speakers at the April Seminar at Princeton University sent a message that administrators across the country are starting to act on."
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.
Virtual Ed Link, Inc. is a subsidiary of Viyya Technologies, Inc.
(PINKSHEETS: VYON). The VELI School Safety Management System is powered by The Viyya Core Technology.
Virtual Ed Link, Inc., aka VELI (PINKSHEETS: VRED), is a subsidiary of Viyya Technologies, Inc. which develops and markets Business Intelligence and Personal Knowledge Management software applications. Virtual Ed Link, Inc. is licensed to market and sell the School Safety Management System (SSMS), which uses proprietary core technology solutions developed as Business Intelligence applications that manage day-to-day information by enabling users to automate and customize the way they collect, process, and distribute real-time data. The School Safety Management System is marketed and sold 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.
"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 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, actions of our competitors, the extent to which we are able to develop new services and markets for our services, and changes in our business strategies -- could cause actual results to differ from those contained in forward-looking statements.
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