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VRED Virtual Ed Linc Inc (CE)

0.000005
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Virtual Ed Linc Inc (CE) USOTC:VRED OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000005 0.00 01:00:00

Virtual Ed Link -- SSMS for the High Seas

18/05/2010 1:57pm

Marketwired


Virtual Ed Linc (CE) (USOTC:VRED)
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Virtual Ed Link, Inc. (PINKSHEETS: VRED) announced today that it is targeting its Safety and Security Management System (SSMS) for release to the commercial shipping industry, primarily the worldwide cruise industry.

The worldwide cruise market is estimated to reach $26.78 billion in 2010 and piracy and terrorism are increasingly becoming critical issues. Just last week, the General Accountability Office (GAO) of the US Federal Government asked the Custom and Border Protection (CBP) agency to begin related studies. The Department of Homeland Security agreed to the GAO's recommendation.

VRED's sophisticated web-based physical security dashboard will act as the heart of a solution utilized by cruise and tanker ships gathering in "short-range" information and intelligence on approaching ships not usually visible to the current "long-range" detection system now employed on the vessels. The unit will contain three major components and sensing devices -- 2 kilometer mid range radar, infrared and thermal technology for night and fog usage, and PTZ daylight cameras.

Major maritime insurance companies such as Lloyd's of London and others estimate 2009 losses will top $50 million with losses even higher in 2010.

"We have spent the better part of two years developing the core technology capable of turning sensor data into intelligence," said John Bay, President and CEO. "This technology can be utilized in many different vertical markets and vessel security is a prime example."

VRED is already partnering with specific maritime system integration firms here within the United States and additional product analysis began last week on a cruise ship leaving NY harbor.

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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