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Published in House and Home on Monday, August 24th 2009 at 7:24 GMT, Last Modified on 2009-08-24 07:24:02 by Market Wire🞛 This publication is a summary or evaluation of another publication
FAIRFIELD, NJ--(Marketwire - August 24, 2009) - Virtual Ed Link, Inc. (
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. (
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.