SOURCE: Virtual Ed Link, Inc.

August 31, 2010 07:00 ET

Virtual Ed Link Board Approves Common Stock Share Reduction of 20%

FAIRFIELD, NJ--(Marketwire - August 31, 2010) -  Virtual Ed Link, Inc. (PINKSHEETS: VRED) -- Virtual Ed Link announced that its board of directors has unanimously approved a 20% reduction in the company's common stock. The move was designed to decrease the outstanding shares and increase shareholder value. The shares were originally issued to third parties during the corporation's formation in the latter part of 2007 as part of a marketing agreement for VRED.

Since those marketing efforts were never realized, the board unanimously agreed to enter into negotiations with the third parties in order to rescind the original transaction and return over 750,000,000 shares to treasury.

"One of our top priorities is to put our shareholders in a position of strength and increase our shareholder value," said John Bay, President and CEO of Virtual Ed Link. "Our shareholders have stuck with us for some time and have supported us when state and federal budgetary cuts affected the school marketplace. As we now see the market beginning to turnaround, we want nothing more than to reward our valued shareholders any way we can. This reduction is just the first in a long list of initiatives we are currently working on and hope to put in place very soon."

Mr. Bay continued, "Over the past several weeks the board has been evaluating various potential projects and opportunities that are before us which if implemented could be extremely beneficial for the company. We hope to have more announcements and provide more details on these items very soon."

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.

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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.

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