SOURCE: Virtual Ed Link, Inc.

September 23, 2010 07:00 ET

Virtual Ed Link Board of Directors in Discussions to Further Reduce the Outstanding Shares

FAIRFIELD, NJ--(Marketwire - September 23, 2010) -  Virtual Ed Link, Inc. (PINKSHEETS: VRED) announced today that its Board of Directors is currently in discussions to retire or convert an additional block of up to 1 billion shares. This share reduction, if completed, would be in addition to the 750 million shares announced on August 31, 2010. 

If consummated, the company's outstanding share count would potentially be reduced from its current 3,783,147,467 down to 2,033,147,467. That would represent a 53.7% reduction in the outstanding share total.

John Bay, President and CEO of Virtual Ed Link, stated, "Our thinking behind these two very significant share reductions is to assure that our investors will achieve the maximum shareholder value possible. Yesterday we announced some key contracts which have presently generated revenues for Virtual Ed Link, and should continue to do so in the coming years. It's important for us to reward our shareholders for the confidence they have placed in us over the years when we were a developmental stage company." Mr. Bay also said, "With our anticipated increase in revenues and earnings over the next few years as our marketing efforts continue to grow, our shareholders will benefit more greatly from a higher earnings per share with the new proposed share structure. I expect to report on the progress of this initiative as well as other company developments in the near future."

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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