SOURCE: Virtual Ed Link, Inc.

December 16, 2010 07:00 ET

Virtual Ed Link Board of Directors Reduces Outstanding Shares by 53%

FAIRFIELD, NJ--(Marketwire - December 16, 2010) - Virtual Ed Link, Inc. (PINKSHEETS: VRED) -- Virtual Ed Link announced today that its Board of Directors voted to reduce its common stock issuance by 53%. This reduction represents approximately 1.7 billion shares. 

The company's outstanding common stock share count would be reduced from the current 3,783,147,467 down to approximately 2,033,147,467. This represents a 53.7% reduction in the outstanding share total.

John Bay, President and CEO of Virtual Ed Link again stated, "Our thinking behind these two very significant share reductions is to assure that our investors will achieve the maximum shareholder value possible."

This common share reduction is being made possible by the company's two largest shareholders, Viyya Technologies, Inc. and Timothy Brock. The 1.7 billion shares of common stock will be converted to Series B Preferred Stock. The transaction is expected to be completed during the month of December and reflected in company financials for the fiscal year ending December 31, 2010.

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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