Virtual Ed Link (VRED)
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Virtual Ed Link 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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Breaking News
Virtual Ed Link, Inc. (VRED) announced today that it has developed a strategic relationship with the New Jersey School Boards Association Insurance Group for the joint distribution of its Safety & Security Management System (SSMS).
The New Jersey School Boards Association Insurance Group (NJSBAIG) is the state's first and largest school insurance pool. Founded in 1983, NJSBAIG is a non-profit, member-owned joint insurance fund dedicated to public schools in New Jersey. The NJSBAIG offers a host of risk management and loss control services and insurance education programs tailored to the needs of New Jersey's public schools.
In a joint program between NJSBAIG and VRED, the SSMS public portal will be offered to NJSBAIG's 400 plus school districts in a typical Internet "freemium" model. This model provides basic services to the school districts free of charge while offering premium services in a "pay-as-you-go" mode.
School safety is the program's number one priority and this joint program provides the districts with essential communication and educational services that they may no longer be able to afford in the upcoming school year.
The first phase of deployment could generate over $200,000 for VRED, as each school district's base participation is approximately $495, saving thousands of dollars for each school district in upfront fees and licenses. Once registered onto the portal, the district can begin to utilize additional safety services on an ad hoc basis. Prior implementations of the SSMS service show that a typical school district averages about $10,000 in spending annually on safety, security and eLearning services with VRED.
"We believe this is a tremendous opportunity for schools during these fiscally hard times," said John Bay, President and CEO. "NJSBAIG is establishing itself as a leader in the insurance industry by responding to the needs of its constituents in a manner that they need it most -- through easily accessible Internet cloud-based services.
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