SOURCE: Viyya Technologies

November 08, 2007 08:00 ET

Viyya Technologies' Spins Out Virtual Ed Link™ as a Public Company

School Safety System Provides Priority Response Platform to School Administrators Searching for Better Ways to Help Protect Students

ROSELAND, NJ--(Marketwire - November 8, 2007) - Viyya Technologies Inc. (PINKSHEETS: VYON), developer and marketer of information management systems, previously announced the formation of a joint venture company Virtual Ed Link Inc., (VELI, a Nevada corporation), with The Atlantic Companies. VELI's mission is to provide school officials with a comprehensive school safety and management solution for communications before, during and after a school or campus emergency, and the improved management of daily events.

Viyya's Board of Directors is pleased to announce the execution of a definitive share exchange agreement between VELI and Virtual Ed Link Inc. (a publicly traded Texas corporation). Under the terms of the definitive agreement, VELI will assume approximately 98% control interest of OPUC. The terms and conditions are subject to customary state and federal filings and submissions. The new Board of Directors will consist of John Bay (CEO of Viyya Technologies), Timothy Brock (President of The Atlantic Companies), Joseph Forese (COO of Viyya Technologies) and Dr. Allen McCartney (Director of Marketing of VELI).

The Board of Directors of Viyya Technologies Inc. is also pleased to announce that it intends to distribute as a dividend approximately 50% of its interest in the new public company (OPUC) to its shareholders of record. Additional details and specifics are expected to be forthcoming.

Virtual Ed Link Inc.™ responds to the growing need from school campuses (K-12 and higher education institutions) to collect, access, share and disseminate vital information within school districts. VELI's School Safety and Management System (SSMS) is a web-based, hosted system that will provide a vital link between students, parents, staff, faculty and administration. SSMS can be customized for a particular school or college for any number of basic guidelines, rules, policies, procedures, and general notifications that can be embedded as system defaults.

In addition, different from text message solutions some institutions are attempting to put in place, the VELI solution will disseminate data to any registered digital device (phones, cell phone, PDA, PC, laptop, or "Smart Sign"). Applications installed within the system provide for mapping, simulations, evacuation routes, reporting, event management, monitoring via IP addressable cameras, and eLearning for students, parents, faculty, teachers and staff.

"With over 100 successful school-based implementations under our belt and years of experience, extending our service offering to school safety solutions is a natural addition," said The Atlantic Companies President, Tim Brock. "We believe the capabilities of the SSMS will provide greatly needed enhancements to educational facilities that are timely, appropriate, easy to implement and affordable. Now more than ever we can provide school district leaders with these important tools. We recently implemented a system in the Mechanicville, New York School District to great enthusiasm. I'm proud to be a part of this venture."

Viyya Technologies developed and introduced its powerful software suite in the aftermath of the recent campus tragedies that stunned the nation and focused attention on the need for better emergency alerting and communication within school districts. Viyya's core technology is capable of gathering and disseminating vital instruction in preparation for action in the event of tragedy, and provides urgent alerts, when necessary, to students, parents, faculty and staff if threats to safety occur. SSMS is the most comprehensive application available for planning, teaching, and distributing emergency direction and notifications. It also provides general notifications during normal daily activities such as canceling athletic practices or school closures.

"Everyone concerned with school safety is focused on the urgency of implementing a system in the near future," explained John Bay, Viyya Technologies CEO. "The SSMS will provide unparalleled product functionality such as information collaboration, alerts and notifications, student violence reporting, crime prevention, campus evacuation routing, document compliance and vaulting, and much, much more. We are very excited to grow this company as a standalone publicly traded company. Our combined management and technical expertise will insure a viable and growth oriented leader in the industry."

About Viyya Technologies:

Viyya Technologies (PINKSHEETS: VYON) is the developer and marketer of the world's most advanced, web-based information management application. Viyya's proprietary XScript extraction engine, used in conjunction with RSS feeds and today's popular search engines from NASDAQ listed Google, Yahoo, MSN, and NYSE listed AOL, and others, provides Viyya users with a level of information management not available from other vendors.

The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, email, and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA™ gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information, and have the information processed into notifications, daily reminders, newspapers, or archived for future use. For additional company information, please visit www.viyya.com.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors including but not limited to the ability of the company to implement its business plans, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the inability to consummate the proposed transaction, as well as other factors beyond the control of the company, which include general economic/business conditions, actual results may differ materially from the expectations expressed in the forward-looking statements.

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