SOURCE: Viyya Technologies

November 15, 2007 09:56 ET

Update: Viyya Announces 4:1 Stock Dividend of Virtual Ed Link

ROSELAND, NJ--(Marketwire - November 15, 2007) - Viyya Technologies Inc. (PINKSHEETS: VYON), developer and marketer of the world's most advanced, web-based, information management application, is pleased to announce the public trading of Virtual Ed Link, Inc stock, with the symbol (PINKSHEETS: OPUC).

Virtual Ed Link (VELI) has been introduced to Educational Institutions as the marketer of a proprietary School Safety Management System (SSMS), heralded as the most comprehensive solution for schools and colleges across the country, providing enhancement of a school's day-to-day communication processes, and emergency dissemination of alerts and information.

Viyya's Board of Directors approved a stock dividend distribution of four (4) common shares of Virtual Ed Link stock to VYON shareholders of record as of December 21, 2007. The company expects the pay date to be on or before January 10, 2008.The VELI dividend shares are not registered, and as such will bear a restrictive legend.

Virtual Ed Link Inc has filed for a symbol and CUSIP change with the appropriate agencies, and expects the current symbol for Virtual Ed Link to change in the near future.

John Bay, CEO and president of Viyya, said: "The stock dividend distribution represents our Board's thanks for the support shown to our company by Viyya's thousands of shareholders. We expect their continued support will also be rewarded as VELI's School Safety Management System becomes a standard solution in schools and colleges across the U.S."

Bay added: "It's important to recognize that Viyya's core technology is the engine that powers the SSMS. We expect that fact will enhance Viyya's value as a creator and developer of intelligence management applications for internet search, retrieval, and data dissemination. Viyya's capabilities are unmatched in today's Web 2.0 collaborative environment."

As previously announced, in the terms of the share exchange agreement, VELI will assume approximately 98% control interest of Virtual Ed Link Inc. 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), Tim Brock (President of The Atlantic Companies), Joseph Forese (COO of Viyya), and Dr. Alan R. McCartney (Director of Marketing for VELI).

About Viyya Technologies

Viyya Technologies (PINKSHEETS: VYON) is the developer and marketer of the world's most advanced, Web 2.0 information management application. Viyya's proprietary XScipt extraction engine, used in conjunction with RSS feeds and today's popular search engines from Google, Yahoo; AOL, MSN, and others, provides Viyya users with a level of information management not available from other vendors. Viyya has assembled the tools that allow individuals to turn "Information Overload" into customized personal and business intelligence, empowering them to automate and manage their Internet information through trusted and open sources. Viyya provides easy-to-use filtering, parsing, and notification techniques for the maximum information impact, while storing information for quick, easy, effective retrieval. For additional company information, please visit www.viyya.com.

About Virtual ED Link

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. The School Safety Management System (SSMS), through VELI, is web-based and can be accessed any-where. SSMS can be customized for the particular school or college in which it is being implemented. Basic guidelines, rules and procedures, and general notifications are embedded as defaults, or the school can install its own.

Legal Notice Regarding Forward-Looking Statements

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance; they are only predictions and may differ materially from actual future results or events. Viyya disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors -- including but not limited to risks associated with changes in general economic/business conditions (including in the IT and financial information industries), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies -- could cause actual results to differ from those contained in forward-looking statements.

Contact Information

  • Contact:
    Investor Contact:
    Joseph Forese
    973.228.8600