SOURCE: Viyya Technologies

December 18, 2007 09:33 ET

Viyya Technologies: Closing the Year With a Bang!

FAIRFIELD, NJ--(Marketwire - December 18, 2007) - Viyya Technologies, Inc. (PINKSHEETS: VYON), the developer and marketer of the world's most advanced, web-based information management application, reports year-end revenue generation and states that the company is poised for even greater growth in 2008. The Company is also identifying that strategic partnering has been strengthened in a number of areas to support the projected growth and that VELI is operationally performing and ready for the dividend shares on the December 21st, 2007 date of record.

The Viyya business model has been effectively launched in a number of revenue producing vertical markets in which agreements have been signed with new customers, with established strategic partners, or with licensed strategic resellers. These contracts frequently include an upfront fee paid by the client for the software customization and monthly recurring revenue that's charged to an end-user based on activation that continues for the life of the contract.

As recently reported, new Viyya customers and strategic relationships involve the New York political campaign committee, a school board group in New York State, the National Association of Fire Marshals (NAFM), an NDA with mPortal pertaining to applications for the ISP and wireless providers, the Department of Homeland Security, and an LOI to be signed by year end with a national Homeland Security integrator.

Viyya management states that depending upon final software configurations for these clients, it's expected that upfront revenues should equal $50,000 - $100,000. The 2008 annualized recurring revenue from these client organizations is projected to reach the multi-million dollar level based on end-user activations with initial monthly recurring revenue beginning in January 2008.

Each of these customers will contractually utilize the VIYYA™ core product applications of automated internet data aggregation and archiving and data dissemination, similarly to the school districts implementing the School Safety Management System through the Viyya subsidiary, Virtual Ed Link Inc. (VELI).

Thus, Viyya management has been able to successfully deploy its core product in the newly formed VELI subsidiary as well as across other strategically targeted vertical markets in providing solutions to a significant number of hot business opportunities in the school safety, security, and disaster preparedness application.

In regards to VELI, new customer and strategic relationships that can be counted are the beta site implementation at Mechanicville, New York, a contract signed last week with the South Colonies school district in New York, a Letter of Intent with a firm whose client base represents nearly 50% of all of the Technical and Community Colleges in the U.S. and two pending contracts with colleges that are due in the first quarter of 2008. VELI management is projecting 2008 revenue of $3 million in its first year of operation.

Finally, Viyya management wants to remind all Viyya shareholders that the 4 for 1 stock dividend (four shares of Virtual Ed Link, Inc. stock for each Viyya share owned) will take effect at the close of business, December 21, 2007 -- which is known as the date of record for a Viyya shareholder in being able to receive the four shares of VELI stock. Distribution of the VELI stock is scheduled to occur in January 2008.

John Bay, CEO of Viyya, said: "We are pleased to address our revenue accomplishments and new customer contracts, the VELI subsidiary, and other relationships formed as part of our very exciting 2007. We are on target to achieve our 2008 business growth objectives as we continue to deliver world class solutions to the marketplace and increased shareholder value. We are extremely gratified to know that our customers are thrilled with our product and we look forward to many more implementations in 2008 and beyond."

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 XScipt 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.

"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, actions of our competitors, the extent to which we are able to develop new services and markets for our services, and changes in our business strategies -- could cause actual results to differ from those contained in forward-looking statements.

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