Viyya Technologies Outlines Future Vision and Objectives; Letter to Shareholders from Viyya CEO John Bay
March 06 2006 - 8:00AM
Business Wire
Viyya Technologies, Inc. (Pink Sheets: VYON), the developer and
marketer of the world's most advanced, web-based information
management application, announced today that Viyya CEO John Bay has
issued a letter to VYON shareholders. The text of the letter
follows: I am writing to update you on developments since our last
press release in the fall of 2005. We are in the process of making
considerable investments in the future of our company and I would
like to describe these investments and the payoff expected from
them. Let me begin by telling you about the proposed iConcepts
acquisition. This past January, by mutual agreement, we decided not
to pursue the formal merger of our two companies. Rather, Viyya
Technologies will pursue the acquisition of various Intellectual
Property assets from iConcepts as well as target the signing of a
joint marketing and development agreement in Q1 2006. This two step
process will provide us with the components necessary to move
forward in the lucrative Business Intelligence marketplace and
provide the company with an additional revenue stream. As you may
know, the Business Intelligence and Knowledge Management markets
are soaring and we at Viyya Technologies believe that we have the
necessary products, tools and services to become a market leader.
We have spent the past six months refining our vision and planning
the following activities for the upcoming year. First, we will
continue with the growth of our core technology solution -
VIYYA(TM). We truly believe there is no better technology available
today for information extraction, processing, dissemination,
distribution and management. We will focus our efforts on VIYYA(TM)
as a product in the general consumer and corporate portal markets
with an eye on changing our business model to adapt to the Internet
business model of advertising based revenues. We are currently in
discussions with various Internet advertising companies and hope to
release in this new version mid-year. Second, we will continue to
develop the technological advancements of VIYYA(TM) by
incorporating changes that provide a "service" based solution and
conform to today's robust Service Oriented Architecture (SOA). This
advancement will foster interoperability with other technologies,
products, services and client web portals thus opening the door for
alternate and additional revenues. Third, in order to continue our
path of leading-edge product development, we must have world class
technologists on our staff to make critical architectural and
developmental enhancements to the product line. Later this quarter,
we will announce the addition of a new Chief Technology Officer,
capable of taking us to the next step in our corporate development.
Fourth, we will begin the campaign of pursuing various vertical
markets with joint marketing, product development, and asset
acquisition agreements in the Homeland Security, Fortune 1000 and
Government arenas. These new products and alliances will position
our company to provide technology solutions to Federal, State,
County and Local government agencies as well as generate
opportunities in large, multiple-location Fortune 1000 companies in
the United States and abroad. Lastly, Viyya Technologies needs to
become more visible to potential clients and investors. As such, we
will be entering into a variety of relationships with public
relations and marketing organizations. The first step will be the
release of a new website slated for March 2006. This site will
outline our new vision and corporate transformation into a
multi-faceted product company. I believe Viyya Technologies and its
shareholders are in the right place at the right time. Never before
in history has the process of transforming information into
intelligence been as critical. The Internet has made billions and
billions of pages of data available at everyone's fingertips. The
objective moving forward is to make the information relevant and
timely - to automate the process and deliver information to the
right people at the right time. We currently have the technology
and vision to make that happen! I am personally committed to
building a great company, providing increased shareholder value and
making Viyya Technologies a success for all involved. I will keep
everyone updated by providing additional letters and press releases
to the media or by posting events on our website at www.viyya.com.
In addition, please feel free to call me at 973-226-6646 at any
time. Thank you again for your continued support, loyalty and
interest in our company. Sincerely, John Bay, President & Chief
Executive Officer About Viyya Technologies Viyya Technologies (Pink
Sheets: VYON) is the developer and marketer of the world's most
advanced, web-based information management application. 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(TM) 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. 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 could
cause actual results to differ from those contained in
forward-looking statements, including, but not limited to risks
associated with changes in general economic/business conditions
(including in the information technology and financial information
industry), 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.
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