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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