VYON CurrentC Power Corporation (PK)

Viyya Technologies, Inc. (Pink Sheets: VYON), the developer and marketer of the world's most advanced, web-based information management application, announced today that John Bay, CEO and founder of Viyya, has issued a letter to VYON shareholders, in which Bay reports on recent company milestones and outlines management objectives for the next 90 days. The text of the letter follows: I am writing today to update you on company developments over the past three months and set forth our vision for the next 90 days. First and foremost, I am delighted to report that we have successfully achieved all of the major objectives outlined in my previous letter to you in March. You may recall that in order to continue our path of leading-edge product development, the addition of a new Chief Technology Officer was among our principal objectives this quarter; and last month, we announced the hire of world-class technologist Richard M. Perine, an accomplished IT professional with substantial law enforcement and private sector experience, as Viyya's new Chief Technology Officer and Chief Information Officer. With a background that includes more than 20 years of technology development for the New York City Police Department as well as work as a consultant, systems architect, and lead developer for both private and publicly held companies, Richard brings the expertise to make critical architectural and developmental enhancements to our product line. Second, we indicated we would pursue the acquisition of various Intellectual Property assets as well as target the signing of joint marketing and development agreements to move forward in the lucrative Business Intelligence marketplace and provide the company with additional revenue streams. In March, we entered into an agreement with iConcepts, Inc., whereby Viyya will customize iConcepts' successful eDocNavigator(TM) software to suit the unique needs of the security industry. Under the terms of the agreement, Viyya also will rebrand and resell the solution as Viyya eDocVault(TM). In April, Viyya announced the acquisition of the Security Operations Portal from SaraX Software. This software allows organizations to quickly and cost-effectively implement a viable IT solution that immediately enables security and intelligence throughout an entire enterprise, delivering critical, focused, real-time intelligence to management and key executives. The Security Operations Portal already is being implemented by Major League Baseball to improve the security of both information and personnel at all 30 major league ballparks in the United States. In May, Viyya entered into a strategic agreement with Homeland Security Network, Inc. (Pink Sheets: HSYN), whereby Viyya will serve as a reseller of Homeland Security Network's iTrax global asset tracking and remote theft prevention solution and bundle the iTrax Technology with its Security Operations Portal. iTrax combines GPS tracking capability with a web interface in one simple device, providing single-point access to safety and convenience features that eliminate the need for third-party involvement and represent considerable advantages over current GPS products and location-based services. Finally, we reinforced our commitment to growing our core technology solution - VIYYA(TM) - and reported that we would enhance our development efforts to adapt to the Internet business model of advertising-based revenues. Last month, we leveraged one of the Internet industry's most highly anticipated events, ISPCON, to unveil our prototype service for content aggregation and content management for the ISP marketplace. The new offering is the industry's first premium service platform dedicated exclusively to the customization and personalization of end user content, and our sales teams are now engaged in preliminary discussions with various potential resellers and licensees. Over the next 90 days, Viyya intends to solidify and bolster our operations, support, sales and marketing functions as we prepare for a host of product releases, some in tandem with ISP partners. We plan to initiate sales efforts in support of all Viyya portfolio products and expect to begin generating revenues from all product lines. The Security Operations Portal and core VIYYA(TM) engine will serve as our foundation technologies as we expand into various vertical markets that desperately need to manage the dissemination of information to clients and employees. Our management team is genuinely committed to building a great company and creating considerable shareholder value over the long term. In the spirit of providing our investors with timely and accurate information, you can expect regular updates in the form of additional letters, press releases, and postings on our website at www.viyya.com. 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. "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 changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements.