Viyya Technologies to Unveil Real-Time Online Advertising-Based Solution; Online Advertising Grows to a Record $12.5 Billion in
July 10 2006 - 9:39AM
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 it has completed the
design and development of an advertising-based content aggregation
solution aimed at the ISP and web portal marketplace. Based on the
company's core VIYYA(TM) technology, the flexible solution would
act as a service for ISP's, web portals and content providers, and
will provide its distributors with an additional revenue stream
based totally on the lucrative online advertising industry. It
incorporates all of the customization and personalization
functionality of the core VIYYA(TM) product while allowing the
distributor to populate VIYYA(TM) with proprietary data feeds and
content for its constituents. As the end user customizes
information, Viyya will work with advertisers for ad placements and
insertions relevant to end users' needs and requirements. "We have
long waited for the online advertising industry to catch up with
our technology to deliver ad placements that are in-line with end
user preferences," said Viyya CEO John Bay. "All of the big names
and Internet success stories -- Google, Yahoo and others -- have
utilized the online advertising revenue stream as a foundation for
their financial accomplishments." According to a study published
this past April by the Interactive Advertising Bureau and
PricewaterhouseCoopers, Internet advertising revenues grew to a
record $12.5 billion in 2005, exceeding 2004 revenues by 30
percent. Continuing a trend of quarter over quarter growth, the
companies then reported in May that Internet advertising revenues
reached a new record of $3.9 billion for the first quarter of 2006,
representing a 38 percent increase over Q1 2005 at $2.8 billion and
a 6 percent increase over the Q4 2005 total of $3.6 billion.
Search, classifieds, display, and rich media advertising, all of
which are utilized by VIYYA(TM), continue to grow at a healthy
rate, contributing to 2006 revenues that are projected to exceed
$16 billion. "Viyya will be one of the first companies to integrate
real-time contextual online advertising for a web based
application," added Bay. "We will be truly breaking new ground with
a new VIYYA(TM) product this fall!" 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 http://www.viyya.com. Legal Notice:
"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this release.
These statements relate to future events or financial performance;
are based on current expectations/projections about Viyya and its
industry; and may differ materially from actual future results or
events. Such words as "expects", "believes", and "anticipates" are
intended to identify these statements. Viyya disclaims any
intention or obligation to revise any forward-looking statements
whether as a result of new information, future developments or
otherwise.
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