VYON CurrentC Power Corporation (PK)

John Bay, CEO and founder of Viyya Technologies, Inc. (Pink Sheets: VYON), the developer and marketer of the world's most advanced, web-based information management application, issued a letter to VYON shareholders this morning. The text of the letter follows: Now that this year is drawing to a close, it is appropriate to look back at 2006 in light of the visions and objectives outlined in our March letter to shareholders and assess our progress as a company. We have made considerable investments in the future of our company, and we�d like to describe each investment and the payoff received or expected from each. Let me begin by telling you about the proposed acquisition of SaraX Software. This past fall, after examining the total cost of ownership, we decided not to pursue the formal acquisition of this company. The primary reason was cost of ownership with related payouts approaching $5,000,000; in the opinion of management, this would have been too much strain for our growing company. Rather, Viyya Technologies has pursued the acquisition of various intellectual property assets from other organizations. This process will provide us with the components necessary to move forward with our vision without straining our cash resources. The Business Intelligence and Knowledge Management markets continue to soar, and now more than ever, we at Viyya Technologies believe we have the necessary products, tools and services to become a market leader. We have spent the past nine months building on our vision, and we are proud to provide you with the following results: First, we continue to grow and improve our core VIYYA� technology solution. We believe there is no better technology available today for information extraction, processing, dissemination, distribution and management. Our proprietary XScript� technology stands in a class by itself and is the core extraction utility in the VIYYA� process. This growth has been accomplished with three versions of VIYYA� � VIYYA� Professional, VIYYA� for the Enterprise and VIYYA� for the ISP/Portal Provider. VIYYA� Professional is currently being released for beta testing through our website with the production release and revenue generation scheduled for late January 2007. VIYYA� for the Enterprise and VIYYA� for the ISP will follow in February. We currently are releasing the products to more than 25 ISPs and Enterprise customers for beta and product evaluation. We believe revenue will be generated late Q1/07 and we anticipate a major, positive response. The customers for these releases have been following the product through the two ISPCON Shows our company attended in 2006 � Baltimore in June and Santa Clara in November. A white paper has been authored and is now available on the Viyya website describing the three products and their respective functionalities. Second, we developed technological advancements in VIYYA� by incorporating enhancements that provide a �service� based solution and conform to today�s robust Service Oriented Architecture (SOA). This objective has been accomplished with the current release of VIYYA�. VIYYA� now runs as a service for consumers or on a server for ISP�s or enterprise/corporate usage. We are currently in discussions with advertisers and are evaluating the implementation of a new business approach to adapt to the Internet model of advertising-based revenues. Third, our path of leading-edge product development was dependent on the world�s leading technologists, and we continue to enhance our staff with more world class talent from the United States and Europe. We currently have five such consultants onboard � each with a prime expertise, guiding us down the right path with the right technology. A good example of this development is the current release of the VIYYA� Intelligence Portal or VIP. The VIP brings together all of the components of our technologies into one unique and innovative portal environment, including document imaging, retrieval, storage and management. Fourth, we began a campaign to pursue various vertical markets such as Homeland Security and Government, Fortune 1000 and the ISP arenas � and each area has begun to blossom. The sales cycle on large engagements for our products is approximately six to 12 months. We anticipated the cycle to begin Q4/06 and it has already begun with the contract from NJ Department of Human Services. We believe we will have one or two more contract announcements this quarter, and we currently have a pipeline of more than 100 opportunities in the three vertical target markets. Some opportunities have the potential of up to $750,000 per year in recurring license revenue while others, such as the ISP market, would be based on the number of licensed users per ISP; the ISP opportunities may range from 1,000 to 5,000,000 users per ISP. Fifth, Viyya Technologies committed to become more visible to potential clients and investors. We again delivered on this promise and entered into a variety of relationships with public relations and marketing organizations. We also released a new website in October to more accurately reflect the vision of our management team and Viyya Technologies� corporate transformation into a multi-faceted, multi-product company. Lastly, we believe Viyya Technologies and its shareholders are still in the right place at the right time. Our additional goals for technology in 2007 will be described in future press releases as will our sales contract closures. As with all businesses, there comes a time for the �rubber to meet the road� � for Viyya, 2007 is that time! We hope to become profitable and generate $2 million to $4 million in revenue through 2007. We believe we have the tools and products available to transform information into intelligence, as well as the management team with the skill and commitment to get the job done. We are all personally committed to building a great company, providing increased shareholder value and making Viyya Technologies a success for all involved. We 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 973-795-1310; I am always available to answer any questions you might have about the company. 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� 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: "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 these, 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.