Viyya Technologies CEO Reports on Company Activities
May 29 2008 - 10:49AM
Marketwired
FAIRFIELD, NJ , the developer and marketer of the world's most
advanced, web-based information management application, announced
an update from John Bay on activities relating to sales and
distribution of VIYYA 2.0, the industry's first service platform
dedicated exclusively to the customization and personalization of
end user content.
Viyya management indicates that discussions, presentations,
demonstrations, and/or product testing are in process with Deutsche
Telecom, Microsoft, Orange, Research in Motion, Samsung, Verizon
Wireless, several MVNOs, and Xandros. Viyya's management team is
now engaged with these companies to establish arrangements that
will have the companies supporting Viyya as potential resellers
and/or in software licensing programs. Each of the companies
involved with Viyya has agreed to disclose appropriate details once
contracts have been executed.
"The Broadband and Wireless data services marketplace is
continuing to explode and VIYYA 2.0 is at the epicenter of the
growth," said Bay. "We are perfectly positioned in the market and
we expect closure on some of these opportunities between now and
the next sixty days. A number of the companies involve sales cycles
that have been as long as two years but the fruits of our labors
are now at hand."
These companies represent the market acceptance of the Viyya
product line as it coincides with the mobility industry shift from
voice to data applications. These companies have been thrilled with
the power of the application, its uniqueness, value, and recurring
revenue capabilities of the Viyya product line.
Viyya management points out that the market size of the
aforementioned companies equals hundreds of millions of users and
that negotiations underway with one of the companies for example,
consists of embedding the Viyya product with a licensing mechanism
that would create a means to generate revenue on a monthly basis of
between $1.99 to $9.95 per month per user depending on the software
version purchased by the end user.
Bay states, "We're working with management from these companies
to develop revenue projections based on various market factors.
These companies believe that the Viyya software compliments their
desire to push more information to end users and for the end users
to be able to have a tool to effectively manage this
information."
For our company and our shareholders, Bay concludes, "We're
expecting to generate revenue from these opportunities during the
second half of 2008 and to use this period as our springboard for
achieving over $10 million of revenue in 2009 with year over year
growth at 50% until 2011."
About Viyya Technologies
Viyya Technologies (PINKSHEETS: 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: "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.
Contact: Joseph Forese COO 973.276.0555 jforese@viyya.com
http://www.viyya.com
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