IVI Communications and Viyya Technologies Sign Multi-Million Dollar Strategic Marketing Agreement
October 26 2004 - 9:31AM
PR Newswire (US)
IVI Communications and Viyya Technologies Sign Multi-Million Dollar
Strategic Marketing Agreement Companies Sign Three Year Agreement
for Internet Content Management Services LOS ANGELES and WEST
CALDWELL, N.J., Oct. 26 /PRNewswire-FirstCall/ -- IVI
Communications, Inc. (Pink Sheets: IVCM) and Viyya Technologies
Inc. (Pink Sheets: VYON) announced today that they have signed a
Strategic Marketing Agreement in which IVI Communications will
market, sell, and distribute the VIYYA(TM) software application to
all of their subscribers across the country. According to the terms
of the agreement, IVI Communications and their subscribers will
receive the full availability of the feature functionality of
VIYYA(TM); the world's most advanced web based content management
application including XCavator(TM), a tool that "reads" the
Internet similarly to the human mind. VIYYA(TM) software platform
will be immediately available to IVIC subscribers to assist in the
management, personalization and customization of their high speed
Internet access. IVI Communications will receive 50% of the revenue
generated from the Viyya Technologies software that is priced on
the market at $9.95 for monthly service and $79 for a one time
annual fee. With this agreement in-place, the management teams at
IVI Communications and Viyya Technologies will jointly establish
specific software capabilities for IVIC subscribers in either
standalone or bundled price options. Each company expects that
based on IVIC's strategy for gaining fixed wireless Internet market
share and the advantages that the VIYYA(TM) content management
software will provide, that the agreement could generate over $5
million in new revenue for the companies over the life of the
contract. IVI Communications plans on offering fixed wireless
broadband services to the 12 million dial up households in rural
America. The VIYYA(TM) Internet content management software
automates the process of collecting, processing, delivering and
storing data as predefined by the end-user. IVI Communications will
market VIYYA(TM) to their subscribers as well as have licensed
access to VIYYA(TM) in using the software to power the IVI
Communications branded fixed wireless Internet portal where the
wide array of online content services will be offered. Nyhl Henson,
CEO of IVI Communications, stated that, "We are extremely pleased
to enter into this relationship with Viyya Technologies and to
pursue opportunities that give our subscribers the best service
possible. Their web based software provides IVI Communications with
an advanced technology for offering an easy to use and efficient
capability for our subscribers to manage the many content services
that we will be offering by using the power of online services."
According to John Bay, CEO of Viyya Technologies, "Our product
offers outstanding benefits to high speed Internet subscribers and
we are thrilled to be working with IVI Communications in their
desire to deliver new innovative capabilities to their target 12
million households. Nyhl and I share a similar vision in that the
ever expanding amount of information that's available over the
Internet must be provided to a subscriber with simplicity in a
customized and personalized manner, in or out of the home or
office! We plan on doing exactly that." About IVI Communications,
Inc. IVI Communications, Inc. intends to acquire, consolidate and
profitably operate locally branded ISPs offering state-of-the-art
dialup and nationally branded wireless Internet access to
residential and business customers. http://www.ivn.net/ About Viyya
Technologies, Inc. Viyya Technologies is a technology company that
has developed and is positioned to market 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, e-mail, 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. Viyya Technologies began
trading on the OTC Pink Sheets under the ticker symbol VYON on
September 8, 2004. For additional company information, please visit
http://www.viyya.com/ Safe Harbor This release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 27E of the Securities Act of
1934. Statements contained in this release that are not historical
facts may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approvals for anticipated
actions. For more information about IVI Communications, Inc. please
contact: Matt Maguire of Big Apple Consulting USA, Inc.,
1-407-884-0444 or 1-866-THE-APPLE. 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. These statements are
only predictions and may differ materially from actual future
results or events. Viyya Technologies disclaims any intention or
obligation to revise any forward-looking statements whether as a
result of new information, future developments or otherwise. There
are important risk factors that 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 and 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. For more information about Viyya Technologies, Inc.,
please contact Investor Relations: Jesus Rodriguez at
1-305-776-4535 DATASOURCE: IVI Communications, Inc. CONTACT: Matt
Maguire of Big Apple Consulting USA, Inc., +1-407-884-0444, or
1-866-THE-APPLE, for IVI Communications, Inc.; or Jesus Rodriguez,
Investor Relations of Viyya Technologies, +1-305-776-4535 Web site:
http://www.ivn.net/ Web site: http://www.viyya.com/
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