WEST CALDWELL, N.J., Nov. 9, 2004 (PRIMEZONE) -- Viyya Technologies, Inc. (Pink Sheets:VYON), a technology company that has developed and will market what may be the world's most advanced, web-based information management application, announced today that VIYYA(tm) Version 1.7, with XCavator(tm) technology, has received extremely positive feedback from beta test participants and significant interest from potential buyers as the company prepares for full market release of the product by the end of this month.
VIYYA(tm) 1.7, with XCavator(tm), provides end users searching the Internet with the unique ability to fully automate the process of collecting, analyzing, delivering and storing data relevant to the particular end user's needs. VIYYA(tm) users can have a "Virtual Internet Assistant" search the Internet "while they sleep," retrieve desired relevant information, and process it for convenient later review and analysis. For desired information that changes continuously over time (i.e. stock market reporting), the user can set VIYYA(tm) to search and retrieve at pre-selected intervals, allowing him or her to obtain the most current data, and to apply their time more effectively to other tasks.
Viyya begin deployment of its VIYYA(tm) "Virtual Internet Assistant" to a pre-defined group of consumer end-users at the end of October. Marking the beta phase of the product's rollout, select users participated in a 30-day trial during which a series of minor enhancements to the software were completed. The company has received very favorable reviews on the VIYYA(tm) product and a number of queries from potential buyers and partners.
"Internet users are battered by information overload, and bound by the cumbersome manual process of filtering out what is relevant and what is not," said John Bay, CEO of Viyya Technologies. "Existing applications have not met this challenge. VIYYA(tm) makes the accelerated search, retrieval, analysis, and storage process, a reality by dramatically automating it."
VIYYA's(tm) latest release incorporates two key differentiators:
-- VIYYA(tm) is the only true management tool specifically designed
for Internet Content Integration (ICI), at an end user level.
The end user collects, processes, displays and stores
information relevant to his/her needs.
-- VIYYA(tm) is the only true application that keeps the end user
in control of his/her own destiny. Internet portals and content
aggregators push the user to data THEY want to see. VIYYA(tm)
allows the end user to retrieve data THE END USER wants, without
interference or advertising.
The end user's immediate benefits from using the VIYYA(tm) product include:
-- A 20 to 40 percent savings in time spent searching the web --
time that can be spent more productively elsewhere.
-- A preset reading and analysis of data from the web, based on user
specification, with redundant, irrelevant data eliminated.
"Research shows that the regular Internet user spends more than 26 hours a month in web search activity," Bay continued. "Now, a significant portion of that time can be invested productively on other tasks."
About Viyya Technologies
Viyya Technologies (Pink Sheets:VYON) 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, 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. Viyya Technologies began trading on the OTC Pink Sheets under the ticker symbol VYON on September 8, 2004. For additional company information, please visit www.viyya.com.
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.