Viyya Technologies CEO Reports on Company Activities
31 12월 2008 - 12:02AM
Marketwired
Viyya Technologies, Inc. (PINKSHEETS: VYON), the developer and
marketer of the world's most advanced, web-based information
management application, announced an update from John Bay on
progress relating to activities from 2008 and plans for the
Internet Search and Discovery marketplace in 2009:
Let me begin by apologizing to all shareholders for the lack of
information and press releases the past few months. Since our
inception, it has been company policy to report information quickly
and precisely but the past few months have seen changes in every
business throughout the world and we are no exception.
The market downturn has affected Viyya and its ability to
provide financial and programming resources to each line of
business. We have been forced to spread our existing staff over
multiple large projects rather than fortifying our development
efforts with new staff from funding. So over the past 90 days,
management has formulated a revised game plan along with major
priorities for the company moving forward.
First, we will continue to customize VIYYA(TM) and build the
VIYYA Information Store with Xandros in the NetBook marketplace.
This contract will provide a lucrative revenue stream especially
with VIYYA's new advertising based model coming in 2009.
Second, we will continue to customize and test VIYYA with
carriers worldwide as mobile data revenues now eclipse 20% of the
operators' total revenue. We will focus on those carriers
concentrating on the concept of "Mastering of Information." This
term looks to information as a core aspect of Internet usage and
the VIYYA platform fits perfectly within the market, both from an
application and platform perspective, especially with the release
of our Information Store.
Third, we will continue our development of smartphone
applications as we have for the Apple iPhone, Research in Motion
Blackberry and Samsung Omnia devices. Smartphones are one of the
few areas of projected growth in 2009. In fact, Fierce Wireless
projects that the North American market is one of the fastest
growing smartphone markets in the world with a second quarter 2008
increase of 78.7%.
These three core business segments have utilized all of our
resources -- especially in the design of both the Information Store
and the new, "free-to-end-user" advertising model. We will release
more on these two important strategies after the first of the
year.
Lastly, we will continue efforts in the campus security sector
but under a new structure. Rather than staff up ourselves, we will
be utilizing third party partners that already have made an
investment in sales and marketing, and already have a user base of
clientele.
These have been our priorities and the smaller,
resource-consuming contracts with many NY State agencies will not
be target markets in 2009. These have proved to be very long sales
cycles and the recent economic downturn has forced major statewide
budget cuts, all but closing this marketplace for the foreseeable
future.
The strategy we began to employ in September will not bode well
for our 2008 revenue projections but will assure all shareholders
that Viyya will be here in 2009 and beyond with a core set of
applications and technology second to none in lucrative and tested
markets.
We expected to generate revenue from these smaller NY State
opportunities during the second half of 2008 and to use this period
as our springboard for achieving substantial growth in 2009.
Unfortunately, the economic conditions have not been kind to us and
we will begin our revenue generation in 2009 with the
implementation of the strategies described above.
As always, we thank our shareholders for their support of our
company and we pledge that your support will be rewarded in the
near future.
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: Joe Forese COO 973.276.0555 jforese@viyya.com
www.viyya.com
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