VRYA Viryanet Ltd. (MM)

ViryaNet Limited (Nasdaq: VRYA), a leading provider of software applications that automate business processes for mobile workforce management and field service delivery, today announced that its customer conference, ViryaVision '06, will be held during October 22-25 at the Wyndham Orlando Resort in Orlando, FL. The three and a half day ViryaVision '06 will feature interactive, content-rich presentations, workshops, and industry focus forums -- delivered by international leaders (analysts, customers, and technology partners) who will discuss their best practices, value realized, and vision of opportunities within the mobile workforce management market. The conference, conducted for ViryaNet's worldwide customers, will cover an array of important topics for all staff, such as senior-level executives, including vice presidents of service; service personnel, including managers, dispatchers, and field staff; technology officers and IT managers; and configuration specialists and system administrators. The conference agenda consists of educational and business tracks for the various constituents. ViryaVision '06 also will provide a timely opportunity for current and prospective ViryaNet users to learn about latest product capabilities, witness new product demonstrations, and influence upcoming product releases from ViryaNet. A special partners' fair, conducted throughout the entire event, will enable attendees to meet with ViryaNet's strategic technology and business partners, and learn more about their offerings. "Our attendees will gain real business benefits from this event," stated Memy Ish-Shalom, president and CEO, ViryaNet. "Our team, consisting of ViryaNet staff, customers and partners, will present case studies, discuss productivity improvements, demonstrate market specific solutions, and review industry best practices. All will greatly benefit." For more information, visit www.viryanet.com, or send an e-mail to jack.mcavoy@viryanet.com. About ViryaNet ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's products enable companies in the utility, telecommunications, retail, insurance, and general service sectors to manage and optimize mission critical business processes. The results are increased service revenues, decreased service costs, and maximized customer satisfaction. ViryaNet's robust set of applications help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics, and depot repair management. The company's Web address is www.viryanet.com. Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding ViryaNet's expectations, beliefs, intentions, or strategies regarding the capabilities of its products, its relationships with its customers, its customer purchases, its future operational plans and objectives including integration of other businesses, its future business prospects, its future financial performance, its future cash position, and its future prospects for profitability. All forward-looking statements included in this document are based upon information available to ViryaNet Ltd. as of the date hereof, and ViryaNet Ltd. assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to ViryaNet's business include market acceptance of and demand for the Company's products, risks associated with a slow-down in the economy, risks associated with the financial condition of the company's customers, risks associated with competition and competitive pricing pressures, risks associated with increases in costs and operating expenses, risks in technology development and commercialization, the risk of operating losses, risks in product development, risks associated with international sales, and other risks that are set forth in ViryaNet's Form 20-F, dated July 15, 2005, and the other reports filed from time to time with the Securities and Exchange Commission. Reported results should not be considered an indication of future performance. You should not place undue reliance on these forward-looking statements, which speak only as the date hereof. ViryaNet disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.