VRYA Viryanet Ltd. (MM)

ViryaNet (Nasdaq: VRYA), a leading provider of solutions that automate business processes for mobile workforce management and field service delivery, today announced that the Las Vegas Valley Water District (LVVWD), a not-for-profit agency that provides water to the Las Vegas Valley, and is one of the fastest growing water districts in the Southwest United States, has successfully deployed ViryaNet's Solution for Utilities to optimize the scheduling and management of its field service organization. The LVVWD provides water services to more than one million people in Southern Nevada. The LVVWD has rolled out ViryaNet's Solution for Utilities to approximately 200 field service technicians across a vast service territory and within multiple divisions, including meter services, customer service, distribution, fleet services, and facilities maintenance. ViryaNet's Solution for Utilities, complemented with technicians using mobile devices, has enabled the LVVWD to better schedule and dispatch its field technicians to the right place at the right time with the right information, using such criteria as proximity to job, skills and capabilities, work order type, and needed parts. ViryaNet's Solution for Utilities consists of several solution components, including call taking, schedule and dispatch functionality, workflow, field-based mobile support, and powerful integration software. For the LVVWD project, ViryaNet's Solution for Utilities was integrated with the Oracle / PeopleSoft and Advantis products. "In this aggressively competitive marketplace, improving the customer experience while reducing operational costs have become the hallmark for business success," stated Memy Ish-Shalom, president and CEO, ViryaNet. "We're pleased with the success at the LVVWD, and look forward to a long and successful relationship." About LVVWD The LVVWD is the largest water provider in Southern Nevada, supplying water to more than one million people in Las Vegas and unincorporated Clark County. For more information, visit the company on www.lvvwd.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 utilities, telecommunications, retail, insurance, and general service sectors to manage and optimize mission critical business processes, resulting in increased service revenues, decreased service costs, and maximized customer satisfaction. The 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. Visit ViryaNet at 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 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. 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