Viyya Online Shareholder Meeting Webinar a Resounding Success
04 Settembre 2008 - 4:06PM
Marketwired
Viyya Technologies Inc. (PINKSHEETS: VYON), the developer and
marketer of the world's most advanced, web-based information
management application, announced today the rewarding feedback from
the August 30 shareholder meeting webinar, held on Saturday at 11
a.m. EDT. Invitations to shareholders were seized upon, and
shareholder attendance was the largest so far.
Because of its widespread success, Viyya management will
continue the shareholder meeting series on an every two week
schedule. The next webinar is planned for Saturday, September 13,
the time to be announced later.
Viyya's purpose for the sessions is to communicate with all
shareholders the strategies and progress of the company, and to
demonstrate the Viyya proprietary technology so all of the
company's shareholders can understand what VIYYA is and what VIYYA
does. Further, to explain the company's pre-eminent position in the
perspective of users worldwide to be the "Masters of
Information."
John Bay, president and CEO of Viyya, pointed out that
continually expanding availability of online content currently is
estimated at almost 100 billion pages (Google and others). In
addition, it is estimated that by 2013 content will expand to -10
to the 18th power -- i.e. 10 quintillion pages, a preponderance of
available data that boggles the mind. Viyya's foresight and vision
of the internet world to come led to the company's 4 year program
of design and creation of the VIYYA capabilities to extract,
filter, archive and distribute data from the web and turn it into
intelligence, with the user's needs, interests, and data
selectivity at its core, and efficiency, automation, and time
saving as the goals.
As promised, Bay spent a part of the session answering questions
received from shareholders, some from management's ongoing dialog
with them, and others from shareholders present on the webinar.
President Bay shared information that identified expected
contract closings. Estimates of laptop and netbook market sales for
the next 3 to 5 years are projected at hundreds of millions of
units. Viyya expects to be on approximately 50% of those units. Mr.
Bay also identified the "lineup of partners," carriers and others,
from whom revenues are expected to begin in September and continue
into Q4 of 08 and all of 09.
For those shareholders who asked about marketing plans
(attracting the attention of buyers) Bay explained that Viyya has
contracted with an affinity marketing group from California, has
contacts in the business magazine industry to write about the
company, will put blog advisories out, and is using the widest
distribution wire service. All are geared toward attracting the
attention of potential partners and customers for the Viyya suite
of products.
In answer to a shareholder query asking if the Viyya application
can be bought at a discount, Bay answered that is not possible, but
that management would honor any shareholder offer to take part in
the upcoming beta phase, and thereby have access to and the use of
Viyya for an extended period.
As expected, shareholders asked about the company plans to go to
the OTCBB. Bay's response covered those expectations as well as the
issue of company financials. It is estimated that the process for
entry to the OTCBB will take 4 to 6 months, much of the time not
Viyya controllable because of SEC processing procedures. Viyya has
begun the process with a New York City SEC Auditing firm which has
started guidelines for valuation of Viyya's intellectual property
asset. That process may cost $40 to $50k. Until completion of the
valuation, issuing financials could be misleading, since initial
estimates of Viyya's IP assets show them undervalued and needing
upward adjustment. Management hopes to finalize a schedule by the
end of Q4 that will provide dates certain for subsequent stages in
the process.
To a question about other revenue initiatives, Bay responded
with a summation of the ongoing testing and marketing preparation
Viyya has had underway with all the carriers and equipment
providers named in previous correspondence, the largest and most
respected in the U.S., and in Europe as well. In addition, the
previously announced Homeland Security agreement is expected to be
completed in September as a multi year contract.
Viyya management has received praise and encouragement from
shareholders who have experienced the webinar meetings. With his
approval, we are publishing this email from shareholder Floyd
Mireles of Chester, Virginia:
"To John and Joe, It is with humble gratitude that I'd like to
thank all of you for taking the time to provide investors with
yesterday's web conference and product demonstration. Once again
Viyya continues to prove to me that you do care about us. I
consider myself very fortunate to have invested in Viyya as well as
Virtual Ed Link and I look forward to seeing your vision come to
fruition."
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 jforese@viyya.com telephone 973 276 0555
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