VRYA Viryanet Ltd. (MM)

ViryaNet (NasdaqSC: VRYA), a leading provider of integrated mobile and Web-based software applications for workforce management and field service delivery, announced that it will sponsor and exhibit at the Retail Store Development Conference, held this week, October 23-25, at the Omni Hotel in San Francisco, CA. The Retail Store Development Conference, focusing on today's competitive market conditions, will include topics on demographics, financing, strategic planning, real estate, store location, new formats, and operational efficiencies. The conference is conducted by the Food Management Institute, an organization that serves the needs of food distribution and related business, including grocery wholesalers and retail supermarkets. The three-day conference also will provide delegates hands-on experience with ViryaNet Service Hub for Retail, which accommodates a full range of workforce activities, from the receipt of the service request; to optimized scheduling, deployment, and monitoring of service staff; to the collection of vital service data in real time; to the closing of the work order. ViryaNet Service Hub for Retail is a comprehensive mobile workforce management software product that includes enterprise scheduling, SLA management, field parts logistics, and mobile activity reporting. The product is used by such retail organizations as Publix, News America Marketing, and others to automate and better manage their facilities maintenance operations. "In a very competitive marketplace, controlling facilities costs is critical to the success of grocery retail chains," stated Glenn Martin, vice president, retail practice, ViryaNet. "Service Hub for Retail's ability to 'push' information to internal and contractor workforces, receive instant updates on progress, determine customer entitlement terms and parts availability, and close work orders means a positive impact on any retail organization's margin-conscious bottom line." About ViryaNet ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's flagship product, ViryaNet Service Hub, combines the power of the Internet, the freedom of wireless technologies, and the resources of ViryaNet's deep service expertise to help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management. Customers in the retail, utility, and telecommunications industries use ViryaNet Service Hub to transition complex service business processes into a manageable, scalable Internet operation, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction. 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 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.