VRYA Viryanet Ltd. (MM)

ViryaNet Limited (Nasdaq: VRYA), a leading provider of software applications that automate business processes for mobile workforce management, today announced the release and availability of a powerful Business Activity Monitoring (BAM) tool called the ViryaNet Operational Dashboard. Designed for the operational manager, the ViryaNet Operational Dashboard is a business activity monitoring application that provides a real-time, "as-it�s-happening" view of relevant business information. The Operational Dashboard enables organizations to aggregate, analyze, and present information in real-time, in the context of the current day or shift. The ViryaNet Operational Dashboard, using a sophisticated core data-modeling paradigm that monitors business activity, lets managers know immediately when there is a decision to be made and provides appropriate information to make an intelligent decision. �ViryaNet knows that information is a critical corporate resource,� stated Aviram Hinenzon, Vice President of Products, ViryaNet. �Used judiciously and proactively, information provides distinct competitive advantage in our fast paced business environments. The ViryaNet Operational Dashboard allows our customers to quickly gather the right information so that they can manage exceptions, make better decisions, and evolve processes to embrace change. The result: our customers can improve effectiveness and achieve new heights of service excellence. �This state-of-the-art dashboard was designed and developed under the request of and guidance from our customers,� stated Memy Ish-Shalom, president and CEO, ViryaNet. �The product will help companies improve operational performance. ViryaNet invests significantly in its R&D, and is committed to continuously enhance its products and develop new functionality, with the primary objectives of satisfying our expanding customer base and maintaining our technical leadership in the marketplace.� Tried and Proven Products The ViryaNet Operational Dashboard is the newest module within the proven ViryaNet suite of products, installed at numerous customer sites in a diverse range of industries, including utilities, telecommunications, manufacturing, insurance, and retail. Pricing and Availability The ViryaNet Operational Dashboard is available as an add-on component to the existing ViryaNet mobile workforce management offering. The ViryaNet Operational Dashboard is available immediately for general distribution and implementation. Call Today For more information or to hear how our world-class customers are using the ViryaNet Operational Dashboard, contact ViryaNet today. 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. ViryaNet�s products improve the functions of work order management, scheduling and dispatch, business activity monitoring, and mobile field communication. Embracing a business process management architecture, the ViryaNet products intelligently guide, automate, and optimize field service work � both simple and complex. The results are improved operational performance, a better customer experience, and a higher degree of regulatory compliance. 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 June 30, 2006, 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.