VRYA Viryanet Ltd. (MM)

ViryaNet Ltd. (NasdaqCM: VRYA), a leading provider of solutions that automate business processes for mobile workforce management and field service delivery, announced today an update to its press release issued on June 4, 2007, regarding its voluntary request for NASDAQ delisting. The Company had indicated in its earlier press release that it had requested the delisting to be effective at the opening of business on Monday, June 11, 2007, and that its shares would be eligible for trading on the Over-the-Counter Bulletin Board (OTCBB) and the Pink Sheets. The Company has been subsequently advised by The NASDAQ Stock Market that the Company�s Ordinary Shares will be delisted from The NASDAQ Capital Market at the opening of business on Tuesday, June 12, 2007. The Company has also confirmed that its Ordinary Shares will be eligible for quotation on the Pink Sheets on the date of delisting and that a market maker has applied to the NASD to trade ViryaNet shares on the OTCBB; however, that application must be cleared by the NASD prior to the initiation of trading on the OTCBB. 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.