VRYA Viryanet Ltd. (MM)

ViryaNet Limited (NasdaqSC: VRYA), a leading provider of software applications that automate business processes for mobile workforce management, today announced that the Building Commission of Victoria Australia has chosen the ViryaNet solution to manage customer interactions associated with residential and commercial building matters. The Building Commission, located in Melbourne, is a statutory authority that oversees the building control system in Victoria, and regulates building practices. The Commission possesses a rich diversity of talent, including technical, managerial, corporate services, front-line customer service, auditors, compliance officers, and administrative personnel, who serve the building industry and customers. Each month, approximately 2000 cases originate from customers who have questions about building matters. ViryaNet offers a comprehensive mobile workforce management product that consists of several solution components, including customer interaction, scheduling and dispatch functionality, case management, workflow, field-based GIS support, and powerful integration capabilities. The solution's value is its ability to manage business process exceptions, in addition to the routine processes that are experienced by most companies. In addition, ViryaNet's mobility capabilities will provide up-to-date information to staff that go out into the field for inspections and other activities. "We are pleased that the Commission is using the ViryaNet product to support their goals, promote their leadership, and to enrich the customer experience, stated Jeff Oskin, Chief Operating Officer, ViryaNet." About the Building Commission The Building Commission was established by the Building Act 1993 to administer Victoria's building legislation system. It operates within a national legislative framework that is administered by the Australian Building Codes Board. The Building Commission has assisted builders, building surveyors, and other industry practitioners to produce buildings that are safe, liveable and more energy efficient. Today, the Building Commission is more than just a regulator. It also demonstrates industry leadership by promoting initiatives such as sustainability and accessibility, and continuing professional development for building practitioners. For more information, visit www.buildingcommission.com.au 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 helps companies improve the full spectrum of workforce management processes, including customer interactions, managing work through more efficient scheduling and dispatching and right time field communication. By focusing on managing the exceptions, ViryaNet is able to provide its customers with a greater degree of value than other providers. 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.