VRYAD Viryanet Ltd. (MM)

ViryaNet (NASDAQ: VRYAD), a leading provider of software applications that automate business processes for mobile workforce management, today announced that the Building Commission of Victoria Australia has purchased additional licenses to expand its use of the ViryaNet solution. The Building Commission, located in Melbourne, is a statutory authority that oversees the building control system in Victoria, and regulates building practices. The Building Commission employs a talented and diverse group of staff members who regulate the Victorian building industry for a safe, liveable and sustainable built environment. The Commission originally selected the ViryaNet product for its Compliance and Conciliation Group, and now, through the acquisition of these new licenses, will deploy the product to its Technical Services Group. Using ViryaNet's solutions, the Building Commission will be able to better utilize its existing workforce, cut response times to customers, and lower operations costs through improved communications, better customer service, and optimized workforce productivity. ViryaNet enables companies around the world to manage customer interactions, schedule and dispatch its workforces, manage cases, receive real-time reports from field engineers who use mobile technology, unite all of the systems and applications across their operations, and accommodate real-time business monitoring. With this roll out, now the entire Building Commission also will use ViryaNet�s product as its CRM tool, which will be enable a 360 degree view of customer. In so doing, the product will unify disparate customer data and databases into a single view of the customer. The CRM function will allow tighter control of the Building Commission environment and eliminate the duplicate customer data that exists within the organization. �The Building Commission is a perfect example of how ViryaNet can manage the full range of service activities for many different divisions within an organization," stated Jon Sheiman, General Manager, Asia Pacific, ViryaNet. "The Building Commission constantly seeks to improve its processes, and that is why it consistently achieves such high customer satisfaction ratings." "We are very pleased that the Commission is expanding the use of the ViryaNet product to support its goals, promote its leadership, and 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 oversees the building control system, including the registration and regulation of building practitioners, standards in construction and building maintenance, protecting the health and safety of building users, and the building and occupancy permit system. 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�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.