Viyya Technologies Engages Green Global Funding
December 07 2010 - 8:49AM
Marketwired
Viyya Technologies, Inc. (PINKSHEETS: VYON)
announced today that it has signed a Term Sheet and Engagement
Letter with Green Global Funding, Inc. of Farmingdale, New York for
up to $4 million in investment capital. The investment will fuel
the company's market expansion and deployment between network
operators and publishers.
"This funding is a terrific vote of confidence for Viyya and its
Premium Content eXchange technology," said John Bay, President and
CEO of Viyya. "We've had a vision for the company and our
capabilities on becoming the fastest growing company in our sector.
We plan to use this funding to invest heavily into carrier and
publisher acquisition and to initiate and intensify our recurring
revenue model."
Green Global Funding was established in 1989 and has more than
20 years of "hands on" investment experience. Their management team
provides financial services and direct investments for innovative
companies embarking on explosive new market segments.
"We are excited about Viyya, their vision and the opportunity
that lies before them," stated Freddy Green, President and CEO of
Green Global. "This funding can catapult Viyya into the mainstream
carrier AppStore markets while redefining the way magazines and
newspapers are read by worldwide mobile subscribers!"
About Viyya Technologies:
Viyya Technologies (www.viyya.com) (PINKSHEETS: VYON) is a
publicly traded company based in Fairfield, New Jersey. The company
develops content intelligence, cloud-based applications and
platforms that distribute global premium content via the mobile
ecosystem.
The company's core technology components manage information by
enabling mobile subscribers to personalize the way they collect,
process, and experience digital content. Its innovative and
proprietary technology gives users the ability to retrieve filtered
premium content from multiple sources, organizes it through
flexible and dynamic options, and view it on virtually any fixed or
mobile Internet device. For additional company information, please
visit www.viyya.com.
Legal Notice: "Forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995 may be included in
this release. These statements relate to future events or financial
performance; are based on current expectations/projections about
Viyya and its industry; and may differ materially from actual
future results or events. Such words as "expects," "believes," and
"anticipates" are intended to identify these statements. Viyya
disclaims any intention or obligation to revise any forward-looking
statements whether as a result of new information, future
developments or otherwise.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Contact: Pam Dominiczak Investor Relations Viyya Technologies,
Inc. Phone: 973-276-0555
CurrentC Power (PK) (USOTC:VYON)
Historical Stock Chart
From Aug 2024 to Sep 2024
CurrentC Power (PK) (USOTC:VYON)
Historical Stock Chart
From Sep 2023 to Sep 2024