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VIRYANET FOURTH QUARTER AND YEAR 2001 EARNINGS CONFERENCE CALL ADVISORY
January 31, 2002

Thursday, February 14, 2002 at 8:00 A.M. EST

Southborough, Mass. - January 31, 2002 - ViryaNet (NASDAQ: VRYA), a leading provider of wireless and Web-based software applications that improve service delivery, will announce its fourth quarter and year 2001 results on Thursday, February 14, 2002. ViryaNet management will host a conference call on that same day at 8:00 AM (EST) to discuss the results and answer questions from the investment community.

Interested parties should call 800-450-0785 (United States) or 612-332-0523 (International) and indicate "ViryaNet Fourth Quarter and Year 2001 Earnings Conference" to join the conference call or log on to www.viryanet.com to connect to a live Web broadcast of the earnings call.

A digital replay of the conference call will be available from approximately 12:00 P.M. (EST), on Thursday, February 14 until 12:00 P.M. (EST) on Thursday, February 21. To access the replay, residents of the United States can call (800) 475-6701. Anyone outside the United States can access the replay by calling (320) 365-3844. The access code from either phone number is 626333.

To confirm your participation or obtain more information, contact Lola Leggett at (508) 490-5966.

About ViryaNet

ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's flagship product - the award-winning ViryaNet Service Hub - combines the power of the Internet, the freedom of wireless technologies, and the resources of ViryaNet's deep service expertise to help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management.

Customers in the consumer goods, grocery and retail, telecommunications, manufacturing, utilities, third-party maintenance, and other industries use ViryaNet Service Hub to transition complex service business processes into manageable, scalable Internet operations, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction.