Southborough, MA - November 6, 2007 - ViryaNet, (Other OTC:VRYAF.PK), a leading provider of enterprise software applications that automate business processes for mobile workforce management, today announced that The Pantry (NASDAQ: PTRY) has chosen the ViryaNet solution to automate its maintenance and facilities operations, including the activities associated with workforce management and asset management. The Pantry, located in Sanford, NC, is the leading independently
operated convenience store chain in the southeastern U.S., operating approximately 1,650 stores in eleven states under a number of selected banners, including Kangaroo ExpressSM, its primary operating banner.
Under the terms of the contract, The Pantry licensed the ViryaNet Service Hub for Retail software solution, which includes modules for scheduling, street level optimization, dispatch, and mobile. Using Service Hub for Retail, The Pantry will manage both its in-house and subcontractor based workforces who service and maintain its growing base of convenience stores and the associated equipment and facilities.
The project will begin immediately.
"The Pantry is committed to improving productivity and efficiency to reduce costs and increase customer loyalty," said Chris Britton, Director of Maintenance, The Pantry. "ViryaNet Service Hub for Retail will be an integral component of our strategy to manage our work; schedule, dispatch, and optimize our internal and external workforce; improve our management of assets and inventory; and
automate many of the tasks associated with general maintenance."
The Pantry's stores offer a broad selection of merchandise, as well as gasoline and other ancillary services designed to appeal to the convenience needs of its customers. Over the past several years, The Pantry has experienced significant growth in all aspects of its business. With ViryaNet Service Hub for Retail, The Pantry expects to support that growth with automation that optimizes business processes
and ensures operational excellence - improving staff productivity, reducing its facilities costs, and enhancing its customers' experience.
"The Pantry is an innovator, complementing its strategic vision with best-of-breed technology to build market share and increase profits," stated Jeff Oskin, COO, ViryaNet. "ViryaNet's management team supports The Pantry's passion for service excellence; we are committed to helping The Pantry fulfill its business and financial objectives."
ViryaNet offers a comprehensive mobile workforce management product that consists of several solution components, including work order management, scheduling and dispatch functionality, workflow, mobile device support, real-time monitoring capabilities, a full suite of business intelligence tools, and powerful integration capabilities. The solution's value is the agility it has to manage business process exceptions, in addition to the routine processes that are experienced by most
companies.
About The Pantry
Headquartered in Sanford, North Carolina, The Pantry, Inc. is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country, with revenues for fiscal 2006 of approximately $6.0 billion. As of September 20, 2007, the Company operated 1,645 stores in eleven states under select banners, including
Kangaroo Express(SM), its primary operating banner. The Pantry's stores offer a broad selection of merchandise, as well as gasoline and other ancillary services designed to appeal to the convenience needs of its customers.
About ViryaNet
ViryaNet provides packaged industry solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in operational excellence. ViryaNet's solutions specialize in the functions of scheduling and dispatching resources and enabling mobile field communication. Embedding industry best practices and utilizing a powerful workflow engine, web architecture, and
visibility suite, the ViryaNet solutions allow companies to outperform their competition, better the customer experience, improve financial performance, and address regulatory compliance. ViryaNet possesses a 20-year history in the field service space, a vast number of customers across a variety of industries, and strong partnerships with leading platform and system integration companies. Headquartered in Southborough, MA, ViryaNet enjoys a worldwide presence with offices and customers located
in North America, Europe, and the Pacific Rim. For more information, visit
www.viryanet.com.
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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 August 29, 2007, 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.
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