SOUTHBOROUGH, Mass.-(BUSINESS WIRE)- Oct. 29, 2001 - ViryaNet , Ltd. (NASDAQ: VRYA), a leading provider of wireless field service solutions, has registered its stock for trading on the Tel Aviv Stock Exchange, beginning on Monday, October 29, 2001. ViryaNet has listed all of its issued share capital as of the date hereof, including all of ViryaNets shares that may be issued upon the exercise of all of its current options and warrants.

Assisting ViryaNet in the listing of the companys stock on the Tel Aviv Stock Exchange is Tamir Fishman & Co., an Israeli investment bank and strategic partner of Dain Rauscher Wessels.

About ViryaNet

ViryaNet is a provider of solutions for wireless field service automation. ViryaNet's award-winning 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 scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and logistics and repairs management. Customers in the telecommunications, manufacturing, energy and other industries use Service Hub to transition complex service business processes into a manageable, scalable Internet operation, thereby increasing service revenues, decreasing service costs, and maximizing customer satisfaction.

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 ViryaNets 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, its future business prospects, its future financial performance, 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 ViryaNets business are set forth in ViryaNets Form F-1, as amended, declared effective by the SEC on September 19, 2000, and the other reports filed from time to time with the Securities and Exchange Commission.

Copyright © 2000 Dow Jones & Company, Inc. All Rights Reserved.