Viyya Technologies, Inc. issues Holiday Update to Shareholders, with a signed LOI in the Blockchain industry

Rhea-AI Summary

Viyya Technologies (OTC Pink: VYON) announced significant progress in enhancing shareholder value following a failed takeover in 2020. Key achievements include achieving compliance with Nevada's Secretary of State, filing updated financial reports with OTC Markets, and establishing a relationship with Pacific Stock Transfer. The company signed a Letter of Intent with a blockchain enterprise and aims for an advanced listing on OTC markets post-FINRA stock restructure. Management anticipates FY 2022 could be transformative for VYON shareholders, emphasizing their commitment to eliminating corporate debt and compiling audited financials.

Positive

• Achieved full compliance and good standing status in Nevada.
• Filed updated financial reports with OTC Markets.
• Established a relationship with new stock transfer agent, Pacific Stock Transfer.
• Signed a Letter of Intent with a reputable blockchain enterprise.
• Aims to up-list to a higher exchange following FINRA stock restructure.

Negative

• None.

Sackets Harbor, NY, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Viyya Technologies, (OTC Pink: VYON) developer of Information management platforms for content aggregation, intrusion detection, energy management, data center management, microgrids and the blockchain marketplace is pleased to announce that following a failed takeover event in 2020, the Company has made major strides to enhance shareholder value. The company has worked diligently and has currently:

• Updated to full compliance and corporate good standing status for the Secretary of State in Nevada,
• Updated and filed financial reports, disclosures, and compliance documentation with OTC Markets, 
• Activated a successful working relationship with Pacific Stock Transfer, our new stock transfer agent,
• Submitted applications and associated data with regulatory agencies such as FINRA,
• Successfully restructured the corporation to take advantage of upcoming opportunities in our markets, and
• Released a new, updated corporate website at www.viyyatechnologies.com.

Management has been working diligently to eliminate the debt from the Company's balance sheet in a shareholder friendly manner. The Company has signed a Letter of Intent (LOI) with a reputable blockchain enterprise and plans to file for an advanced listing on OTC markets on completion of FINRA's stock restructure, recently filed with the State of Nevada. The company is also in the process of compiling audited financials with the goal of up listing to a higher exchange.

Management is cautiously optimistic that FY 2022 will be a breakout year for Viyya Technologies and its shareholders.

We thank you for your continued support, and we wish you a Happy Holiday! Stay tuned for additional information coming in January!

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

John Bay
315.646.6000

FAQ

What recent achievements has Viyya Technologies made in its compliance efforts?

Viyya Technologies achieved full compliance and good standing status in Nevada, updated financial reports with OTC Markets, and activated a relationship with the new stock transfer agent, Pacific Stock Transfer.

What is VYON planning for FY 2022?

Management of Viyya Technologies is cautiously optimistic that FY 2022 will be a breakout year for the company and its shareholders.

What is the significance of the Letter of Intent signed by Viyya Technologies?

The Letter of Intent with a reputable blockchain enterprise indicates Viyya Technologies' strategic move to enhance its market position and shareholder value.

How is Viyya Technologies addressing its corporate debt?

The company is working diligently to eliminate debt from its balance sheet in a shareholder-friendly manner.

What future plans does Viyya Technologies have regarding its listing on stock exchanges?

Viyya Technologies plans to file for an advanced listing on OTC markets upon completion of FINRA's stock restructure.