Delisting Determination,The Nasdaq Stock Market, LLC,
August 2, 2007, ViryaNet, Ltd. The Nasdaq Stock Market, LLC
(the Exchange) has determined to remove from listing
the ordinary shares of ViryaNet, Ltd. (the Company),
effective at the opening of business on August 13,
2007. Based on a review of the information provided
by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
as it failed to comply
with the following Marketplace Rules: 4310(c)(14) and
4450(a)(03). The Company was notified of Staffs
determinations on August 17, 2006, on January 4, 2007
and on February 6, 2007. The Company requested a
review of the Staffs determination before the Listing
Qualifications Hearings Panel. Upon review of the
information provided by the Company,the Panel determined
that the Company did not qualify for inclusion on the
Exchange based on its failure to comply with
the following Marketplace Rule: 4450(a)(03). The Company was
notified of the Panels decision on February 20, 2007 and
trading in the Companys securities was suspended on
February 22,2007. The Company did not request a review
of the Panels decision by the Nasdaq Listing and
Hearing Review Council.  The Listing Council did not
call the matter for review. The Panels Determination
to delist the Company became final on April 9, 2007.