Gilo Extends Vyyo Offer

Vision Acquisition Corporation announces extension of tender offer for Vyyo Inc.

October 23, 2008

2 Min Read

LOS GATOS, Calif. -- Vision Acquisition Corporation, a wholly owned subsidiary of Gilo Ventures II, L.P., announced today that it has extended the expiration date for its tender offer to purchase all outstanding shares of common stock of Vyyo Inc. to 12:00 Midnight, New York City time, at the end of Thursday, October 23, 2008.

The extended tender offer is subject to additional extensions and the satisfaction of all conditions set forth in the offer to purchase accompanying the tender offer.

At the close of business on Wednesday, October 22, 2008, a total of 7,967,781 shares of common stock of Vyyo Inc., which shares represent approximately 53.72% of the outstanding shares not held by Vision Acquisition Corporation or its affiliates as of September 15, 2008, have been tendered and not withdrawn pursuant to the tender offer.

The description contained herein is neither an offer to purchase nor a solicitation of an offer to sell shares of Vyyo Inc. Vision Acquisition Corporation has mailed an offer to purchase, forms of letter of transmittal and related documents to Vyyo Inc.'s stockholders, and Vyyo Inc. has mailed to its stockholders a solicitation/recommendation statement with respect to the tender offer. These documents contain important information about the tender offer, including the terms of the tender offer, and stockholders of Vyyo Inc. are urged to read them carefully. Stockholders of Vyyo Inc. may obtain a free copy of these documents by contacting the information agent for the tender offer, Georgeson Inc., at (212) 440-9800 or (800) 255-4967 (toll free).

The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially from those described in the forward looking statements. Vision Acquisition Corporation undertakes no obligation to update forward-looking statements.

Vision Acquisition Corporation is a wholly-owned subsidiary of Gilo Ventures II, L.P. and has had no business dealings other than those associated with the tender offer for all outstanding shares of common stock of Vyyo Inc.

Vyyo Inc. (Nasdaq: VYYO)

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