Vivonet’s secure web-based technology “Halo” scheduled
for largest North American deployment to the majority of Sodexo’s 6,000 locations

Vancouver, British Columbia, Canada – July 19, 2010 – Vivonet Inc, the leader in secure web-based point of sale (“POS”) software for the North American restaurant industry, today announced a landmark agreement with Sodexo, world leader in Quality of Daily Life Solutions, to deploy a success enabling technology called Halo into the majority of Sodexo’s 6,000 North American client sites by 2015.

Vancouver-based Vivonet was the winner in an evaluation process that included all major POS providers. Halo, Vivonet’s Software as a Service (“SaaS”) product, is a flexible and affordable solution that is delivered to restaurant and foodservice clients simply and securely over the Internet. Halo enables real-time transaction processing, acquires centralized point of sale, product, pricing and people data and organizes it all to be securely analyzed, reported and shared with partners. In the fast-paced foodservices industry Halo is in stark contrast to traditional POS solutions by its ability to eliminate the need for expensive and complicated site specific equipment and on-site IT support.

“This agreement sets a new benchmark in the retail and restaurant technology sector,” said Ryan Volberg, president and CEO of Vivonet. “Our partnership with Sodexo represents the largest ever Software as a Service point of sale rollout and one of the largest hospitality point of sale rollouts in North America. We believe that a transaction of this scope is a validation of Software as a Service as a legitimate technology solution for clients in the restaurant and foodservice industry who need better data to make better decisions.”

In North America alone, Sodexo serves ten million customers a day in corporate offices, health care facilities, long term care facilities, retirement homes, schools and college campuses as well as government, military, and remote sites. Sodexo employs 120,000 people and operates an estimated 6,000 sites in North America.

Halo will provide Sodexo with point of sale and payment processing capabilities as well as robust web-based enterprise management and reporting delivered via web-browser to Sodexo locations all over the continent. Halo will allow Sodexo to make better and faster product decisions and improve supply chain optimization. Put simply, it will make doing business easier and more efficient. It will be installed in Sodexo’s industry-leading dining facilities and in their retail brand locations such as Jazzman’s Cafe, Pandini’s and Sub Connection. Halo will also be installed in the leading national brands operated by Sodexo under license.

“Sodexo will use this new technology to improve the overall experience of our customers and thereby help our clients provide the best possible quality of daily life environment,” said Sodexo President and CEO George Chavel. “Halo will help us meet the challenges of our ever-changing competitive landscape and rapidly evolving customer tastes.”

The implementation of Halo will allow Sodexo to track the movement of a single product across all their brands. Behind the scenes, Vivonet’s Item Harmony technology standardizes Sodexo’s tens of thousands of product offerings into a single, standardized item file allowing Sodexo to better understand customer demand, manage supply chain and optimize product pricing.

Sodexo in North America

Sodexo, Inc. (www.sodexoUSA.com) leading Quality of Daily Life Solutions company in the U.S., Canada, and Mexico, delivers On Site Service Solutions in Corporate, Education, Health Care, Government, and Remote Site segments, as well as Motivation Solutions such as Esteem Pass. Sodexo, Inc., headquartered in Gaithersburg, Md. funds all administrative costs for the Sodexo Foundation (www.SodexoFoundation.org), an independent charitable organization that, since its founding in 1999, has made more than $12 million in grants to fight hunger in America. Visit the corporate blog at www.sodexoUSA.com/blog.

About Vivonet, Inc.

Established in 1999, Vivonet Inc. (www.vivonet.com) is the restaurant industry leader in software as a service (“SaaS”) solutions that enable, acquire and organize over one hundred million transactions every month for customers in Canada and the United States. Vivonet provides Halo Secure Web-Based POS (www.vivonet.com/halo-pos) and on-demand enterprise management, POS, payment processing and performance benchmarking solution for its customers. Vivonet’s unique ability to empower the transaction data created by its customers allows their customers to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates.

For more information, Media Contacts:

Kevin Froese
Senior Vice President Sales and Marketing
kfroese[@]vivonet.com
T: 1.866.512.2033 x 106
W: http://www.vivonet.com

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Best in SaaS Service: Vivonet Welcomes Paul Needham as
New Vice President of Operations

Vancouver, British Columbia – June 14, 2010. Vivonet is excited to announce the appointment of Paul Needham as the newest member of the Vivonet Executive team. Paul joins the company as the Vice President of Operations where his primary responsibility will be to ensure that every Vivonet customer enjoys a best in class service experience with every implementation, service and support contact.

“Our entire team believes that the most important part of being a software-as-a-service company is, in fact, the service!” says Ryan Volberg, President and CEO of Vivonet. “Paul’s proven leadership and track record of developing teams that deliver superior service is a critical advantage for Vivonet as we continue to more than double our base Halo Secure Web-Based POS customers annually.”

“Vivonet has demonstrated their commitment to excellence in customer service through their rigorous adoption of the Net Promoter methodology (http://www.netpromoter.com), a loyalty metric and a discipline for using customer feedback to fuel profitable growth” says Paul Needham. “Vivonet’s Net Promoter Score benchmarks strongly against the best software companies in North America. I look forward to working with the team to ensure that this strong base of service performance continues as Vivonet scales through this period of rapid growth.”

Born and raised in Vancouver, British Columbia, Paul has been fortunate to work with some outstanding teams and achieve success with a number of prominent North American technology companies. Most recently, Paul was the Vice President of Operations at Parasun Technologies; a global provider of software-as-a-service based internet provisioning management and monitoring systems for the cable and utility industries. Under Paul’s leadership, the Parasun team supported over 200,000 end users and handled in excess of 500,000 support calls per year into their distributed contact center.

Paul is also an involved member of both the technology and local community, having actively participated in the B.C. Technology Industry Association (BCTIA), the Vancouver Board of Trade, Virtus’ executive exchange group, the Junior Achievement Organization, as well as various other charitable and networking organizations.

About Vivonet:

Established in 1999, Vivonet Inc. (http://www.vivonet.com) is the restaurant industry leader in software as a service (“SaaS”) solutions that enable, acquire and organize over one hundred million transactions every month for customers in Canada and the United States. Vivonet provides Halo Secure Web-Based POS (http://www.vivonet.com/halo-pos) and on-demand enterprise management, POS, payment processing and performance benchmarking solution for its customers. Vivonet’s unique ability to empower the transaction data created by its customers allows their customers to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates.

About Halo Secure Web-Based POS:

As the industry leader, Halo™ Secure Web-Based POS powered by Vivonet gives restaurateurs the tools, information and knowledge they need to run better. In fact, restaurants that use Halo™ Secure Web-Based POS outperform the National Restaurant Association’s sales index by an average of 3.88%. For more information about Halo™ Secure Web-Based POS, please visit http://www.vivonet.com.

Media Contacts:

Kevin Froese
Senior Vice President Sales and Marketing
kfroese[@]vivonet.com
T: 1.866.512.2033 x 106
W: http://www.vivonet.com

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Vivonet Completes US $8.5 Million Financing with
Maxam Opportunities Fund LP

Vancouver, British Columbia – May 17, 2010. Vivonet, a software as a service (SaaS) company and the leader in secure web-based point-of-sale (“POS”) for the North American restaurant industry, today announced the completion of a US $8.5 million secondary and treasury financing with Vancouver-based private equity firm, Maxam Opportunities Fund LP. Capital West Partners acted as financial advisor to Vivonet for the transaction.

“This financing provides Vivonet with capital to fund its explosive growth, and to execute on several market disrupting opportunities” said Vivonet CEO, Ryan Volberg. “Maxam’s limited partners include many of western Canada’s most successful entrepreneurs, including the owners of several of North America’s most successful restaurant and retail brands. Maxam’s entrepreneurial background and substantial resources makes them an ideal partner for Vivonet.”

“We believe restaurant POS represents a massive opportunity” said Maxam Managing Partner, Sean Morrison. “Vivonet’s unique, single data-file enterprise architecture, web-based POS solution is compelling for both small restaurants as well as for some of the world’s largest food services companies. We are excited to be partnering with Vivonet at a stage when they are gaining traction on a number of fronts.”

About Vivonet, Inc.:

Established in 1999, Vivonet is the restaurant industry leader in software as a service (SaaS) solutions that enable, acquire and organize over one hundred million transactions every month for customers in Canada and the United States. Vivonet provides Halo™ Secure Web Based POS and on-demand enterprise management, POS, payment processing and performance benchmarking solution for its customers. Vivonet’s unique ability to aggregate the transaction data created by its customers allows their customers to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates.

Vivonet, Inc. expects to over double revenue in 2010 and for the fourth consecutive year has made the Ready to Rocket 25 list, recognizing Vancouver’s highest growth companies.

About Maxam

Maxam Opportunities Fund LP is focused on investments in mid-market companies and has over $100 million of committed capital under management. Maxam targets investments in a variety of complex situations, including non-core asset divestitures, management-led buyouts, recapitalizations, distressed debt, bridge loans and public market investing. Further information about Maxam can be found at www.MaxamCapitalCorp.com.

Media Contacts:

Kevin Froese
Vice President Sales and Marketing
E: kfroese[@]vivonet.com
T: 1.866.512.2033 x 106
W: http://www.Vivonet.com

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The BC Foodservices Expo…

As an active member of the CRFA (Canadian Restaurant and Foodservices Association), Vivonet, Inc. will be participating in this year’s “BC Foodservices Expo” Western Canada’s largest hospitality trade show!

Of Course! We’ll be there displaying Halo™ Secure Web-based POS! This is our chance to get in front of some local business and customers… where the Vivonet, Inc. story all started.

The show is this coming weekend…

Show Dates:

• Sunday, April 25th, 11am to 5pm
• Monday, April 26th, 10am to 5pm

Show Location:

• Vancouver Convention Centre, “NEW” West Building
• 200-999 Canada Pl, Vancouver, BC V6C 3C1

Show Details:

Visit the BC Foodservices Expo site here:
http://www.crfa.ca/tradeshows/bcfse/default.asp

Come visit… Vivonet, Inc. and discover all that’s new in the industry at this one-stop marketplace of innovative food products, equipment and hospitality services. Visitors can come talk to the experts and taste, test and see that perfect new idea for your business.

YES! Come visit us at booth “739″ we’ll be happy to give you an on-site live demo of Halo™ Secure Web-based POS and answer any industry and POS questions you may have!

We hope to see existing and potential customers there this weekend.

Regards,

John Uhrig
Internet Marketing and Demand Generation Manager
Vivonet, Inc.

At Vivonet we enable, acquire and organize the world’s retail transactions

More Growth on the Horizon: Vivonet Welcomes Tim Becerra as New Vice President Business Development…

Vancouver, British Columbia – January 7, 2010. Vivonet is excited to announce hiring of Tim Becerra as the newest member of the growing Vivonet team. Tim joins Vivonet as the Vice President of Business Development where his primary responsibilities will be to expand Vivonet’s strategic third-party and channel business relationships. With over 22 years of senior leadership experience in the point of sale industry Tim has represented both complete restaurant management systems and hardware solutions. Tim’s previous executive, senior management and field experience with Posiflex Technology, Sable Technologies and Squirrel Systems provides him with a broad vision of the point of sale market making him an ideal fit for the role and the company.

“As a software-as-a service (SaaS) company, Tim’s business development role will allow Vivonet to work more strategically with new and existing partners to rapidly bring new integrated products and services to our clients. Additionally, these partner relationships will aggressively grow the reach of Halo™ Secure Web Based POS,” said Ryan Volberg, President and Chief Executive Officer with Vivonet. “Our consistent track record of growth as the leader in secure web-based POS plus Tim’s consistent track record of partner performance is a very exciting combination.”

Born in San Leandro, CA, Tim attended Control Data Institute in San Francisco studying microprocessors and electronics, graduating with honors in 1988. His passion for developing strategic business relationships stems from his ability to use his business skills and make connections with people. In his previous role as Executive Vice President Sales and Business Development with Posiflex Technology, Inc., a leading designer and provider of point of sale terminals and related peripherals, the key to his success was developing strong business relationships that were mutually beneficial to each party and diversifying the customer base. Driven by high levels of performance, Tim is not satisfied with mediocrity and is always looking to challenge the status quo. Those close to Tim describe him as a creative and forward thinking professional that operates with a high level of integrity and trust.

“What I am most excited about in joining Vivonet is the ability to provide clients with an affordable opportunity to acquire a point of sale foundation that leverages new technology and tools to run an efficient and profitable business, with a strong return on investment, today and in the future,” says Tim, “I’m looking forward to helping with Vivonet’s continued growth and to be a part of guiding the company to its next level of success.”

About Vivonet:

Established in 1999, Vivonet is the restaurant industry leader in software as a service (SaaS) solutions that enable, acquire and organize millions of transactions every month for customers across Canada and the United States. Vivonet provides Halo™ Secure Web-Based POS an on-demand enterprise management, point-of-sale (POS), payment processing and performance benchmarking solutions for its customers. Vivonet’s unique ability to aggregate the transaction data created by its customers allows their customers to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates.

About Halo Secure Web-Based POS:

As the industry leader, Halo™ Secure Web-Based POS powered by Vivonet gives restaurateurs the tools, information and knowledge they need to run better. In fact, restaurants that use Halo™ Secure Web-Based POS outperform the National Restaurant Association’s sales index by an average of 3.88%. For more information about Halo™ Secure Web-Based POS, please visit www.Vivonet.com.

Media Contacts:

Kevin Froese
Vice President Sales and Marketing
E: kfroese[@]vivonet.com
T: 1.866.512.2033 begin_of_the_skype_highlighting              1.866.512.2033      end_of_the_skype_highlighting x 106
W: www.Vivonet.com

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