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Top Image Systems Awarded Argentinean Census

TEL AVIV, Israel, March 8, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) solutions provider, today announced it is has been selected to provide its eFLOW™ Unified Content Platform for Argentinean census. The National Institute of Statistics and Censuses (INDEC) of Argentina is overseeing the project, which calls for a solution to digitally capture and process more than 187 million census forms. The contract is valued at $760,000.

TIS's eFLOW Unified Content Platform was selected over several strong and competing solutions for the Census. The project requires a system capable of processing large amounts of documents over a four and a half month period. Extensive testing and benchmarking were conducted as part of the selection process whereby eFLOW proved capable of delivering the highest level of accuracy in the time specified. Moreover, eFLOW enables easy and efficient integration with INDEC's existing legacy systems.

"TIS's world-renown reputation for delivering first-class results with census projects was one of the major factors leading to the selection of eFLOW for the Argentina Census," stated Ricardo Campelo, Director of Americas for TIS. "Being selected for another census project further cements the Company's status as the leading solutions provider in the content management sector. Additionally, a project of this caliber demonstrates the Company's commitment to its plan to focus on large scale opportunities."

TIS's extensive work and success with census projects has branded the Company as the partner of choice for census projects, especially in countries where TIS has been chosen for the second or third census.

About Top Image Systems

Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website http://www.TopImageSystems.com for more information.

The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212

Caution Concerning Forward-Looking Statements

Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Dana Rubin
         Director of Corporate Marketing and Investor Relations
         dana.rubin@topimagesystems.com
         +972 3 767 9114

Top Image Systems Ltd. Logo

Stock quotes in this article: TISA 

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