TEL AVIV, Israel and COLOGNE, Germany, July 2, 2013 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq:TISA), a leading Enterprise Content Management (ECM) intelligent content capture, workflow and delivery and mobile payments solution provider, announced today that as a result of a UNFPA bid for census solutions, its AP representative Lucky Bird, Ltd. was awarded a Long Term Agreement certifying Top Image Systems as a UNFPA supplier for a comprehensive census management package including scanner hardware, recognition software, census questionnaires and related census project services. The LTA agreement will be posted in the official UN procurement portal UNGM (United Nations Global Marketplace). Any country that will execute a census within the next three years can obtain the eFLOW® Census Management Package via the UNFPA.
In a world in which the population continues to expand and governments need to gather information to create and execute policies to serve the needs of these populaces, the UNFPA plays a key role in supporting governments in these tasks, including censuses, surveys and related research and analysis. With field offices in 140 countries in addition to Headquarters in New York, the UNFPA promotes census execution worldwide, including in countries undertaking their first census, as well as in countries requiring technical assistance or support for other reasons.
Amir Angel, TIS Director of Sales and Government Projects, remarked, "The Letter of Agreement with the UNFPA makes official Top Image Systems' already well-established standing as the premier supplier of census projects worldwide. Top Image Systems earned this title by means of its huge investment and numerous project successes across the more than 30 population censuses it has carried out over the last fifteen years. The fact that TIS was selected to return to carry out second and even third census rounds by some countries proves the high level of customer satisfaction we achieve. This is thanks to the robust performance of the eFLOW platform that enables us to carry out the highest volume, most complex data capture projects within tight time and budget constraints. We thank the UNFPA for its recognition of our expertise and look forward to deploying more successful projects for the countries it supports."About Top Image Systems Top Image Systems (TIS) 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™ 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. 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 Europe and 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.
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