TEL AVIV and COLOGNE, Oct. 17, 2012 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, announces that eFLOW® Forms was selected as the technology for the 2011 Spanish Population & Housing Census Processing Project. Top Image Systems was tasked with the complex challenge of processing some 1 million 20-page census forms, or altogether some 20 million pages in a short timeframe. The project commenced in October 2011 and production was completed by May 2012. The 2011 Census was the first time that Spain combined the use of administrative registers with fieldwork, including a Building Census and a large-scale survey, in order to ascertain the features of people and housing; this Census methodology eliminated the need to collect questionnaires from Spain's entire population of over 40 million persons. The project actually incorporated three censuses: buildings, dwellings and population. The statistical operation consisted of carrying out the count and researching the main characteristics of all of the buildings and dwellings in the country, and of all the people resident in Spain. In order to carry out the population count for the 2011 census, it was sufficient to collect information from a sample percentage of the population, as the operation used the information available in the Municipal Register and other administrative registers such as the Population Register, the Cadastre and the Identity Cards Database issued by the Ministry of the Interior. The results to be obtained are expected to be of a quality greater than or equal to that of other censuses conducted previously. Remarks Michael Schrader, Managing Director, TIS EMEA, "Top Image Systems is proud that it has successfully completed the processing of the Spanish Census in the short project timeframe specified. Clearly the deep and extensive experience that Top Image Systems has accumulated in census processing, from our recent projects in Bosnia & Herzegovina, Germany, Italy and South Africa, as well as in other censuses we have executed around the globe, from Brazil and Argentina to Kenya, Turkey and India – altogether managing some 30 censuses over the past fifteen years – gives us an unparalleled advantage that enables us to continue to be the market leader in the census arena."
About Top Image SystemsTop 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' 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 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.
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