SOURCE: Top Image Systems Ltd.

November 30, 2006 07:00 ET

250 Customers, Partners and Prospects Attending Top Image Systems's 2006 International Conference in Berlin

TIS Launches eFLOW Version 4.0, the Latest Version of the Company's Signature Software

TEL AVIV, ISRAEL -- (MARKET WIRE) -- November 30, 2006 -- Top Image Systems, Ltd. (NASDAQ: TISA), a leading innovator of intelligent document recognition, is holding its 2006 International Conference for the company's customers and strategic business partners on November 30-December 1, in Berlin, Germany.

The conference brings together 250 of TIS's customers, partners and prospects from over 25 countries to see the latest TIS innovations and to participate in the launch of eFLOW Version 4.0, the latest version of the company's signature software, eFLOW Unified Content Platform.

Market specialists, from global strategic advisory and research firms like Hackett Group, Pentadoc and Mailconsult, as well as leading professional magazines, including Document Imaging Report, are attending the conference as key speakers to provide additional information about the market, future developments, and areas of focus.

More than 20 of TIS's customers and partners, from a wide variety of industry segments, will be presenting case studies, business and technical, discussing how eFLOW was implemented within the enterprise applications, and thus, how their organizations attained increased efficiency and cost savings in their business processes. These include Armstrong Industries, Xerox Global Services, Network Rail UK, SwissPost Finance, 170 Systems and other prestigious corporations.

The customers and partners will benefit from sharing their knowledge and experience in implementing TIS's robust solution, eFLOW Unified Content Platform. In addition, they will learn about the latest solutions and business benefits, such as automating complex mailroom operations or accounts payable processes, from capture to approval.

TIS's CEO, Dr. Ido Schechter, will be conveying the Company's strategy to expand its leadership position in the input management market.

Dr. Schechter commented: "This is the third time we have held an International Conference for our partners and customers. This year, we have representatives from prestigious organizations presenting as well as guests from leading companies, including Xerox, Accenture, Atos Origin, SAP and Oracle."

Dr. Schechter continued: "The attendees of the conference will get a first-hand view of our eFLOW Version 4.0, with its new and advanced capabilities. eFLOW Version 4.0 is a highly robust platform that includes leading-edge technological solutions and applications. These include a unique solution for automating mailroom operations, seamless connectors to SAP systems for a complete purchase-to-payment process, and a standard capture and approval solution for efficient invoice processing, to name a few. Our event will offer attendees an exclusive opportunity to learn more about these solutions as well as TIS's business and growth plans."

About Top Image Systems

Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations. 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 30 countries through a multi-tier network of distributors, system integrators and value added resellers, as well as strategic partners. For more information on TIS, visit the company's web site at:

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. 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 plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), the Company's ability to successfully integrate TIS Japan, litigation (including litigation over intellectual property rights), 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 Information

  • Contacts:
    Adi Bar-Lev
    Investor and Public Relations Manager
    Top Image Systems, Ltd.
    +972 3 7679114
    Email Contact