SOURCE: Top Image Systems Ltd.

August 30, 2005 08:00 ET

Editions Atlas Chooses Top Image Systems to Automatically Process Customer Coupons

TEL AVIV, ISRAEL -- (MARKET WIRE) -- August 30, 2005 -- Top Image Systems, Ltd. (NASDAQ: TISA), a leading innovator of Data Capture solutions, announced today that Editions Atlas, a European leader in mail-order catalogues, has chosen TIS' eFLOW platform to automatically process over 3 million customer coupons a year.

Headquartered in Switzerland, Editions Atlas distributes its mail-order catalogues to 18 European countries. The company chose TIS to process its color coupons of diverse languages and formats at four sites in Europe, one central site in Switzerland and three satellite sites in Germany, Holland and Belgium.

TIS was chosen for this project after a rigorous benchmark process, thanks to its ability to substantially increase the productivity. eFLOW's accessibility and flexibility enabled its smooth integration into Editions Atlas' information system, and. eFLOW's unique ability to use virtually any type of recognition engine, language or character type, while removing documents' templates, enabled Edition Atlas to easily transfer documents for central processing and completion, working with the system internationally and within a distributed environment. The capacity to handle the large and rising volumes of coupons processed by Editions Atlas, as well as the diversity of languages automatically recognized, was a major selection criteria among all other solutions.

Dr. Ido Schechter, CEO of TIS, said: "We are proud to be selected by a prestigious institution such as Editions Atlas. The project is the second major project TIS has won in Switzerland, which has become a major and important market for TIS. The European-wide coupon processing project has a very good fit with eFLOW's abilities, and we plan to add additional document types to the flow, as a second phase."

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' 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, value-added resellers as well as strategic partners. Visit the company's website 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. 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 Granot
    Investor and Public Relations Manager
    Top Image Systems Ltd.
    +972 3 7679114
    Email Contact