TIS’s eFLOW to Classify 30 Million Documents for Computershare

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TIS’s eFLOW to Classify 30 Million Documents for Computershare, a World
Leading Financial Services Provider to the Global Securities
Industry

eFLOW to Replace a Competing System

TEL AVIV, Israel, Feb. 1, 2010 (GLOBE NEWSWIRE) — Top Image Systems, Ltd.
(Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document
recognition, and Raven Imaging, a specialist in the supply and maintenance
of imaging software, hardware and storage equipment in South Africa,
announced today that they have been selected by Computershare South Africa
to process, index and classify more than 30 million documents and convert
them into electronic records.

Computershare South Africa is a subsidiary of Computershare Limited, the
world’s leading financial services and technology provider to the global
securities industry. Computershare South Africa provides services to 83
percent of the companies listed on the Johannesburg Stock Exchange (JSE).

TIS’s eFLOW will enable Computershare South Africa to convert its stock
exchange listed clients’ share transfer records into electronic records.
These records comprise of eight different forms including share transfer
forms, share certificates, dematerialisation receipts and similar documents
evidencing shareholders rights to listed securities.

In order to ensure the highest level of local support, TIS has joined forces
with Digital Archiving Systems (DAS), a leading hosted content management
and advanced forms processing technology provider throughout the African
continent.

Ronald Melamed, owner of DAS commented: “Using TIS’s eFLOW, an average of
22,000 documents are processed per day. The main advantages of eFLOW in this
project are its ability to substantially reduce the manual capture
requirements over the full range of forms and other documents being
processed and to be able to deal with the wide range in quality of the
images. eFLOW therefore not only reduces editing costs, but also improves
the accuracy of the metadata. In addition, the statistics produced by eFLOW
are useful in generating meaningful production reports.”

Jonathan Scott, the CEO of Raven Imaging remarks that, “eFLOW is the only
document recognition system that has been capable of meeting the
requirements of this very demanding project. Its high intelligence levels
provide it with the flexibility to interpret most of the array of images we
have encountered. Our experience of eFLOW, and the support we have received
from TIS and DAS in its implementation makes it our document recognition
system of choice.”

Mr. Gelb, Executive VP of TIS concluded: “This win further establishes our
presence in South Africa and once more validates eFLOW’s technological
superiority. We are happy to meet the strict requirements of this high
volume project that brings together strong players and present an extended
offering that may serve other projects in the future.”

About Raven Imaging

Raven Imaging specializes in the supply and maintenance of imaging software,
hardware and storage equipment in the South African and broader African
market. The approach is unique in that it defines the problem from a
solution perspective to ensure little or no down time is experienced. The
focus is on facilitating the smooth operation of any system that is
dependent on imaging and storage. Raven is nationally represented and
provides service and maintenance on the following product range: Fujitsu,
Bell Howell, and Kodak scanners, Hewlett Packard, Pioneer, Plasmon and ATG
Cygnet optical Jukeboxes. For more information visit www.ravenimaging.com

About Computershare

Computershare (ASX:CPU) is a global leader in share registration, employee
equity plans, proxy solicitation and other specialized financial and
communication services. Many of the world’s largest companies employ our
innovative solutions to maximize the value of their relationships with
investors, employees, customers and members.

Computershare has approximately 10,000 employees across the world and serves
14,000 corporations and 100 million shareholders and employee accounts in 17
countries across five continents. For more information visit
www.computershare.com

About Digital Archiving Systems

Digital Archiving Systems (DAS) has been providing solutions in the field of
imaging since 1996. DAS is a leader in hosted document management and
advanced forms processing technology. DAS also runs an outsourcing bureau
for back scanning or ongoing scanning and data capture requirements. Based
in South Africa, DAS provides solutions throughout the whole African
continent.

About Top Image Systems

Top Image Systems is the leading innovator of enterprise solutions for
intelligent document recognition, data extraction and validation of content
entering organizations from various sources. Whether originating from
electronic, paper or other sources, TIS solutions deliver the content to
applications that drive the organization, such as ERP, CRM, IPS, PPC-systems
and other operational application systems. 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 and direct sales. 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, particularly statements regarding future operating or financial
performance such as statements regarding trends, demand for our products,
expected deliveries, transaction, expected revenues, operating results,
earnings and profitability. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied in those forward looking statements. Words
such as “will,”
“expects,” “anticipates,” “estimates,” “intends,” “believes,” “plans”
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 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 TIS 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), TIS’s
ability to successfully integrate businesses it acquires, 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.

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