Largest Bank in Brazil Invests More Than $1 Million in TIS's Solution

TIS's eFLOW Processes 60 Million Accounts Statements

• Press Release
• Source: Top Image Systems Ltd.
• On 3:00 am EDT, Monday September 14, 2009

TEL AVIV, Israel, Sept. 14, 2009 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA - News) (TASE:TISA), the leading innovator of intelligent document recognition, announced today the successful execution of a saving accounts statement processing project for Banco do Brasil. The project is valued at over US$1 million.

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Banco do Brasil is the largest financial institution in Brazil, and one of the oldest active banks in the Americas. With 24.4 million clients and 15.1 thousand points of service in 3.1 thousand cities and 22 countries, it serves every segment of the financial market, and since 2000 is one of the four most profitable Brazilian banks.

Aiming to meet government regulations, Banco do Brasil was looking for a solution to capture and process 60 million savings account statements stored over 60,000 microfiches. After technologically benchmarking several solution providers, Banco do Brasil selected TIS's eFLOW to restore information for balances and interest rates applied incorrectly due to 20 year old Brazilian economic plans. TIS was represented by its local partner, Politec, that brings an expanded package of expertise in IT solutions for governmental agencies, and shows revenues in excess of US$300 million.

The bank set a time frame of 12 months, while the project was successfully completed in just 11 months. Recognition rates surpassing 90% allowed for tremendous savings on human resource expenses as compared to the project plan.

"This project demonstrates our superiority within the banking sector, where our solutions are being used around the globe to transform labor intensive tasks into an automated, efficient and accurate system, while driving down costs," Dr. Ido Schechter, CEO of TIS, commented. "Many financial organizations are now looking into ways to restore operations and expand their offering to customers. With the wealth of experience we have working with financial organizations, we are in an advantageous position to benefit from the anticipated developments in this market and support our customers in the challenges they face."

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'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. 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.

Top Image Systems, Ltd.
Adi Bar-Lev, Director of Marketing and IR
+972 3 767 9114
adi@topimagesystems.com