Top Image Systems Names Lior Lurye to Its Board of Directors

TIS's Annual Meeting of Shareholders Will be Held At the Company's Offices On February 9, 2009 At 10 a.m. (Jerusalem Time)

• Press Release
• Source: Top Image Systems Ltd.
• On 3:30 am EST, Monday January 5, 2009

TEL AVIV, Israel, Jan. 5, 2009 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (NasdaqCM:TISA - News) (TASE:TISA), the leading innovator of intelligent document recognition, today announced the addition of Lior Lurye to its Board of Directors. Ms. Lurye will also serve as a member of TIS's Audit Committee. Mrs. Aliza Sharon will be departing from the Board of Directors.

Related Quotes

Symbol	Price	Change
TISA	0.75	+0.05

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Ms. Lurye is currently the CEO and owner of Lior Lurye Computer Applications Ltd. and controls Aroma Management Services Ltd. For approximately 10 years, in the context of both companies, she has engaged in the provision of technical and business counsel to companies with regard to information systems, cellular application systems, Internet, CRM and telephony, call centres and automatic services on the Internet. Ms. Lurye has an Executive MBA, cum laude, from the University of Tel Aviv and a B.Sc. in Mathematics and Computer Science from Touro College.

Dr. Ido Schechter, Chief Executive Officer of TIS commented, ``We would like to thank Aliza Sharon for her dedication and support over the past year, while expressing our excitement to have Lior Lurye join TIS's Board of Directors and serve on our Audit Committee. Lior's extensive knowledge and experience of information systems and business models make her an ideal and strong addition to our Board. We look forward to Lior's significant contributions helping to advance TIS's global leadership.''

TIS would also like to inform that its 2008 Annual Meeting of the Shareholders will be held at the Company's offices at 2 Habarzel St., Ramat Hahayal, Tel Aviv, Israel, on February 9, 2009 at 10 a.m. (local time). TIS's Shareholders of record at the close of business on January 12, 2009 will be entitled to receive notice of and to vote at the Meeting and any adjournments thereof. The notice and proxy statement are also available on the company's website at http://www.topimagesystems.com/Page.asp?Par=6&id=42.

About Top Image Systems

Top Image Systems (TIS) 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

``Safe harbor'' statement under the Private Securities Litigation Reform Act of 1995:

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. 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 Public and Investor Relations 
          +972 3 767 9114
          adi@TopImageSystems.com