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Technology Stocks : Top Image Systems Ltd. (TISA)
TISA 0.850-0.5%May 6 5:00 PM EST

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To: Fraser Parsons who wrote (281)9/8/1999 11:51:00 AM
From: Skywatcher  Read Replies (1) of 436
 
Top Image Systems Appoints Peter Nowak General Manager of TiS
Germany
TEL AVIV, Israel, Sept. 8 /PRNewswire/ -- TiS -- Top Image Systems, Ltd. (Nasdaq: TISA - news, TISAW - news), a leader in the forms processing software solutions market, today announced the appointment of Peter Nowak to General Manager of TiS Germany. Mr. Nowak will
be responsible for all aspects of TiS' business operations in Germany including, sales, marketing and customer support.
Mr. Nowak most recently held the position of Director of International Business at Digitale Systeme fur Archivierung GmbH (DSA), where he was responsible for European sales and OEM agreements for DSA's scanning media services and document management and archiving systems. Prior to this, Mr. Nowak served as a partner and senior executive at Electronic Media Management Group GmbH (EMM) with responsibility for mergers and acquisitions, sales and marketing.
Izhak Nakar, CEO and President of TiS commented, ''Following Tis UK and TiS America, TiS Germany is the next step in our worldwide strategy to expand our operations in high-growth markets. The forms processing and image recognition market in Germany is expanding rapidly and TiS will be in a strong position to increase our business in large installations similar to Deutsche Post. Peter Nowak brings more than fifteen years of experience in sales and business development to TiS and will lead us into our next stages of growth in Germany.''
Peter Nowak commented, ''TiS and its flagship product, AFPSPRO, are well- recognized as leaders in the German market. AFPSPRO is the only product that is able to provide an automated forms processing solution for mid to high volume applications. We intend to aggressively develop our marketing and distribution channels and we expect to expand our penetration in a number of industries including telecommunications, banking and finance, insurance, health care, government and others.''
Well, not much else being announced here...looking for some REAL info on earnings and contracts....still nothing.
chris
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