Management screws warrant holders!!!
Top Image Systems Warrants to Expire
TEL AVIV, Israel, Nov. 3 /PRNewswire/ -- TiS -- Top Image Systems, Ltd., (Nasdaq: TISA, TISAW), a leading innovator in digital information recognition and data capture software solutions, today announced that the Company's redeemable ordinary share purchase warrants, issued in connection with its initial public offering, will expire on November 22, 1999. Each of the 600,000 warrants issued entitles the holder to purchase one ordinary share of Top Image at $6.
Top Image Systems, Ltd. (TiS) is a leading innovator of digital information recognition and data capture solutions for forms processing, e-form and Internet applications. The Company's dynamic platforms provide real time solutions for accurately capturing and processing data at high speeds, enabling enterprises to optimize e-form applications, as well as service the manual forms market. TiS markets its products in more than 25 countries through a multi-tier network of distributors, system integrators and value added resellers, as well as strategic partners. For more information on TiS, visit the Company's web site at topimagesystems.com.
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties 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, general economic conditions and other risk factors detailed in the Company's United States Securities and Exchange Commission filings.
/CONTACT: Izhak Nakar, Chairman of the Board and CEO of Top Image Systems, Ltd., 972-3-648-7722, izhak@tis.co.il; Rachel Levine or Marilena Michaelidou, Investor Relations, both of The Anne McBride Co., Inc. 212-983-1702, mcbrideco@aol.com, for Top Image Systems, Ltd./ |
