TiS Expands Operations: New Office Created to Handle Success of AFPSPro in Hispanic America
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Company Press Release
SOURCE: TiS America, Inc.
MIAMI, May 6 /PRNewswire/ -- TiS - Top Image Systems (''TiS'') (Nasdaq: TISAF - news, TISWF - news) announced the opening of a new office located in Florida, to provide additional sales support and services for Hispanic American partners and clients.
According to Nir Shoshani, Managing Director of TiS America, TiS' increased presence in the Hispanic American market is due to consistently increasing sales of its flagship product, AFPSPro, Automated Forms Processing System. At present, TiS serves over seven production sites in Hispanic America.
''Administrators of private pension funds in Hispanic America are all faced with similar challenges. TiS has already overcome the 'un-formatted annex problem' for AFP (Chile, Colombia and Peru), AFJP (Argentina) and Afores (Mexico). The solution provided by AFPSPro has proffered a great return on investment for our existing client base, which, accordingly, is growing at an accelerated pace,'' stated Mr. Shoshani.
Mr. Shoshani added, ''We are very pleased that the Hispano American choice for automating data entry is TiS' AFPSPro, thus driving our business expansion. Such expansion further strengthens TiS' position as an industry leader and reflects the fact that AFPSPro is not only meeting but exceeding customer expectations.''
TiS America, Inc. is a subsidiary of TiS - Top Image Systems, Ltd., which develops and markets form processing, information recognition and data entry software, systems and technologies. The Company's software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS's award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. For more information, the Company's web-site can be reached at www.tis.co.il; or contact TiS America at 13111, 3245 N.E. 184th St., Aventura, FL. 33160; Tel: 305-792-9660; Fax: 305-792-9680
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.
SOURCE: TiS America, Inc.
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