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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: Skywatcher who wrote (18)	6/23/1998 11:49:00 AM
From: Skywatcher	Read Replies (1) of 436

Come on people, THINGS ARE STARTING TO HAPPEN with this little guy. TiS Signs $5.65 Million US Distribution Agreement Move Marks Significant Penetration of TiS' AFPSPro Into The North American Market TEL AVIV, Israel, June 23 /PRNewswire/ -- TiS - Top Image Systems Ltd. (''TiS'') (Nasdaq: TISAF -news, TISWF - news) announced today that the Company signed an exclusive distribution agreement with Dakota Imaging, Inc. (''Dakota''), a leader in automated forms processing solutions for UNIX based production environments, under which Dakota has committed to pay TiS $5.65 million in quarterly installments, over the next 24 months. Under the terms of the agreement, TiS will supply its award winning AFPSPro automated forms processing solution, to solve Dakota's overwhelming need to provide their existing and potential customer base with a solution for NT based environments. Saw the jump coming yesterday with some buying of the TISWF's and recently there has been 'decent' volume on the stock. We are due. chris

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