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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 (93)11/16/1998 10:32:00 AM
From: Skywatcher   of 436
 
Moving stronger into new markets!
IBM-Japan, Toyo Ink and TiS Announce
Agreement to Sell and Market AFPSPro in Japan
TEL AVIV, Israel and TOKYO, Japan, Nov. 16 /PRNewswire/ -- TiS - Top Image Systems, Ltd., (Nasdaq: TISAF - news), Toyo Ink and IBM-Japan, today announced that the EDMS Division of Toyo Ink has entered into a partnership with IBM Japan for releasing TiS' flagship product, AFPSPro, an automated forms processing solution. TiS' AFPSPro is currently marketed and sold in Japan by IBM-Japan
Mr. Kazuo Sasaki, IBM Japan Ltd.'s Manager of Cross Industry & New Information Infrastructure stated, ''We are excited to start selling TiS' AFPSPro in Japan. We chose the TiS solution for its established
success in the Japanese market, leading edge technology, illustrated by its flexibility, superior recognition engine read rate and ease of system set up.''
Takemichi Watanabe, General Manager of the newly formed EDMS Division, said, ''HASSO, which is now the EDMS Division of Toyo Ink, has consistently profited from TiS' AFPSPro and maintained a satisfied customer base. The corporate restructuring resulting from the initiation of this relationship with IBM-Japan is a significant step towards strengthening and expanding the already large install base of the TiS product, with the cooperation and support of a recognized world technology leader, IBM.''
Let's get this damn ball rolling!
chris

''We are very pleased about the new partnership with IBM-Japan,'' commented TiS CEO and Chairman of
the Board, Izhak Nakar. ''Forming this agreement illustrates the leading role the TiS forms processing
product has in the Japanese market. A solid customer base and strong product recognition will continue to
grow our business with a partner in IBM-Japan.''
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