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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 (185)4/2/1999 1:15:00 PM
From: Skywatcher   of 436
 
THIS LOOKS VERY PROMISING!!!!!!
PARTICIPANTS FROM ALL OVER EUROPE ATTEND TIS' INTERNATIONAL
CENSUS SEMINAR

Governments all over the world are required to hold periodic population census' in their countries.This need caught the eye of TiS, who, two years ago, decided to establish a unique Government Projects Division, to be focused on census projects.
Among its many activities in the census arena, the Division decided to hold an International Census Seminar for European statistical offices, where senior officials from central statistics offices could share their experiences and problems and listen to TiS' unique solutions.
TiS' specialized Government Projects Division accentuates the importance that TiS accords to censuses. The special division allows TiS to both focus completely on this field and to learn the client's needs, enabling TiS to formulate a unique solution perfectly adapted to the statistical offices' technical and operational expectations, as was .
During the seminar, Prof. Yeshurun from the Tel-Aviv University,
Chairman of the Israeli Committee for Information Technology, and TiS
Chief Scientist, exposed advanced recognition methodology and TiS' Chief Operating Officer, Amit Ben-Zvi, shared TiS' experience with similar large-scale projects worldwide. In addition, Hagit Halperin, TiS International Sales Director, presented the Turkey census case study, while Tal Marom, Director of Government Projects Division and Mr. Ben Zvi shared TiS' experience regarding census projects worldwide.
TiS' hands-on experience includes the 1998 census in Turkey, where TiS
processed over 650,000 forms per diem (in a peak day) during 30 days;
South Africa's Life Insurance Company (Sunlam), which included
streamlining and updating Sanlam's over 1.8 million policy-holders' records in a month; and the Deutsche Post's verification project of over 60 million records in 6 weeks.
Till now, typical products on the market proposed only ready-made
solutions, which did not differentiate between census and other projects.
TiS' approach differs in that we first learn all aspects of the project and only then offer an all-encompassing, tailored solution for census", said Tal Marom.
According to seminar participants, the seminar paved the way for an
on-going discussion and cooperation among the participants, opening the way for additional such seminars in the future.
TiS - Top Image Systems, Ltd., 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' award-winning AFPSPro software provides a
complete, cost-effective, reliable solution for mid to high-volume production form processing. For more information on TiS, you can visit the Company's Web Site at www.tis.co.il.
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.
T.i.S. Contact Information:
T.i.S. - Top Image Systems, Ltd.
2 HaBarzel St.
Ramat Hahayal Tel-Aviv 69710, ISRAEL
Tel: +972-3-6487722
Fax: +972-3-6486664
Web: tis.co.il
Email: contact@tis.co.il
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