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Technology Stocks : Top Image Systems Ltd. (TISA) -- Ignore unavailable to you. Want to Upgrade?


To: Harry J. who wrote (366)11/19/2001 2:31:56 PM
From: Skywatcher  Respond to of 436
 
Top Image Systems Announces Significantly Improved Earnings in the Third Quarter, 2001

Profit from 3rd Quarter Core Operations Increases 35% Compared with 2nd Quarter 2001

TEL AVIV, Israel, Nov. 13 /PRNewswire/ -- Top Image Systems, Ltd. (Nasdaq: TISA -
news), a leader in enterprise solutions for managing and validating content entering
organizations, today announced improved performance for the third quarter ended
September 30, 2001. The company reported net income of $77,383 in the third quarter after
eight consecutive quarters of losses. The company generated a profit of $374,000 in the third
quarter on TiS core operations, before deducting costs for its e-Mobilis subsidiary and the
ASP initiative.

For the third quarter of 2001, revenues increased 9 percent to $3.32 million compared with
$3.04 million in the third quarter of 2000. Revenues in the third quarter of 2001 increased
5% compared with the second quarter of 2001, continuing the quarter-over-quarter revenue
increase since the beginning of the year. Net income in the third quarter was $77,383
compared with a net loss of $1,363,123 in the same period of 2000 and a net loss of
$139,481 in the second quarter of 2001. Income per share was $0.013 compared with a
loss per share of $0.216 in the same period of 2000 and a net loss per share of $0.023 in the
second quarter of 2001.

Speaking of heads up!
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To: Harry J. who wrote (366)11/20/2001 11:52:59 AM
From: Skywatcher  Respond to of 436
 
Top Image Systems and Unisys Latin America.

TEL AVIV, Israel, Nov. 20 /PRNewswire/ -- Top Image Systems Ltd. (Nasdaq: TISA - news), a leader in enterprise
solutions for managing and validating content entering organizations, announced today a strategic agreement with Unisys Latin America and Caribbean Group. The agreement covers all countries in the region except Mexico. Top Image Systems is a leading innovator of enterprise solutions for managing and validating content and data entering organizations.

The agreement calls for the two companies to coordinate marketing and sales activities in the region in support of integrating Top Image Systems' eFLOW Unified Content Platform with Unisys' product offerings and systems integration business.
Top Image Systems recently announced that the company partnered with Unisys to win a major project at FEBRABAN, the Confederation of Banks of Brazil.
``Top Image Systems' eFLOW platform strategy to manage content entering an enterprise from any source and delivering the content to enterprise applications fits in well with our target markets,'' stated Ricardo Campelo, Manager of Unisys e-@action Business Process Solutions Group in the Latin America & Caribbean Region.
Nir Shoshani, President of TiS America commented: ``Unisys is the leading systems integrator in the region and our partnership will introduce TiS to a wider market, resulting in expanded sales opportunities.''
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