TEL AVIV, Israel, July 25, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) solutions provider, announced today that it is presenting at the conference "Retail Banking Africa 2011 - Leveraging Opportunities in Africa's Consumer Business", to be held at the Hyatt Regency in Johannesburg, SA on 26-27 July, 2011. Michael Schrader, Managing Director TIS EMEA, and Clive Williams, TIS Senior Vice President Global Banking, will deliver a presentation entitled "Managing Risk while Gaining Competitive Advantage - The Application of an Enterprise Content Management Platform for Banking".
TIS continues to actively expand its business activities in South Africa, not only in banking, finance and insurance, but also across the private and public sectors. Earlier this year TIS announced the selection of eFLOW™ by the South African statistical office, STATS SA (Statistics South Africa), who will begin a project to process the upcoming census as well as all other surveys starting in October 2011. Following this win, TIS is working closely with its partner DAS (Digital Archiving Solutions) to develop a strong local presence through the implementation of additional projects at South African banks and industrial enterprises.
Commented Dr. Ido Schechter, CEO of TIS, "We are committed to developing our presence in South Africa as well as to expanding Top Image Systems' activities in the banking and financial industries worldwide. We have opened offices in Johannesburg and are confident that our participation at 'Retail Banking Africa 2011' will significantly promote our business activities in the growing South African market."
About Top Image Systems
Top Image Systems™ (TIS™) is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Platform is a common platform for the company's solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website http://www.TopImageSystems.com for more information.
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Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.