Top Image Systems Inc fka TISA

[midastouch017]

Top Image Systems and J&B Software Inc. Win Three New Government, Transportation and Media Projects in the USA
Monday September 24, 3:00 am ET
Average Deal Size for the TIS Components Exceeds $300K

TEL AVIV, Israel, Sept. 24, 2007 (PRIME NEWSWIRE) -- Top Image Systems, Ltd. (NasdaqCM:TISA - News) (TASE:TISA) (``TIS''), a leading innovator of intelligent document recognition, and J&B Software, Inc., a premier provider of enterprise-wide payment system solutions and integration services, announced today that together they recently won three (3) major projects in the USA.

TIS and J&B Software Inc. announced their strategic partnership in March 2007. In the short time since this arrangement was finalized, the two companies have succeeded in aligning their joint sales activity by winning three (3) major deals and responding to several additional opportunities that are expected to close in Q4/2007.

Under the partnership agreement, J&B Software Inc. has agreed to offer eFLOW, TIS's flagship document capture solution, to its large client base as well as any new client activity in the transaction processing and financial services industries.

The first three (3) clients resulting from the new partnership are in the government, transportation and media industry market segments. The average deal size for the TIS components exceeds $300K. In these projects, TIS and J&B utilize various technologies and products based on the eFLOW platform, including Freedom for efficient semi-structured document processing and Smart for robust document classification systems in addition to J&B's core processing technologies.

These implemented solutions include classifying and extracting data from government application forms; connecting to lockbox and processing account receivable documents; and processing invoices and remittance skirts with a list of invoices to balance against accounting systems and update payments.

``We are extremely pleased with the close cooperation and strong relationship between J&B and TIS and the fact that our efforts are already bearing fruit,'' said Dr. Ido Schechter, CEO of Top Image Systems. ``The combination of J&B's strong presence in the market, its vast experience in providing a powerful Transaction Management System (TMS) solution, and TIS's technological state-of-the-art input information solution provides our clients with the ultimate solution for complex and large data capture projects. Our joint clients will now enjoy a significant reduction in manual data entry associated with data extraction and the ability to combine full page data capture with financial applications. We continue to work closely with our partner J&B to increase our presence in the market which will provide for more joint opportunities in the future.''

``As evidenced by the rapid completion of these deals, the market obviously appreciates the strength of our combined solution and sees its potential for better managing information transactions and reducing related costs,'' said Robert Bartlett, President and COO of J&B Software Inc. ``The synergy of TIS's technology and J&B products and solutions has created a strong start to the success of our partnership. Proposals outstanding continue to increase and we fully expect to start several new projects by year end.''

About J&B Software, Inc.

J&B Software revolutionized the image based payment processing industry. Today J&B provides market leading automated payments, electronic transaction processing and management systems to over 165 industry leading organizations, including regional and money center banks, insurance companies and mutual funds, credit card and student loan processors, telecom, utilities, government, nonprofit and commercial organizations.

The company's reputation for excellence is built on a foundation of industry expertise coupled with an extensive library of core applications and product modules and a firm commitment to optimizing the use of open architecture software and hardware platforms. J&B's Hub and Spoke(tm) architecture consolidates management, core technology and business applications, that results in reduced complexity, better use of skills and a way to ``futureproof'' legacy and backend applications at lower overall costs. J&B Software's application suite includes solutions for remote image capture, ARC and check 21/image exchange, remote data entry, as well as core applications for wholesale and retail lockbox, full-page forms processing, transaction archive, and online customer query.

J&B Software is a privately held company with more than 25 years of experience. J&B and its 400 plus employees are committed to improving its customers' operational effectiveness and profitability. For more information, visit the company Web site at http://www.JBsoftware.com or call [phone].

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