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Top Image Delays Annual General Meeting of Shareholders

TEL AVIV, Dec. 13, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, today announced that its Annual General Meeting of Shareholders, which was scheduled to take place on December 14, 2015 at 10 a.m. Israel time, has been rescheduled to take place on December 28, 2015 at 10 a.m. Israel time. The location at which the meeting is to take place - at the Company’s Israel headquarters at B.S.R. Tower 1, 2 Ben Gurion St., Ramat Gan, Israel - remains unchanged. Shareholders of record at the close of business on November 25, 2015 are entitled to vote at the rescheduled meeting and at any adjournments.

The Board of Directors has elected to adjourn the meeting to allow additional time in order to communicate with shareholders about certain proposals and to consider feedback received from some significant shareholders regarding certain proposals. The Company expects to accomplish these tasks in the time remaining prior to the rescheduled meeting date and will communicate any relevant material information.

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 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.

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.


Company Contact: Shelli Zargary Director of Corporate Marketing shelli.zargary@topimagesystems.com +972 3 767 9114 Investors: James Carbonara Regional Vice President, Hayden IR james@haydenir.com + 1 646 755 7412

Source:Top Image Systems Ltd.