Top Image Systems Signs US Customers for MobiPAY and Other Mobile Capture Solutions

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NEW YORK & TEL AVIV, Israel, May 28, 2013 (GLOBE NEWSWIRE) -- Top Image Systems (TIS), Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management) intelligent content capture, workflow and delivery and mobile payments solutions provider, announced today that the company has signed contracts with three US customers to purchase MobiPAY and other of our mobile capture solutions. These solutions leverage twenty years of knowledge accumulated in the development of intelligent capture, workflow and delivery software now extended to process content using smartphones and tablets.

"These three mobile solution sales in the US in 2013 represent just the beginning of Top Image Systems' realizing its mobile application potential," said Omri Gelb, General Manager and Executive VP of Top Image Systems North America. "We opened the US office in the second half of last year, a decision made due to inbound interest in our mobile platform of applications and as a part of our growth strategy. We are pleased to start converting sales and executing on our plan. The pipeline of interest in our mobile solutions has been enormous in what analysts estimate to be a multi-billion dollar mobile industry. We've added new sales staff this year to bring our US headcount to ten, based on mobile activity as well as interest in our enterprise capture solutions. The exponential growth potential of mobile complements the expansion of our capture and workflow offerings to the US."

Mr. Gelb continued, "Last year the industry took notice of our technology, particularly with Forrester naming Top Image as one of five leaders in its 'Wave' report. Now customers in the United States can take advantage of our innovative solutions as we expect strong momentum from our landmark first US mobile and enterprise capture contracts. We are in the right place with the right technology at the right time."

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 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.

CONTACT: Company Contact: Shelli Zargary Director of Corporate Marketing +972 3 767 9114 Or Investors: James Carbonara Regional Vice President, Hayden IR + 1 646 755 7412

Source:Top Image Systems Ltd.