February 1, 2010 2:30 AM EST

TEL AVIV, Israel, Feb. 1, 2010 -- Top Image Systems, Ltd. (Nasdaq: TISA) (TASE: TISA), the leading innovator of intelligent document recognition, and Raven Imaging, a specialist in the supply and maintenance of imaging software, hardware and storage equipment in South Africa, announced today that they have been selected by Computershare South Africa to process, index and classify more than 30 million documents and convert them into electronic records.

Computershare South Africa is a subsidiary of Computershare Limited, the world's leading financial services and technology provider to the global securities industry. Computershare South Africa provides services to 83 percent of the companies listed on the Johannesburg Stock Exchange (JSE).

TIS's eFLOW will enable Computershare South Africa to convert its stock exchange listed clients' share transfer records into electronic records. These records comprise of eight different forms including share transfer forms, share certificates, dematerialisation receipts and similar documents evidencing shareholders rights to listed securities.
In order to ensure the highest level of local support, TIS has joined forces with Digital Archiving Systems (DAS), a leading hosted content management and advanced forms processing technology provider throughout the African continent.

Ronald Melamed, owner of DAS commented: "Using TIS's eFLOW, an average of 22,000 documents are processed per day. The main advantages of eFLOW in this project are its ability to substantially reduce the manual capture requirements over the full range of forms and other documents being processed and to be able to deal with the wide range in quality of the images. eFLOW therefore not only reduces editing costs, but also improves the accuracy of the metadata. In addition, the statistics produced by eFLOW are useful in generating meaningful production reports."

Jonathan Scott, the CEO of Raven Imaging remarks that, "eFLOW is the only document recognition system that has been capable of meeting the requirements of this very demanding project. Its high intelligence levels provide it with the flexibility to interpret most of the array of images we have encountered. Our experience of eFLOW, and the support we have received from TIS and DAS in its implementation makes it our document recognition system of choice."

Mr. Gelb, Executive VP of TIS concluded: "This win further establishes our presence in South Africa and once more validates eFLOW's technological superiority. We are happy to meet the strict requirements of this high volume project that brings together strong players and present an extended offering that may serve other projects in the future."

About Raven Imaging
Raven Imaging specializes in the supply and maintenance of imaging software, hardware and storage equipment in the South African and broader African market. The approach is unique in that it defines the problem from a solution perspective to ensure little or no down time is experienced. The focus is on facilitating the smooth operation of any system that is dependent on imaging and storage. Raven is nationally represented and provides service and maintenance on the following product range: Fujitsu, Bell Howell, and Kodak scanners, Hewlett Packard, Pioneer, Plasmon and ATG Cygnet optical Jukeboxes. For more information visit www.ravenimaging.com

About Computershare
Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialized financial and communication services. Many of the world's largest companies employ our innovative solutions to maximize the value of their relationships with investors, employees, customers and members.
Computershare has approximately 10,000 employees across the world and serves 14,000 corporations and 100 million shareholders and employee accounts in 17 countries across five continents. For more information visit www.computershare.com

About Digital Archiving Systems
Digital Archiving Systems (DAS) has been providing solutions in the field of imaging since 1996. DAS is a leader in hosted document management and advanced forms processing technology. DAS also runs an outsourcing bureau for back scanning or ongoing scanning and data capture requirements. Based in South Africa, DAS provides solutions throughout the whole African continent. For more information visit www.das.co.za

About Top Image Systems
Top Image Systems is the leading innovator of enterprise solutions for intelligent document recognition, data extraction and validation of content entering organizations from various sources. Whether originating from electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization, such as ERP, CRM, IPS, PPC-systems and other operational application systems. TIS's eFLOW Unified Content 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 and direct sales. Visit the company's website 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, particularly statements regarding future operating or financial performance such as statements regarding trends, demand for our products, expected deliveries, transaction, expected revenues, operating results, earnings and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," "intends," "believes," "plans" 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 plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), TIS's ability to successfully integrate businesses it acquires, litigation (including litigation over intellectual property rights), 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: Top Image Systems Ltd. Adi Bar-Lev, Director of Marketing and IR +972 3 767 9100 adi@topimagesystems.com