Contract Valued at $760,000

TEL AVIV, Israel, March 8, 2011 (GLOBE NEWSWIRE) -- Top Image
Systems(TM) (TIS(TM)), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM
(Enterprise Content Management) solutions provider, today announced it
is has been selected to provide its eFLOW(TM) Unified Content Platform
for Argentinean census. The National Institute of Statistics and
Censuses (INDEC) of Argentina is overseeing the project, which calls
for a solution to digitally capture and process more than 187 million
census forms. The contract is valued at $760,000.

TIS's eFLOW Unified Content Platform was selected over several strong
and competing solutions for the Census. The project requires a system
capable of processing large amounts of documents over a four and a half
month period. Extensive testing and benchmarking were conducted as part
of the selection process whereby eFLOW proved capable of delivering the
highest level of accuracy in the time specified. Moreover, eFLOW
enables easy and efficient integration with INDEC's existing legacy
systems.

"TIS's world-renown reputation for delivering first-class results with
census projects was one of the major factors leading to the selection
of eFLOW for the Argentina Census," stated Ricardo Campelo, Director of
Americas for TIS. "Being selected for another census project further
cements the Company's status as the leading solutions provider in the
content management sector. Additionally, a project of this caliber
demonstrates the Company's commitment to its plan to focus on large
scale opportunities."

TIS's extensive work and success with census projects has branded the
Company as the partner of choice for census projects, especially in
countries where TIS has been chosen for the second or third census.

About Top Image Systems

Top Image Systems 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 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. Visit
the company's website http://www.TopImageSystems.com for more
information.

The Top Image Systems logo is available at
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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.


CONTACT: Dana Rubin
         Director of Corporate Marketing and Investor Relations
         dana.rubin@topimagesystems.com
         +972 3 767 9114