NORCROSS, GA, May 20, 2013 – TransCentra, a leading provider of billing and payment software and services, today announced its thought leaders will participate in two separate educational sessions at The Institute of Financial Operations’ Fusion 2013 conference, in Orlando, Fla., May 19-23.

The two sessions will provide attendees with deeper insight, best practices and real world case studies related to key areas of interest and concern for the financial services industry, such as the evolution of lockbox and the importance of data analytics in electronic content management (ECM). In addition to both educational sessions, TransCentra will be showcasing several related solutions at booth 314 on the tradeshow floor.

The Future of Lockbox
Monday, May 20, 11:00 a.m. – 12:00 p.m. EST
Paul Diegelman, senior vice president and practice manager, TransCentra
Blaine Carnprobst, CTP, managing director, Receivables Product Line, BNY Mellon
Ron Victor, executive director, Receivables Product Management, JPMorgan Chase
John Mintzer, RBS Citizen
Steve Nugent, Fifth Third Bank

This session will provide attendees involved in wholesale and retail payment processing with valuable insight into what’s new, changing and simply disappearing within today’s lockbox industry. The panel of experts will address a wide range of topics during the session including contracting for services and service levels, the changing competitive landscape, new services and business models, and key differentiators between providers.

Turn Off the Content Management Fire Hose: Why ECM Made the Most Cents
Tuesday, May 21, 11:00 a.m. – 12:00 p.m. EST
John Kincade, vice president, TransCentra
Rod McLeod, vice president, IT, Brookfield Global Relocation Services

Rod McLeod of Brookfield Global Relocation Services will present a case study detailing the practical side of building a strong business case for document automation and handling obstacles along the way, while TransCentra’s John Kincade will explore potential new ways of leveraging ECM as a driver for revenue-generating analytics programs.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

Citizens Union Bank Enhances Payment Processing Capabilities
for Business Banking Customers with TransCentra

SHELBYVILLE, Ky. and NORCROSS, Ga. – April 8, 2013 – – Citizens Union Bank (CUB) today announced it has partnered with TransCentra, a leading provider of billing and payment software and services, to provide lockbox processing services to CUB’s business banking customers. This strategic alliance is designed to help CUB maintain its strong focus on retaining customer relationships, expanding product and service capabilities and growing fee-based revenues.

“Citizens Union Bank is committed to finding new and better ways to serve our business banking customers,” said Kim Dodson, CTP, first vice president and treasury services division manager. “TransCentra’s technical and operational lockbox expertise will help us simplify and accelerate accounts receivable processing for our treasury management customers.”

TransCentra’s Private Label processing services – offered exclusively to the treasury management units of banks and financial institutions – combine the capabilities of its industry-leading Transaction Management System (TMS) platform with the largest outsourced payment processing network in the United States to deliver bank-branded services that include:

• Wholesale Lockbox
• Automated Wholesale (“Whole-tail”) Lockbox
• Retail Lockbox
• Remote Lockbox
• Industry Specialized Processing for Property Management and Healthcare
• Integrated Paper and Electronic Payment Reporting

“Citizens Union Bank came to us with the organizational goal of offering additional services that will help their business customers grow,” said Lynn Boggs, chief executive officer of TransCentra. “As a company, we approach our relationships with customers as true partnerships and look forward to working with an organization like CUB that places a high premium on enriching the lives of their customers and the communities in which they reside.”

About Citizens Union Bank:
Citizens Union Bank (CUB) offers a wide range of business banking services with a community approach. The Bank has 15 convenient locations throughout Louisville and the surrounding counties of Shelby, Spencer, Oldham, Bullitt, LaRue and Hardin. The management team and staff live in these communities where they share common heritage and values. Because of this CUB makes financial decisions based on local economic factors and considers each business individually. To learn more find us at www.cubbank.com.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.
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Contact:
Elizabeth McMillan, APR
For TransCentra
678.781.7224
pr@transcentra.com

Stephen Sprayberry
For TransCentra
678.781.7207
pr@transcentra.com

- Increased convenience, improved cash flow cements existing
customer relationships, attracts new ones -

NORCROSS, GA – December 12, 2012 – Customers of one of Texas’ largest banks, Frost Bank, are now able to deposit any check or money order remotely from any location, not just a branch or ATM. This service is offered through the bank’s Digital Services for personal and business customers and is driven by eCapture, a browser-based remote deposit capture solution, from TransCentra, a leading provider of billing and payment software and services.

“Banking today must be easy, fast and secure,” explained Bobby Berman, group executive vice president of Frost Bank. “The traditional constraints of branch hours and locations have been eliminated in order to best serve our customers. That is why we offer to both our personal and business customers the many benefits of remote deposit capture. Our customers responded so positively that we exceeded in just one quarter our entire annual projection for signups.”

TransCentra’s eCapture product was initially integrated with Frost’s existing technology infrastructure in October 2011 and offered to customers on a limited basis. The deposit of personal, business, traveler’s, cashier and U.S. Treasury checks as well as money orders is now available to all of the bank’s Digital Services customers, reaching nearly three-fourths of the bank’s individual customers and more than half of its business customers. The bank expects to offer mobile remote deposit capture in the next year.

“Remote deposit capture is quickly becoming table stakes for financial institutions as a means to both attract new customers and retain existing ones,” says Lynn Boggs, chief executive officer of TransCentra. “As customers look for multiple ways to interact with financial institutions when and where they want, we will continue to provide those avenues to strengthen valuable customer interactions, whether through RDC, mobile, or app.”

By using a standard TWAIN-compatible scanner, customers can make deposits online simply by selecting the appropriate account, entering the deposit amount and scanning the front and back of the check. Once submitted, eCapture validates the images for Check 21 compliance and processes the information through TransCentra’s workflow, risk management and clearing modules for business rules application, compliance and clearing purposes. These business rules, such as exception management and fraud monitoring, can easily be customized by the financial institution.

TransCentra ensures security through a complete audit trail for the transaction and does not store any information on the customer’s browser. The entire transaction is subject to 128-bit encryption.

About Frost:
Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $21.8 billion in assets at September 30, 2012. One of 24 banks included in the KBW Bank Index and a top-50 U.S. bank by asset size, Frost provides a full range of business and consumer banking products, investment and brokerage services, insurance products and investment banking services to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped Texans with their financial needs during three centuries. For more information, visit www.frostbank.com.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

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Combination of Platform, Services and Operations Management Proves Key to Successful Partnerships with Financial Institutions

NORCROSS, GA – October 15, 2012 – In the current competitive and regulatory climate, U.S. financial institutions are driven to grow fee-based revenues, protect critical corporate client relationships and expand lockbox capabilities and footprint. In order to address these growing pressures, TransCentra, a leading provider of billing and payment software and services, today announced the broad availability of its Private Label Payment Processing Services, enabling banks to better utilize their existing resources, improve customer service and focus on revenue-generating programs.

“Financial institutions are left with difficult decisions to make between funding new, high growth programs or continuing to invest in and support critically important but slower growing services,” said Lynn Boggs, chief executive officer of TransCentra. “We make these decisions easier by alleviating the pressure on processing support and allowing banks to pursue key initiatives without sacrificing the latest advances in payment technology.”

TransCentra Private Label Services allow the treasury management divisions of financial institutions to offer advanced payment processing services, under their own brand, to their institutional and corporate customers. TransCentra combines the premier capabilities of its wholly-owned and industry-leading Transaction Management System (TMS) platform with the largest outsourced payment processing network in the United States to deliver:

• Wholesale Lockbox
• Automated Wholesale (“Whole-tail”) Lockbox
• Retail Lockbox
• Remote Lockbox
• Industry Specialized Processing for Property Management, Healthcare
• Integrated paper and electronic payment reporting

“In designing an effective Private Label service, each bank has specific needs that will help them achieve their individual business goals,” said Paul Diegelman, senior vice president of Private Label Services for TransCentra. “Because TransCentra brings together our platform and services with the operational expertise of the largest lockbox provider in the nation, we are very flexible and creative in how we devise solutions for our bank clients. As a result, our bank clients achieve benefits that they would be unable to attain on their own or with other service providers.”

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About TransCentra:

Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

TransCentra Named Among Top 100 Global Providers of Financial Technology

-Prestigious recognition reflects company’s growth from innovative solutions- 

NORCROSS, GA — Oct. 12, 2012 — TransCentra, a leading provider of billing and payment software and services, today announced its ranking on the 2012 FinTech 100. The annual international listing represents the top vertical technology vendors that derive more than one third of their revenue from the financial industry as named by American Banker, Bank Technology News and IDC Financial Insights.

“Billing and payment technology and services are core to the success of financial institutions, but have become difficult, unwieldy and expensive for these organizations to manage on their own,” said Lynn Boggs, chief executive officer for TransCentra. “TransCentra’s inclusion in this year’s FinTech 100 listing validates our success in delivering solutions that address these business demands, and is further evidence of the trust that financial institutions across the country place in us to meet their billing and payment needs.”

TransCentra ranked 86^th on the list of financial technology companies that were judged according to their global revenues–attesting to the company’s stability and importance within the industry.

Throughout the past year, TransCentra has widened its focus on new and emerging needs within the financial services industry. TransCentra has grown its current offerings to include new color printing technology, a broader range of multichannel billing and payment services, and expanded Private Label Payment Processing capabilities. These technologies and services directly address the shifting business needs of TransCentra’s clients and reflect TransCentra’s dedication to helping solve its customers’ key business issues.

For more information about the rankings, visit www.financial-insights.com/fintech. To view the FinTech Special Report, visit www.americanbanker.com/fintech100.

 About TransCentra:

Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

TransCentra Leapfrogs Competition, Better Serves Clients with  Océ JetStream 1900

Advances in digital color print technology pave the way for a transactional revolution

 Trumbull, CT – October 8, 2012 – Océ, a Canon Group Company and an international leader in digital document management, today announced that TransCentra, Inc., the leader in multichannel billing and payments solutions and software to companies nationwide, has installed four Océ JetStream® 1900 inkjet printing systems in its  print locations across the country . Part of the Océ JetStream® Compact series, the systems offer high versatility in a minimal footprint.

One of the nation’s largest outsourced billers, Norcross, Ga.-based TransCentra has been delivering transaction software and services for more than 25 years, serving some of the biggest names in financial services, telecommunications, and utilities.  During the quarter-century TransCentra has been in the transactional business, color print technology has played an increasingly more important role.

“With the development of advanced print technologies, transactional documents have become a powerful communication vehicle for our customers to more effectively and dynamically communicate,” said Lynn Boggs, Chief Executive Officer, TransCentra. “We chose Océ because of the range of capabilities that this technology allows us to offer to our clients and our strong existing relationship with Océ.”

Superior Quality, Award-Winning Service
Seeking to move from a cut-sheet to a continuous feed digital printing system, TransCentra worked with the Océ team to select the Océ JetStream 1900 printing system. The system is the most effective solution to enable clients to gain efficiencies while enhancing communication with their customers.

Océ’s commitment to service was a critical factor for TransCentra, as the company sought to purchase, install, and then train and certify operators on four new Océ JetStream 1900 presses, including two with MICR. Not only did the Océ team play a key role in delivering and installing superior equipment, it stepped up to the plate and proved it understands the true meaning of the word “partner.”

“We expect the same depth of relationship from our partners that our clients expect from us,” continued Boggs. “Océ did not just provide us with printers. They hosted our customer-facing relationship managers, customer service, and salespeople at their headquarters in Boca Raton for intense training, review of best practices and common obstacles faced in transitioning to digital print.”

Boasting the ability to print 1818 color pages a minute, the Océ JetStream 1900 delivers on its promise of consistency and reliability. It also eliminates the pre-printed forms the company had relied on in the past, helping to reduce inventory and provide cost efficiencies, both for TransCentra and its customers.

“The Océ JetStream 1900 printing system was the obvious choice for TransCentra because it offers the highest level of flexibility and productivity,” said Kris Albee, Director, Product Marketing, Production Printing Systems division of Océ North America, a Canon Group company. “Not only does it deliver a white paper in, finished product out solution, but it comes with a smaller footprint and Océ’s award-winning service.”

About the Océ JetStream 1900
The Océ JetStream 1900 system offers a printing speed of 417 feet per minute, equivalent to just over 25,000 feet per hour, in digital full color. A member of the scalable Océ JetStream Compact series of high-volume, inkjet duplex printers, the Océ JetStream 1900 system expands the range from two field upgradeable speed bands of 246 and 328 feet per minute to even faster 417 feet per minute by increasing productivity by more than 25 percent. This makes the Océ JetStream 1900 system, the high-end product of the Océ JetStream Compact series, the ideal solution for cost-effective personalized, full color printing.

Transactional applications, direct mail documents or short-run books are often characterized by tight production windows and very high peak loads. This is where the Océ JetStream 1900 system reveals its strengths and economic advantages. For cost-effective production, the standard InkEconomy feature can reduce overall ink consumption and facilitate substantial ink savings. Users also benefit from the reliability, print quality and media range associated with the Océ JetStream family.

About TransCentra
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications.

About Océ
Océ is one of the leading providers of document management and printing for professionals. The Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the Fortune Global 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 100 countries and employs more than 20,000 people worldwide.  Océ North America is headquartered in Trumbull, CT, with additional business units in Chicago, IL and Boca Raton, FL.  For more information, visit www.oce.com.

Océ and Canon: Stronger together
In 2010 Océ joined the Canon Group of companies with headquarters in Tokyo, Japan, to create the global leader in the printing industry. Canon develops, manufactures and markets a growing line-up of copying machines, printers, cameras, optical and other products that meet a diverse range of customer needs. The Canon Group comprises over 198,000 employees worldwide. Global net sales in 2011 totalled USD 45.6 billion. Visit the Canon Inc. website at www.canon.com.

About Canon U.S.A., Inc.                                                                            
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. With approximately $45.6 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents registered in 2011† and is one of Fortune Magazine’s World’s Most Admired Companies in 2012. In 2012, for the ninth consecutive year, Canon U.S.A. has received the PCMag.com Readers’ Choice Award for Service and Reliability. Committed to the highest level of customer satisfaction and loyalty, Canon U.S.A. provides 100 percent U.S.-based consumer service and support for all of the products it distributes. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company’s RSS news feed by visiting www.usa.canon.com/rss.

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 †Based on weekly patent counts issued by United States Patent and Trademark Office.
All referenced product names, and other marks, are trademarks of their respective owners.

TransCentra Enhances Payments Processing with SaaS Delivery of RDC
- SaaS RDC eliminates up-front costs, integrates with company’s eCapture, mobile RDC

NORCROSS, Ga., Sept. 28, 2012 – TransCentra, a leading provider of billing and payment software and services, announced at the 2012 RDC Summit that its Remote Deposit Capture (RDC) product is now available via a software-as-a-service (SaaS) delivery model, which seamlessly integrates with the company’s Mobile Deposit and eCapture scanning solutions.

“As technology evolves around making and accepting payments, many companies, including financial institutions, are weighing customer demand for new options, while maintaining a secure, compliant and easy payment handling process,” said Lynn Boggs, chief executive officer at TransCentra. “Remote deposit capture is an ideal example of how customer needs for options, such as mobile remote deposit capture, are now married with business’s needs for cost-effective and secure ways to offer RDC.”

With SaaS RDC, financial institutions can rely on TransCentra, as the application service provider (ASP), to eliminate lengthy implementation and software maintenance processes, therefore decreasing up-front and overall costs. RDC customers can scan and capture document images more quickly with confidence that the process for handling payments is secure.

“The added ability to leverage TransCentra’s Mobile Deposit and eCapture solutions with SaaS RDC provides users with a dynamic approach to managing check deposits that is both simple and cost-effective,” said April Sumner, product manager for TransCentra.

TransCentra’s SaaS RDC solution integrates with the company’s eCapture offering, which utilizes small scanning devices to capture data and relay it to the central processing facility. A unique aspect of the eCapture solution is its co-mingled scanning functionality, which allows for multiple document types (such as checks, customer forms, check skirts and remittance documents) to be scanned together in one batch versus the traditional practice of separating each batch type prior to scanning.

Additionally, SaaS RDC allows customers to utilize TransCentra’s complete “capture-to-clearing” Mobile Deposit solution. With Mobile Deposit, users can simultaneously capture and deposit checks via a mobile device, improving overall efficiency by allowing users to facilitate check deposits wherever they choose. In combination with SaaS RDC, TransCentra’s eCapture and Mobile Deposit solutions offer extensive operational benefits, such as accelerated cashflow, improved workforce productivity, reduced paper handling risk and reduced transportation and banking fees.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

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Media Contact for DATAMARK:
David Peregrino, Marketing Coordinator
915-242-6299
david.peregrino@DATAMARK.net

Media Contact for TransCentra:
Elizabeth McMillan, APR
678-781-7224
pr@transcentra.com
www.transcentra.com

Media Contact for Top Image Systems:
Shelli Zargary, Director of Corporate Marketing and Investor Relations
+972 3 767 9114
shelli.zargary@topimagesystems.com
www.topimagesystems.com

DATAMARK, Inc., TransCentra and Top Image Systems Partner to Deliver High-Performance Enterprise Content Management Solution
- eFLOW® Solution Helps DATAMARK Customers Bridge Paper-to-Electronic Gap -

El PASO, TEXAS / NORCROSS, GA. / NEW YORK, N.Y. – September 27, 2012 —DATAMARK, Inc., TransCentra and Top Image Systems, Ltd. (NASDAQ: TISA) today announced a strategic partnership agreement to offer eFLOW®, a high performance end-to-end Enterprise Content Management (ECM) solution, to DATAMARK customers.

eFLOW, an award-winning ECM solution, helps companies bridge the paper-to-electronic gap by capturing, classifying and validating business-critical data from multiple incoming document formats. The platform, which is available now to DATAMARK customers, can be configured for digital mailroom, purchase-to-payment, sales and purchase orders, and forms classification, leveraging eFLOW’s modular architecture. TransCentra, a certified Top Image Systems (TIS) value-added reseller in the United States, is providing implementation, advisory and technical support to DATAMARK’s customers as part of the agreement.

“We tested many Enterprise Content Management solutions and determined that the eFLOW platform and solution suite provide the best results in terms of efficiency, accuracy, quality and value,” said Max Aguilar, director of Technology and Software Development for DATAMARK. “We are pleased to enter this strategic partnership with the team at TransCentra, who will provide product support, as we implement the eFLOW solution in a variety of our clients’ business processes.”

“Companies today can easily become overwhelmed in the inefficiencies of a traditional, paper-based business workflow, especially at the large-enterprise, Fortune 500 level,” said Lynn Boggs, CEO, TransCentra. “eFLOW enables those companies to target their most urgent document and data-capture problems then expand the solution through the enterprise by adding new eFLOW modules. Our support teams are poised to help DATAMARK customers realize these process improvements.”

“We are excited about ramping up our eFLOW and mobile capture sales activity in the US,” said Omri Gelb, EVP and GM for TIS North America. “We are proud that eFLOW has been selected by DATAMARK and implemented by TransCentra as their preferred end-to-end ECM solution. By combining TIS products with our partners’ excellent services, together we bring an unmatched offering to the market and expect to announce new projects before the end of 2012. We are confident that the DATAMARK customer base will realize substantial value by adopting eFLOW to improve business process efficiency and reduce operational costs.”
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About DATAMARK:
DATAMARK, Inc. is a leading provider of digital mailroom management, data entry, document processing and business process re-engineering solutions for Fortune 500 companies, government agencies and other large organizations. Founded in 1989, our company is the strategic business process outsourcing partner for Top 10 companies across several industry sectors, including insurance, banking and financial services, healthcare, and transportation and logistics. With onshore, nearshore and offshore centers, DATAMARK delivers process optimization, technology and Enterprise Content Management solutions to help organizations achieve efficiency and profitability in all back-office business functions.
For more information, visit www.datamark.net.

About TransCentra:
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com or call 1-866-747-2877.

About Top Image Systems:
Top Image Systems™ (TIS™) Ltd. 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 content across enterprise applications. TIS’ eFLOW Platform is a common platform for the company’s solutions which is marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners.
For more information, visit www.topimagesystems.com.

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.

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