latest news releases from the newsroom
Top Image Systems Ltd.
World's Leading Utility Company Selects TIS's eFLOW as an End-to-End Information Input Solution
TEL AVIV, Israel, July 23, 2008 (PRIME NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) (TASE:TISA), the leading innovator of data capture solutions, announced today that a Spanish-based world leading private energy group has chosen eFLOW to automate its information input process. The contract is valued at close to $300K. Two additional projects, valued at $500K, are underway.
Distressed U.S. Housing Market Causes Slowdown in Lumber Production; Pulp Prices Driven Close to Historical Peak, According to PricewaterhouseCoopers
NEW YORK, July 23, 2008 (PRIME NEWSWIRE) -- The distressed housing market resulted in weaker demand for lumber in the United States, causing lumber prices to drop by an average of six percent in 2007 compared to 2006, according to PricewaterhouseCoopers 11th annual "Global Forest, Paper and Packaging Industry Survey." In response, sawmill operators struggled to cut costs, resulting in a number of mills reducing production or shutting down entirely. The reduced lumber production also impacted the availability of wood fiber to the pulp industry. As a result, by the end of 2007, pulp prices were close to their historic peak, which dates back to 1995.