Securities Exchange Act of 1934
Release No. 51760 / May 27, 2005

An order has been issued granting the application of Top Image Systems Ltd. to withdraw its ordinary shares, .04 NIS par value, from listing and registration on the Boston Stock Exchange, Inc., effective at the opening of business on May 31, 2005.

http://www.sec.gov/rules/delist/34-51760.htm