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Top Image Systems Ltd.

Top Image Systems Ltd. is listed on NASDAQ (TISA). ITEM 4. INFORMATION ABOUT THE COMPANY History and Development We were incorporated in March of 1991, are domiciled in Israel and exist as a company with a limited share capital subject to Israeli law. Our legal name is Top Image Systems Ltd. and our registered and principal executive offices are located in Israel at 2 Habarzel Street, Ramat Hahayal, Tel Aviv 69710, and our telephone number is 011-972-3-767-9100. Our website is http:-www.topimagesystems.com (the information contained in our website is not a part of this annual report and no portion of such information is incorporated herein).

TOP Tankers Inc.

TOP Tankers Inc. is listed on NASDAQ (TOPT). Our predecessor, Ocean Holdings Inc. was formed in January 2000, under the laws of Marshall Islands and renamed to TOP Tankers Inc. in May 2004. On July 23, 2004, our common stock was listed on the Nasdaq National Market, under the symbol TOPT, in connection with our initial public offering. The net proceeds of our initial public offering, approximately $124.6 million, were primarily used to finance the acquisition of 10 vessels, comprised of 8 ice-class double-hull Handymax tankers and 2 double-hull Suezmax tankers. The total cost of the acquisition was approximately $251.3 million. The address of our principal executive office is 109-111 Messogion Avenue, Politia Centre, Athens 11526 Greece. The telephone number of our registered office is + 30 210 6978000. On November 5, 2004, we completed a follow-on offering of our common stock.

UnumProvident Corporation ..numProvident Corporation, a Delaware general business corporation, and its insurance and non-insurance companies that collectively operate in the Unit..

VCG Holding Corporation ..of the State of Colorado in 1998, but did not begin operations until 2002. We are engaged in owning and operating nightclubs which provide quality liv..

Valley National Bancorp ..orporation registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (Holding Company Act). At December 31, 2004, Va..

Vitria Technology Inc. ..ntegration software and services for corporations in healthcare and insurance, telecommunications, manufacturing, finance and other industries. Our so..

Webster Preferred Capital Corp ..Connecticut corporation incorporated in March 1997. The Company acquires, holds and manages real estate mortgage assets (mortgage assets), including, ..

Winnebago Industries Inc. ..t City, Iowa, is a leading United States manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor ..

WOLSELEY PLC ..velopment of the Company The Company and its subsidiaries form an international group of companies, engaged primarily in the wholesale distribution an..

Waterside Capital Corporation ..ations in July 1996 after receiving its Small Business Administration (SBA) license and closing its initial private placement of Common Stock. The Com..

Webzen Inc ..e incorporated as a company with limited liability under Korean law on April 28, 2000. Our legal and commercial name is [[Image Removed]] (pronounced ..

Yankee Candle Company Inc. (The) ..ded marketer of premium scented candles, based on sales, in the giftware industry. We have a 35-year history of offering our distinctive products and ..

Abigail Adams National Bancorp Inc. ..e-chartered bank holding company which conducts business through its wholly-owned bank subsidiary, The Adams National Bank. The Bank serves the nation..

Ace Limited ..pany of the ACE Group of Companies incorporated with limited liability under the Cayman Islands Companies Law. We created our business office in Bermu..

Action Products International Inc. ..used, educational toy company. We design, manufacture and market a diversified portfolio of educational, positive and non-violent brands of toy produc..

Analogic Corporation ..r, together with its subsidiaries, referred to as Analogic) for the fiscal year ended July 31, 2005, were $364.6 million as compared to $355.6 million..

Astoria Financial Corporation .. the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association and its consolidated subsidiaries, or Astori..

Aames Investment Corporation ..te investment trust, or REIT, was formed in February 2004 to build and manage a portfolio of high yielding subprime mortgage loans to offer its stockh..

Alamo Group Inc. ..t subsidiaries (Alamo Group,), is a leading manufacturer of high quality right-of-way maintenance and agriculture equipment. As used herein and otherw..

AMTEK Inc. .. Its predecessor was originally incorporated in Delaware in 1930 under the name American Machine and Metals, Inc. The Company maintains its principal ..

Allied Motion Technologies Inc. ..s organized under the laws of Colorado in 1962. The Company is engaged in the business of designing, manufacturing and selling motor and servo motion ..

Andersons Inc. (The) ..that began operations as a partnership in 1947. The Company is organized into four operating groups. The Agriculture Group purchases and merchandises ..

American Power Conversion Corporation ..s a leading provider of global, end-to-end infrastructure availability solutions. APCs comprehensive products and services offering, which is designed..

AirNet Systems Inc. ..arrier for time-sensitive deliveries, operating between most U.S. cities each working day. AirNet is the leading transporter of cancelled checks and r..

ASML Holding N.V. ..nformation on the Company We commenced business operations in 1984. ASM Lithography Holding N.V. was incorporated in the Netherlands on October 3, 199..

Allergan Inc. ..th care company that develops and commercializes specialty pharmaceutical products for the ophthalmic, neurological, dermatological and other specialt..

Atlantic American Corporation ..on incorporated in 1968 (the Parent or Company), is a holding company that operates through its subsidiaries in well-defined specialty markets of the ..

Avalon Pharmaceuticals Inc. ..discovery and development of small molecule therapeutics for the treatment of cancer. Our pipeline of drug candidates includes our lead candidate, AVN..

Aztar Corporation ..June 1989 to operate the gaming business of Ramada Inc. after the restructuring of Ramada Inc. The terms Aztar, we, our, and us, as used in this Form ..

Blue Dolphin Energy Company ..hat conducts substantially all of its operations through its subsidiaries. We conduct our business activities in two primary business segments: (i) pi..

Bunge Limited ..unge Limited, Bunge, we, us and our refer to Bunge Limited and its consolidated subsidiaries, unless the context otherwise indicates. Business Overvie..

Barnes & Noble Inc. ..s largest bookseller1, as of January 29, 2005 operates 820 bookstores. Of the 820 bookstores, 666 operate primarily under the Barnes & Noble Bookselle..

Blue Coat Systems Inc ..contains forward-looking statements that involve risks and uncertainties. The statements contained in this Report that are not purely historical are f..

Business Objects S.A. ..f Business Intelligence solutions, which we refer to in this document as Business Intelligence. We develop, market and distribute software that enable..

Briggs & Stratton Corporation ..of air cooled gasoline engines for outdoor power equipment. Briggs & Stratton designs, manufactures, markets and services these products for original ..

Anheuser-Busch Companies Inc. ..oration that was organized in 1979 as the holding company parent of Anheuser-Busch, Incorporated (ABI), a Missouri corporation whose origins date back..

CardioDynamics International Corporation ..namics) is the innovator and market leader of an important medical technology called Impedance Cardiography (ICG). We develop, manufacture and market ..

Citizens Communications Company ..es (Citizens) will be referred to as the Company, we, us or our throughout this report. We are a communications company providing services to rural ar..

Columbia Laboratories Inc. ..Inc. (hereinafter we, our, us, Columbia and the Company) in 1986 as a Delaware corporation, we have focused on developing drugs that improve treatment..

Chase Corporation ..nufacturing company providing products to a wide variety of industries including wire and cable, construction and electronics. The Company's strategy ..

Cell Therapeutics Inc. ..ents for cancer. Our goal is to build a leading, vertically-integrated biopharmaceutical company with a diversified portfolio of proprietary cancer dr..

Cognizant Technology Solutions Corporation ..ading provider of custom information technology (IT) services related to IT design, development, integration and maintenance services primarily for Fo..

Cincinnati Financial Corporation ..corporation formed in 1968. Through its subsidiaries, CFC has been conducting insurance operations since 1950, marketing commercial, personal and life..

Celestica Inc. ..name Celestica International Holdings Inc. on September 27, 1996. Since that date, we have amended our articles of incorporation on various occasions,..

Capstone Turbine Corporation ..urbine technology solutions for use in stationary distributed power generation applications, such as cogeneration (combined heat and power (CHP) and c..

Conolog Corporation ..ly in the design and manufacture of electronic components and systems for military applications. In July 1971, we merged with DSI Systems, Inc., then ..

CORUS Bankshares Inc. ..nnesota in 1958, is a bank holding company registered under the Bank Holding Company Act of 1956. Corus provides consumer and corporate banking produc..

CRH PLC ..lopment of the Company CRH public limited company is the parent company for an international group of companies, engaged in the manufacture and supply..

Chesapeake Corporation .. paperboard packaging products in Europe, and we are also a leading international supplier of plastic packaging products to niche end-use markets. We ..

CITIGROUP CAP VIII ..ubsidiaries) is a diversified global financial services holding company whose businesses provide a broad range of financial services to consumer and c..

Danielson Holding Corporation ..ding company incorporated in Delaware on April 16, 1992. Prior to entering the energy business through its acquisition of Covanta Energy Corporation (..

Covansys Corporation ..obal technology services company with a focus on industry-specific solutions, strategic outsourcing and integration services. We address the most chal..

Danaher Corporation ..ign, manufacture and marketing of industrial and consumer products, which are typically characterized by strong brand names, proprietary technology an..

Ethan Allen Interiors Inc. ..riors Inc., through its wholly-owned subsidiary, Ethan Allen Inc., and Ethan Allen Inc.'s subsidiaries (collectively, Ethan Allen), is a leading manuf..

Dollar Financial Corp. ..company serving under-banked consumers. Our customers are typically lower- and middle-income working-class individuals who require basic financial ser..

Digital Realty Trust Inc. ..any refer to Digital Realty Trust, Inc., a Maryland corporation, together with our consolidated subsidiaries, including Digital Realty Trust, L.P., a ..

DSP Group Inc. .. in the short-range residential wireless communications market. By combining our proprietary technologies and advanced design methodologies, we offer ..

DTS Inc. ..ogy, historically focused on high-quality digital multi-channel audio technology, products, and services for entertainment markets worldwide. Multi-ch..

Envoy Communications Group Inc. ..al consumer and retail branding company with offices in North America and Europe. Envoy conducts its branding services through its wholly-owned subsid..

99 CENTS ONLY STORES ..nsumable general merchandise with an emphasis on name-brand products. The Companys stores offer a wide assortment of regularly available consumer good..

Embrex Inc. ..ural biotechnology company engaged in the development of innovative in ovo (in the egg) solutions that meet the needs of the global poultry industry. ..

eOn Communications Corporation ..elops and markets unified voice, email and Web-based communications systems and software for customer contact centers and general business application..

Equity One Inc. ..at principally acquires, renovates, develops and manages community and neighborhood shopping centers located predominately in high growth markets in t..

Feldman Mall Properties Inc. ..d, self-administered and self-managed real estate company formed in July 2004 to continue the business of Feldman Equities of Arizona to acquire, reno..

FOCUS Enhancements Inc. ..y reference in this Report, including those relating to our strategy and other statements that are predictive in nature, that depend upon or refer to ..

Gladstone Investment Corporation ..ted under the General Corporation Laws of the State of Delaware on February 18, 2005. On June 22, 2005 we completed an initial public offering and com..

Green Mountain Coffee Roasters Inc. ..in Coffee) is a leader in the specialty coffee industry. We sell over 100 coffee selections through a coordinated multi-channel distribution network i..

Hampshire Group Limited ..ware corporation, is a holding company that markets apparel through two wholly-owned subsidiaries, Hampshire Designers, Inc. (Hampshire Designers) and..

Hub Group Inc. .. incorporated on March 8, 1995. We are one of North America's leading non-asset based freight transportation management companies. We offer comprehens..

Icagen Inc. ..discovery, development and commercialization of novel orally-administered small molecule drugs that modulate ion channel targets. Ions are charged par..