Monday October 30, 8:26 am Eastern Time

Crystal Systems Solutions to Announce Third Quarter Results on November 13, 2000

HERZLIA, Israel--(BUSINESS WIRE) - Crystal Systems Solutions Ltd. (NASDAQ: CRYS - news) will report its third quarter results on Monday, November 13, 2000, before the market opening, and host a conference call at 12:00 P.M. Eastern Standard Time.

Crystal is a leading provider of software renovation tools and services for complex migration and conversion projects like e-Business enabling, cross platform migration, and consolidation of information systems.

Conference Call Details:

Gad Goldstein, Chairman of the Board, and Iris Yahal, Chief Financial Officer will discuss the third quarter results and will be available to answer questions. The conference call will be held on Monday, November 13 at 12:00 P.M. (EST). Interested parties are welcome to call the telephone numbers listed below, five to ten minutes prior to the start of the conference call.

In the US call 1-800-230-1085

Outside the US call the US at +1-612-332-0820

Callers should reference ``Crystal Systems Solutions Third Quarter Results'' to the conference call operator.

An automated replay of the conference call will be available from Nov. 13, 2:30 P.M. until Nov. 16 at midnight. To access the replay please call 1-320-365-3844 and enter Crystal's access code of 548789.

About Crystal:

Crystal Systems Solutions Ltd. has been providing proprietary software technologies and services for Fortune 1000 companies since 1987. Crystal develops and markets software tools and provides consulting services for e-Business enabling of legacy systems, cross-platform migration, and consolidation of information systems. Crystal provides comprehensive enterprise products spanning mainframe, midrange, and client/server computing platforms. Crystal has enhanced its expertise through the successful completion of projects for many prestigious organizations, establishing solid credibility and achieving global recognition and presence. Crystal is totally committed to supporting its customers, both directly and via its partners, offering end-to-end solutions through consultancy, assistance, and service in conjunction with its wide variety of proprietary software tools. For more information, please visit our web site at: www.crystal-sys.com

About Formula:

Crystal, is a member of the Formula Group (Nasdaq: FORTY - news).

The Formula Group is an international information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and providing computer-based business solutions.

Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. All names and trademarks are their owners' property.

Contact:
Crystal Systems Solutions
Iris Yahal, +972-9-9526103