Wednesday October 3, 12:46 pm Eastern Time

Crystal Systems Solutions Ltd. Announces the Sales of Two Affiliated Companies

HERZELIA, Israel--(BUSINESS WIRE)--Oct. 3, 2001--Crystal Systems Solutions Ltd (Nasdaq:CRYS - news) a leading provider of cross-platform software renovation and porting solutions, today announced the sale of two affiliated companies as part of its focusing program.

According to agreements signed on September 30, 2001 Crystal sold its shareholdings in LetMeKnow Technologies Ltd. and Polyglot Ltd., for a consideration of US $1 million and $ 470 thousand respectively. In addition, the acquiring party, Mashov Industries Ltd., will repay Crystal the loans forwarded to these affiliates and undertake all applicable guarantees.

This transaction is a step in the Company's long term strategy to align and focus on its main business line by highlighting its proven technological superiority in the Software Renovation Solutions market.

About Crystal Systems Solutions

Crystal Systems Solutions Ltd. (Nasdaq:CRYS - news) develops and markets software tools and provides consulting services for efficient modernization of legacy systems and cross-platform migrations.

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 Fortune 1000 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 http://www.crystal-sys.com.

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 owner's property.

Contact:
Crystal Systems Solutions, Tel Aviv
Iris Yahal, +972-9-9526110