Thursday February 8, 11:02 am Eastern Time

Crystal Systems Solutions Announces Fourth Quarter and Year End Results on February 14, 2001 and Hosts Conference Call

HERZLIA, Israel--(BUSINESS WIRE)- Crystal Systems Solutions Ltd. (Nasdaq:CRYS - news), will report its fourth quarter and year end results on Wednesday February 14,2001, before the market opening and host a conference call at 11:00 A.M. Eastern Standard Time.

Crystal is a leading provider of software renovation tools and services for complex migration and conversion projects such as 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 fourth quarter and year end results and will be available to answer questions. The conference call will be held on Wednesday, February 14,2001 at 11:00 A.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 1-800-230-1096 Outside the US call the US at +1-612-332-0632

Callers should reference "Crystal Systems Solutions Fourth Quarter Results" to the AT&T conference call operator. An automated replay of the conference call will be available from Feb. 14, 2:30 P.M. until Feb. 16 at midnight. To access the replay please call (USA)1-800-475-6701 (International) 1-320-365-3844 and enter Crystal's company code of 570669

About Crystal Systems Solutions

Crystal Systems Solutions Ltd. (Nasdaq:CRYS - news) has been providing proprietary software technologies and services for Fortune 1000 companies since 1987. Crystal's solutions include e-business enabling for legacy systems, cross-platform migration, and IT mergers and consolidations. Crystal supports 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.

Crystal Systems Solutions 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 solutions. 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 owners' property.

Contact:
Iris Yahal
Crystal System Solutions
972-9-952-6110