Monday February 11, 10:03 am Eastern Time

Crystal Systems Solutions Announces Fourth Quarter and Year-End Results on February 14th, 2002 and hosts a Conference Call

HERZLIYA, Israel--(BUSINESS WIRE)--Feb. 11, 2002--Crystal Systems Solutions (Nasdaq:CRYS - news) will report its fourth quarter and year-end results on Thursday, February 14th, 2002 before the market opening and host a conference call at 12:00 P.M. Eastern Standard Time.

Crystal is a global provider of leading software products and tools for the modernization of existing legacy applications.

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:

Thursday 14th, February 2002 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: (888) 273-9891
    Outside the US call: (612) 332-0720

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 February 14th 10:30 P.M. until February 16th at 11:59 P.M. (EST) To access the replay please call (USA) 1-800-475-6701 (International) 1-320-365-3844 and enter Crystal's access code of 627461.

About Crystal Systems Solutions

Crystal Systems Solutions Ltd. (Nasdaq:CRYS - news) develops and markets software tools and provides end-to-end transformation projects 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 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.

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.

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