Monday July 29, 7:41 am Eastern Time

Crystal Systems Solutions Announces Release of eXperanto

HERZLIA, Israel--(BUSINESS WIRE)--July 29, 2002-- Crystal Systems Solutions Ltd. (NASDAQ: CRYS - News), a global provider of leading software products and support services for the modernization of existing information systems, today announced the release of eXperanto -- a keystone in Crystal's `CRYSWARE for Extension' product line. eXperanto enables mainframe developers to add rich, professional multi-channel interfaces (e.g., web, fax, printer, and e-mail) to their new or existing applications.

eXperanto builds exclusively on existing resources, making it unique among competing products. The entire development cycle, from analysis to deployment, benefits from the same mainframe tools and skills already present in the organization. In addition, eXperanto complies with the same rules and conventions established in the organization during years of development.

This software allows organizations to leverage mainframe technology and valuable mainframe know-how. The existing staff, representing years of investment in knowledge of the organization's business rules and processes, continues to be the active force in application development. The system provides a comprehensive end-to-end solution without the burden of training and management that are necessary for implementing other solutions. A recent study estimated a 50% reduction in manpower and time-to-market as compared to competing products.

"eXperanto leverages human capital, not just legacy technology, and therefore allows an immediate, measurable high return on investment," said Yuri Steinschreiber, Chief Architect of eXperanto. "It provides companies with the flexibility to adopt new platforms and technologies at a time of their choice. Its strict adherence to open standards and protocols (e.g., XML, SOAP) allows the easy and phased integration of new tools and more."

"As a result, eXperanto provides companies with the freedom to choose the best and most suitable path for them," says Steinschreiber. "Companies are able to open new channels almost immediately, while maintaining the current business environment. In addition, organizations can choose their own timing for deploying new technologies without disrupting ongoing business processes."

About Crystal
Crystal Systems Solutions Ltd. develops solutions that enable clients to efficiently manage the IT assets at their disposal, including legacy applications, modern application packages, middleware, and networking technologies. Its products provide cross-platform software renovation, modernization, and IT asset management solutions that are designed to accelerate the process of mission-critical legacy renewal, integration, and maintenance during an application's entire life cycle.

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.

This press release is also available at www.crystal-sys.com.

All names and trademarks are their owners' property.

Contact:
Crystal Systems Solutions Ltd.
Iris Yahal, +972-9-9600233