About Intercomp Ltd.

Established in 1997, Intercomp is a leading international tool developer and service provider for analysis, reengineering and migration of legacy application systems. Its family of products is further enhanced by a solid methodology, providing a combination of technology and project management expertise. A subsidiary of Crystal Systems (Nasdaq: "CRYS"), Intercomp is a Formula Group Company (Nasdaq: "FORTY"), the largest and most successful software group headquartered in Israel.

Formula Systems is the largest Israeli publicly traded Information Technology company. By the end of Q2 1999, the Formula Group - its subsidiaries and affiliated companies - numbered more than 3500 employees with revenues for H1 1999 close to $160M, compared to $260M for the entire year of 1998. Formula has developed partnerships with leading players in a broad range of fields, including BAAN Company, Cincinnati Bell Information Systems Inc., EDS, Cooper Industries Inc., Informix Software Inc., Logica Plc., I&T S.p.A, and others. A partial list of Formula's key customers includes AT&T, Bell Atlantic, Dow Chemical, Ford Motors, Nissan Motors, Keycorp, Kraft Food, Pratt & Whitney, ABB, Deutsche Bank, Deutsche Telekom, GEC Alsthom, ECI Telecom, Telecom Asia and others.

Crystal Systems Solutions provides software tools and services that perform complex conversion projects for mainframe and non-mainframe systems. Crystal's tools and conversion methodologies are designed for application changes such as Year 2000, euro currency conversion, field expansion as well as technological changes such as platform migration or language upgrades.