Formula Systems Announces Annual General Meeting Results

HERZLIYA, Israel, October 29 /PRNewswire-FirstCall/ -- Formula Systems
(1985) Ltd (the "Company") (NASDAQ: FORTY; TASE: FORT) a leading provider of
information technology products, solutions and services, announced today the
results of the Company's annual general meeting of shareholders which was
held on October 29, 2009 at the Company's offices in Herzliya, Israel.
The following resolutions were approved by the shareholders:
1. The appointment of Naftali Shani, Shimon Laor, Tal Barnoach, Dafna
Cohen and Dr. Shlomo Nass as directors of the Company;
2. The reappointment of Dr. Ronnie Vinkler and Ofer Lavie as outside
directors for an additional three-year term;
3. The reappointment of BDO Ziv Haft as the Company's independent
auditor; and the authorization of the Board of Directors to delegate to the
Audit Committee the authority to fix their remuneration.
About Formula
Formula Systems Ltd. is a global information technology company
principally engaged, through its subsidiaries and affiliates, in providing
software consulting services, developing proprietary software products and
providing computer-based business solutions.
Contact: Guy Bernstein, chief executive officer, Formula Systems Ltd.
+972-9-959-8800
SOURCE Formula Systems Ltd.

Contact: Guy Bernstein, chief executive officer, Formula Systems Ltd.
+972-9-959-8800