Contact:
David Leichner
VP, WW Marketing
Magic Software Enterprises
+972-3-5389338
davidl@magicsoftware.com




Magic Software Enterprises Announces Web Services 
Release of Magic eDeveloper™ v9.2

Helps Companies Realize Increased Return On Investment Faster



Or Yehuda, Israel (January 10, 2002) – Magic Software Enterprises (Nasdaq: 
MGIC), a leading provider of state-of-the-art application development and 
deployment technology announced today the release of Magic eDeveloper™ 
v9.2, which enables developers to create and deploy Web Services
(http://www.magicsoftware.com/webservices) as a stand-alone service or in
conjunction with J2EE application 
servers. This release provides companies the ability to extend the lives 
and increase the value of legacy applications, while helping to reduce the 
cost and complexity of integrating ERP, CRM and custom applications. 

Web Services are business processes that can be accessed and executed over 
the Internet using standard technologies. Web Services enable 
organizations to easily integrate applications using standard XML formats 
to almost any client device. Similarly, Web Services easily interconnect 
applications from multiple hardware platforms and operating systems. 

Magic eDeveloper v9.2 supports the standards necessary to develop and 
deploy Web Services. These include Simple Object Access Protocol (SOAP) 
and Web Services Description Language (WSDL). Applications developed with 
Magic eDeveloper fully interact and integrate with advanced J2EE 
application servers, such as IBM WebSphere
(http://www.magicsoftware.com/j2ee). Magic eDeveloper v9.2 enables these
applications to also be deployed as 
Web Services.

"Support for Web Services is a natural fit with the Magic philosophy of 
providing a progressive application development and migration pathway for 
developers," said Avikam Perry, vice president of research and development 
for Magic Software. " Enterprises of all sizes are discovering the promise 
of Web Services in connecting applications and business processes across 
disparate architectures. Magic eDeveloper v9.2 delivers the cutting-edge 
standards and technologies making it even easier to build solutions of 
interconnected data and business processes.”

Magic eDeveloper enables developers to create applications in 
client-server, online or browser mode that are suited to migrating and 
integrating data within a multi-database environment. Magic provides an 
ideal environment to develop applications for Windows, Unix, Linux and 
iSeries operating systems in a way that delivers scalability, 
interoperability and integration to legacy systems. Web Services allow 
companies to collaborate and realize productivity gains by sharing 
application resources. Utilizing Web Services and SOAP is another of the 
many avenues developers may choose to achieve secure interoperability 
using Magic enabling technology and applications. 



About Magic Software Enterprises
Magic Software Enterprises, a member of the Formula Systems (Nasdaq: 
FORTY) group, develops, markets and supports software development and 
deployment technology that enables enterprises to accelerate the process 
of building and deploying applications that can be rapidly customized and 
integrated with existing systems. Magic technology, applications and 
professional services are available through a global network of 
subsidiaries, distributors and Magic solutions partners in approximately 
50 countries. The Company's North American subsidiary is located at 1642 
Kaiser Avenue, Irvine, Calif., 92614, telephone (949) 250-1718, fax (949) 
250-7404, http://www.magicsoftware.com. 

Formula Systems 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.

Except for the historical information contained herein, the matters 
discussed in this news release include forward-looking statements that may 
involve a number of risks and uncertainties.  Actual results may vary 
significantly based upon a number of factors including, but not limited 
to, risks in product and technology development, market acceptance of new 
products and continuing product conditions, both here and abroad, release 
and sales of new products by strategic resellers and customers, and other 
risk factors detailed in the Company’s most recent annual report and other 
filings with the Securities and Exchange Commission.