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BackWeb Restructures Agreement with OneCallReaches Agreement to Terminate Joint Development Relationship and Acquire Ownership of Underlying Software SAN JOSE, CA, December 11, 2008 - BackWeb Technologies Ltd. (Pink Sheets: BWEBF or BWEBF.PK) announced today that in light of the significant disruptions in global financial markets, BackWeb and OneCall Contact Centers Ltd. have concluded an agreement to restructure the companies' joint plans and relationship. The companies have agreed to terminate their existing software joint development agreement, an action which follows BackWeb's previously announced decision to withdraw a series of contemplated transactions with OneCall from consideration by shareholders at a recent annual meeting. Under the terms of the new agreement, BackWeb will receive exclusive ownership of the software and related intellectual property ("the software") developed under the joint development agreement. The software is designed to operate an online and call center based service for referring consumers to local service providers. In exchange for ownership of the software, BackWeb has made a payment of $500,000 in cash to OneCall and has cancelled the $500,000 receivable previously due BackWeb under the joint development agreement. Additionally, BackWeb has granted OneCall a royalty free license to utilize the software for its service in Israel. BackWeb is currently reviewing an array of options for the commercialization of the software in domestic and international markets on its own or with prospective partners. As of September 30, 2008 BackWeb had cash and cash equivalents of $2.1 million. This does not include either the $500,000 payment to OneCall or the $1.56 million in proceeds from the October 2, 2008 sale of BackWeb's equity stake in Red Bend Ltd. BackWeb has 41.3 million shares issued and outstanding. © 2008 BackWeb Technologies Ltd. All rights reserved. BackWeb is a registered trademark. All other trademarks are property of their respective owners. Statements in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, but are not limited to, comments concerning the value of the software BackWeb's plans to commercialize the software. Factors that could cause actual results to differ materially from expectations include but are not limited to the attractiveness of the local advertising market and the viability of BackWeb's software or BackWeb's business efforts in that market. BackWeb assumes no obligation to update any of the forward-looking statements in this release. # # # For any questions or comments, please contact:
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