Acorn Factor Announces Listing on Frankfurt Stock Exchange.

Increases Exposure and Access to the International Financial Community

MAHWAH, N.J. -- Acorn Factor, Inc. (OTCBB:ACFN) today announced that, in addition to trading on the U.S. Over-The-Counter Bulletin Board, the Company's stock has also commenced trading on the Frankfurt Stock Exchange ("FWB" - Frankfurter Wertpapierborse) in Germany under the trading symbol AOLBDV. Acorn Factor, a holding company, sought the listing on the Frankfurt exchange to increase exposure and access to the international financial community in order to capitalize on its 32.64% ownership in Paketeria GmbH.

Paketeria is the innovator of the German Super Service Market franchise. Last month, Paketeria marked the progress of its growth and expansion strategy with the opening of its 55th store in Germany. The Paketeria franchise system combines six services (post and parcels, e-by dropshop, copies, printing, photo processing and printer cartridge refilling) in one store. Paketeria was founded by CEO Andy Roesch, a successful serial German entrepreneur, to take advantage of the privatization of the German post office and the subsequent substantial reductions in retails outlets. Paketeria's goal is to open more than 500 franchised shops in Germany in the next two years. Paketeria continues to evaluate opportunities in other countries that have announced the privatization of their postal services, including Switzerland, Austria, Italy and France.

John A Moore, CEO of Acorn Factor, said, "The listing of our Company's stock on the Frankfurt Exchange will allow us to capitalize on the interest of the European investment community generated by our ownership stake in Paketeria. This increased visibility is also expected to provide us with additional opportunities as we continue to build on the Acorn Factor theme of investing with proven entrepreneurs in businesses with unusual growth potential, which are at or near breakeven, to accelerate their growth."

About the Frankfurt Stock Exchange (FWB): FWB[R]Frankfurter Wertpapierb[?]rse (Frankfurt Stock Exchange) is one of the world's largest trading centers for securities. Operated by the Deutsche B[?]rse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche B[?]rse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche B[?]rse at: http://deutsche-boerse.com.

About Acorn Factor: Acorn Factor, Inc., formerly Data Systems & Software Inc., is a holding company which currently maintains an equity position in Comverge, Inc. - a leading provider of clean energy solutions that enhance grid reliability and enable electric utilities to increase available electric capacity. ACFN also owns an interest in Paketeria GmbH and a controlling position in dsIT. Additional information about Acorn Factor and its subsidiary and equity affiliates is available at www.acornfactor.com, www.dsit.co.il, www.comverge.com and www.paketeria.de.

This press release includes forward-looking statements, which are subject to risks and uncertainties. The ability of Paketeria to continue to grow, increase the number of franchised shops and reach profitability is subject to a number of risks and uncertainties some of which may be outside of Paketeria's control. There is no assurance that the Company's investment in Paketeria will be successful or provide strong returns to shareholders. A more complete discussion of risks and uncertainties which may affect the accuracy of these statements and the Company's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.