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I.I.S. INTELLIGENT INFORMATION SYSTEM LIMITED REPORTS FIRST QUARTER RESULTS

 I.I.S. INTELLIGENT INFORMATION SYSTEM LIMITED
 REPORTS FIRST QUARTER RESULTS
 HAIFA, ISRAEL, May 15 /PRNewswire/ -- I.I.S. Intelligent Information Systems Ltd. (NASDAQ: IISLF) today reported results for its first quarter ended March 31, 1992. For the first quarter, revenues were $10,258,000, up 4 percent from $9,826,000 in the comparable quarter, last year. Net income increased 17 percent to $1,370,000, or $.33 per share, up from $1,167,000, or $.29 per share in the same period, last year.
 "I am pleased with the quarterly results which reflect the change in focus to the networking and communications market. With the introduction of new networking products later this year, we are looking forward to strong year-end results, as well as continued growth throughout 1993." said Jacob Herbst, I.I.S.'s chairman and chief executive officer.
 Thomas S. Bednarik, chairman and president of IIS Inc went on to say, "We have made significant progress in introducing our networking capabilities, allowing our customers to link their mainframe networks with new LAN technologies."
 I.I.S. Intelligent Information Systems Limited designs, develops, manufactures, markets and services communication, networking and peripheral products serving a variety of hosts, local area networks and wide area networks within the large and midrange IBM and DEC environments. The company services an international customer base and does business in the United States as Lee Data, A Division of IIS Inc.
 I.I.S. INTELLIGENT INFORMATION SYSTEMS, LTD.
 SUMMARY FINANCIAL INFORMATION
 First Quarter Ended
 Mar. 31, 1992 Mar. 31, 1991
 Revenue $10,258,000 $9,826,000
 Net income $1,370,000 $1,167,000
 Earnings per share $0.33 $0.29
 Weighted average number
 of shares outstanding 4,150,000 4,092,000
 -0- 5/15/92
 /CONTACT: Henry W. Ling, 516-826-4769, for I.I.S. Intelligent Information Systems/
 (IISLF) CO: I.I.S. Intelligent Information Systems Ltd. ST: Minnesota IN: CPR SU: ERN


AL -- MN007 -- 0768 05/15/92 12:57 EDT
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Publication:PR Newswire
Date:May 15, 1992
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