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I.I.S. INTELLIGENT INFORMATION SYSTEM LIMITED REPORTS FOURTH QUARTER AND YEAR END RESULTS

 I.I.S. INTELLIGENT INFORMATION SYSTEM LIMITED
 REPORTS FOURTH QUARTER AND YEAR END RESULTS
 HAIFA, ISRAEL, April 9 /PRNewswire/ -- I.I.S. Intelligent Information Systems Ltd. (NASDAQ: IISLF) today reported results for its fourth quarter and year ended Dec. 31, 1991. For the fourth quarter, revenues were $12,371,000, down six percent from $13,143,000 in the comparable quarter last year. Net income increased 70 percent to $1,607,000, or $.39 per share, up from $942,000, or $.23 per share, in the same period last year. For the year ended Dec. 31, 1991, revenue increased 21 percent to $43,935,000 from $36,192,000 last year. Net income increased 14 per cent to $5,738,000, or $1.40 per share, compared with $5,031,000, or $1.24 per share, in the year-ago period.
 "I am very pleased with the continued growth of company profitability. With the steady shift in business toward communication and networking features and devices, the company is well-positioned for future growth opportunities," said Jacob Herbst, I.I.S.'s chairman and chief executive officer.
 I.I.S announced that Naftali Oron, vice president of Business Development, a director, and founder, is on a six-month sabbatical leave for further educational study.
 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.
 I.I.S. INTELLIGENT INFORMATION SYSTEMS, LTD.
 SUMMARY FINANCIAL INFORMATION
 Fourth Quarter Ended
 Dec. 31, 1991 Dec. 31, 1990
 Revenue $12,371,000 $13,143,000
 Net income 1,607,000 942,000
 Earnings per share $0.39 $0.23
 Weighted average number
 of shares outstanding 4,133,000 4,067,000
 12 Months Ended
 Dec. 31, 1991 Dec. 30, 1990
 Revenue $43,935,000 $36,192,000
 Net income $ 5,738,000 $ 5,031,000
 Earnings per share $1.40 $1.24
 Weighted average number
 of shares outstanding 4,110,000 4,067,000
 -0- 4/9/92
 /CONTACT: Henry W. Ling for Intelligent Information Systems, 516-826-4769/
 (IISLF) CO: I.I.S. Intelligent Information Systems, Ltd. ST: IN: CPR SU: ERN


KH -- MN013 -- 6954 04/09/92 16:52 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
Words:397
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