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I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS THIRD QUARTER RESULTS

 I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS
 THIRD QUARTER RESULTS
 HAIFA, ISRAEL, Nov. 6 /PRNewswire/ -- I.I.S. Intelligent Information Systems Ltd. (NASDAQ: IISLF) today reported results for its third quarter ended Sept. 30, 1992.
 For the third quarter, revenues were $10,860,000, up one percent from $10,736,000 in the comparable quarter, last year. Net income increased 13 percent to $1,698,000, or $.41 per share, up from $1,504,000, or $.37 per share in the same period, last year.
 For the nine months ended Sept. 30, 1992, revenue increased three percent to $32,371,000 from $31,564,000 last year. Net income increased 13 percent to $4,672,000, or $1.12 per share, compared with $4,131,000, or $1.01 per share, in the year-ago period.
 "The company has increased profitability while maintaining revenues as we broaden our activities in the internetworking environment. Future operating results should indicate this expansion into newer markets as well as reflect business from recently announced government contracts," said Jacob Herbst, I.I.S.'s chairman and chief executive officer.
 I.I.S. Intelligent Information Systems Limited designs, develops, manufactures, markets and services communication, networking and peripheral products providing access to 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
 Third Quarter Ended
 Sept. 30, 1992 Sept. 30, 1991
 Revenue $10,860,000 $10,736,000
 Net income $1,698,000 $1,504,000
 Earnings per share $0.41 $0.37
 Weighted average number
 of shares outstanding 4,186,000 4,119,000
 Nine Months Ended
 Sept. 30, 1992 Sept. 30, 1991
 Revenue $32,371,000 $31,564,000
 Net income $4,672,000 $4,131,000
 Earnings per share $1.12 $1.01
 Weighted average number
 of shares outstanding 4,166,000 4,103,000
 -0- 11/6/92
 /CONTACT: Henry W. Ling, investor relations consultant for I.I.S., 516-826-4769/
 (IISLF) CO: I.I.S. Intelligent Information Systems Ltd. ST: IN: CPR SU: ERN


AL -- MN009 -- 8166 11/06/92 12:08 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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