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IRE REPORTS FIRST HALF LOSS, STILL EXPECTS RETURN TO PROFITABILITY IN 1993

 BALTIMORE, Aug. 20 /PRNewswire/ -- Information Resource Engineering, Inc., (NASDAQ: IREG) today announced a loss of $273,361 for the six months ended June 30, 1993, on sales of $693,175. Comparable results in 1992 were a profit of $387,032 on sales of $1,593,303. The results were principally due to a customer's delay in accepting a large shipment of products and the selective acceptance of contract engineering projects. The company hopes to resolve the status of the delayed order in the near future. Based on an increased level of sales orders received to date in the current quarter, management expects that the recent negative trend in quarter-to-quarter revenues will be reversed and that the company will soon return to profitability.
 Company Background
 Information Resource Engineering, Inc., provides technologically advanced, cost-efficient Network Security Products. IRE products use the Data Encryption Standard (DES), which is the preferred encryption algorithm for private industry and government applications. IRE systems are installed at a number of major organizations including AT&T Communications, Citibank N.A., J.P. Morgan and Company, the U.S. Treasury Department and Computer Sciences Corporation.
 INFORMATION RESOURCE ENGINEERING
 Three Months Ended Six Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Revenues $366,440 $902,284 $693,175 $1,593,303
 Net earnings (loss) (146,918) 219,102 (273,361) 387,032
 Earnings (loss) per
 common share
 Income (loss) before
 preferred stock
 dividend (0.10) 0.18 (0.19) 0.31
 Preferred Stock
 Dividend (0.01) -- (0.06) --
 Earnings (loss) per
 share (0.11) 0.18 (0.25) 0.31
 -0- 8/20/93
 /CONTACT: Roberta Bowersox of Information Resource Engineering, 410-931-7500/
 (IREG)


CO: Information Resource Engineering, Inc. ST: Maryland IN: CPR SU: ERN

IH-DC -- DC019 -- 8732 08/20/93 16:31 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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