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IRE REPORTS STRONG THIRD QUARTER RESULTS

 BALTIMORE, Oct. 21 /PRNewswire/ -- Information Resource Engineering, Inc. (IRE) (NASDAQ: IREG) today announced improved growth in revenue and earnings for the quarter ended Sept. 30, 1993. New quarterly records were set for revenue, which increased by 21 percent to $1,006,641 and pre-tax earnings, which increased to $250,047. The company attributed its improved operating performance to the addition of a large number of new clients, each resulting in revenue increases.
 In commenting on this announcement, Anthony Caputo, IRE's chairman, stated: "This strong quarterly performance is the result of expanded use of IRE Network Security Products by major organizations worldwide. During the third quarter, as part of a worldwide deployment of our products by one major customer, over 350 major financial institutions became new IRE customers. In addition to adding to revenue and profits, these new customers represent significant opportunities for future growth of our customer base."
 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., Morgan Guaranty Trust Company, the U.S. Treasury Department and Computer Sciences Corporation.
 INFORMATION RESOURCE ENGINEERING, INC.
 Quarter Ended Sept. 30,
 1993 1992
 Revenue $1,006,641 $831,593
 Earnings Before Taxes 250,047 235,647
 Net Earnings 155,047 177,647
 Earnings Per Share 0.09 0.14
 Weighted Average Number of
 Common Shares Outstanding 1,580,689 1,244,000
 Nine-Month Revenue 1,699,816 2,424,896
 Earnings (loss) Before Taxes (191,314) 772,679
 Net Earnings (loss) (118,314) 564,679
 Earnings (loss) Per Share (0.16) 0.45
 Weighted Average Number of
 Common Shares Outstanding 1,430,785 1,244,000
 -0- 10/21/93
 /CONTACT: Roberta Bowersox of Information Resource Engineering, 410-931-7500/
 (IREG)


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

KD-IH -- DC030 -- 5253 10/21/93 12:56 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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