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

 HAIFA, ISRAEL, March 18 /PRNewswire/ -- I.I.S. Intelligent Information Systems Ltd. (NASDAQ: IISLF) today reported results for its fourth quarter and year ended Dec. 31, 1992. For the fourth quarter, revenues were $12,755,000, up three percent from $12,371,000 in the comparable quarter last year. Net income increased 45 percent to $2,329,000, or $.18 per share, up from $1,607,000, or $.13 per share, in the same period last year.
 For the year ended Dec. 31, 1992, revenue increased three percent to $45,126,000 from $43,935,000 last year. Net income increased 22 percent to $7,001,000, or $.56 per share, compared with $5,738,000, or $.47 per share, in the year-ago period. The per share numbers have been adjusted to give effect to the three-for-one stock split in the form of a stock dividend effected on Feb. 22, 1993.
 "The modest increase in revenues reflects stability in I.I.S. marketshare, along with a continued shift in sales of peripheral products to network controllers. This change to network controller sales has resulted in increased company gross profits," said Jacob Herbst, I.I.S.'s chairman and chief executive officer. Herbst went on to say, "The selling of higher-margin products together with company- wide measures to increase operation efficiency has contributed to a significant increase in net profit after tax."
 I.I.S. announced that Thomas S. Bednarik, president and chairman of IIS Inc., the wholly owned United States subsidiary, was elected to the board of directors of I.I.S. Intelligent Information Systems, Ltd. Yerach Feigenbaum, an I.I.S. co-founder, was appointed as managing director and chief operating officer with responsibility for Israel- based operations.
 With the recent acquisition of Decision Data, a major supplier of midrange peripheral products, changes to the management structure of I.I.S. include the addition of seven regional vice presidents with overall sales responsibility as well as a vice president of marketing and international sales. The acquisition of the product business of Decision Data, for approximately $17 million in cash and other consideration, was financed from internal corporate funds and existing credit facilities of I.I.S. Limited and IIS Inc.
 I.I.S. Intelligent Information Systems Limited designs, develops, manufactures, markets and services a full range of communication, networking and intelligent peripheral products. These products access a wide variety of hosts, local area networks and wide area networks within the IBM midrange and mainframe environments. The company services an international customer base and does business in the United States as Decision Data and Lee Data Divisions of IIS Inc.
 I.I.S. INTELLIGENT INFORMATION SYSTEMS, LTD.
 SUMMARY FINANCIAL INFORMATION
 Fourth Quarter Ended
 Dec. 31, 1992 Dec. 31, 1991
 Revenue $12,755,000 $12,371,000
 Net income $2,329,000 $1,607,000
 Earnings per share (a) $0.18 $0.13
 Weighted average number
 of shares outstanding (b) 12,605,000 12,399,000
 12 Months Ended
 Dec. 31, 1992 Dec. 30, 1991
 Revenue $45,126,000 $43,935,000
 Net income $7,001,000 $5,738,000
 Earnings per share (a) $0.56 $0.47
 Weighted average number
 of shares outstanding (a) 12,527,000 12,330,000
 (a) All amounts have been adjusted to give effect to the three-for- one stock split in the form of a stock dividend effected on Feb. 22, 1993.
 -0- 3/18/93
 /CONTACT: Henry W. Ling, Investor Relations Consultant, 516-826-4769, for I.I.S. Intelligent Information/
 (IISLF)


CO: I.I.S. Intelligent Information ST: Minnesota IN: SU: ERN

AL -- MN005 -- 7684 03/18/93 17:47 EST
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Date:Mar 18, 1993
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