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

         I.I.S. INTELLIGENT INFORMATION SYSTEM LIMITED REPORTS
                         THIRD QUARTER RESULTS
    HAIFA, ISRAEL Nov. 13 /PRNewswire/ -- I.I.S. Intelligent Information Systems Ltd. (NASDAQ: IISLF) today reported results for its third quarter ended Sept. 30, 1991.
    For the third quarter, revenues were $10,736,000, up 12 percent from $9,607,000 in the comparable quarter, last year.  Net income decreased four percent to $1,504,000, or $.37 per share, down from $1,574,000, or $.39 per share in the same period, last year.
    For the nine months ended Sept. 30, 1991, revenue increased 37 percent to $31,564,000 from $23,049,000 last year.  Net income increased one percent to $4,131,000, or $1.01 per share, compared with $4,089,000, or $1.01 per share, in the year-ago period.
    "I am very pleased to have maintained company profitability year-to- date in spite of the continued sluggish American and European economies. Based on order bookings, I am very optimistic that revenue and net income results for the fourth quarter and full year will exceed those of 1990," 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 peripheral and communication products for use with mid-range and large IBM and IBM-compatible mainframe computer systems and other computer system environments such as DEC,  NCR and Data General.  The company services an international customer base.
              I.I.S. INTELLIGENT INFORMATION SYSTEMS, LTD.
                     SUMMARY FINANCIAL INFORMATION
                                             Third Quarter Ended
                                           9/30/91         9/30/90
    Revenue                              $10,736,000     $9,607,000
    Net income                            $1,504,000     $1,574,000
    Earnings per share                         $0.37          $0.39
    Weighted average number
     of shares outstanding                 4,119,000      4,067,000
                                              Nine Months Ended
                                           9/30/91         9/30/91
    Revenue                              $31,564,000     $23,049,000
    Net income                            $4,131,000      $4,089,000
    Earnings per share                         $1.01           $1.01
    Weighted average number
    of shares outstanding                  4,103,000       4,067,000
   -0-                        11/13/91
    /CONTACT:  Henry W. Ling of I.I.S. Intelligent Information System Limited, 516-826-4769/ CO:  I.I.S. Intelligent Information System Limited ST:  Minnesota IN:  CPR SU:  ERN KH -- MN010 -- 3983 11/13/91 13:20 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 13, 1991
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