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I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED ANNOUNCES PUBLIC OFFERING

 YOKNEAM, ISRAEL, Aug. /PRNewswire/ -- I.I.S. Intelligent Information Systems Limited (NASDAQ: IISLF) today announced that it had commenced a public offering of 1,000,000 Ordinary Shares at a price to the public of $23.25. All of the Ordinary Shares being offered are being sold by the Company. The shares are being offered primarily to institutional investors in the United States and Europe. The net proceeds will be used for repayment of bank indebtedness, for expansion of facilities, for additional investment in research and development, and for working capital and general corporate purposes.
 The offering is being managed by Oppenheimer & Co., Inc. and Oscar Gruss & Son, Incorporated. Copies of the final prospectus may be obtai ned from the Prospectus Department, Oppenheimer & Co., Inc., Oppenheimer Tower, World Financial Center, New York, NY 10281; or the Prospectus Department, Oscar Gruss & Son, Incorporated, 74 Broad Street, New York, NY 10004. The underwriting discount is $1.28. Delivery is scheduled for August 10, 1993.
 I.I.S. Intelligent Information Systems Limited designs, develops, manufactures, markets and services data communication, networking and intelligent peripheral products serving a variety of hosts, local area networks, and wide area networks within the large and midrange IBM environments. The company services an international customer base and does business in the United States as Decision Data, a division of IIS Inc.
 -0- 8/03/93
 /CONTACT: Henry Ling, investor relations consultant, 212-370-4500, for I.I.S. Intelligent Information Services Limited/
 (IISLF)


CO: I.I.S. Intelligent Information Services Limited; Decision Data ST: New York IN: TLS SU: OFR

DB -- MN007 -- 8932 08/03/93 13:17 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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