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I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED ANNOUNCES THREE-FOR-ONE STOCK SPLIT IN THE FORM OF A STOCK DIVIDEND

 YOKNEAM, Israel, Jan. 6 /PRNewswire/ -- I.I.S. Intelligent Information Systems Limited (NASDAQ-NMS: IISLF) today announced that its board of directors had voted to recommend to the shareholders of the company at an extraordinary general meeting, to be held on Feb. 15, 1993 in Yokneam, Israel, that they approve a three-for-one stock split in the form of a stock dividend (distribution of bonus shares). The record date for receiving notice of and voting at the extraordinary general meeting is the close of business on Jan. 18, 1993. If the proposed action is approved by the shareholders, the record date for entitlement to the stock dividend (bonus shares) will be the close of business on Feb. 16, 1993, and the ordinary shares of the company will be traded post-stock dividend beginning Feb. 22, 1993.
 Jacob Herbst, I.I.S.'s chairman and chief executive officer, said, "We believe the stock dividend will assist in increasing the liquidity of the market for the company's shares."
 I.I.S. designs, develops, manufactures, markets and services communication, networking and peripheral products accessing a variety of hosts, local area networks, and wide area networks within large and midrange IBM and DEC environments. The company services an international customer base and does business in the United States as Lee Data, A Division of IIS Inc.
 -0- 1/6/93
 /CONTACT: Henry W. Ling, I.I.S. investor relations consultant, 516-826-4769/
 (IISLF)


CO: I.I.S. Intelligent Information Systems Limited ST: Minnesota IN: CPR SU: DIV

KH -- MN013 -- 2401 01/06/93 17:30 EST
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Publication:PR Newswire
Date:Jan 6, 1993
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