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I.I.S. INTELLIGENT INFORMATION SYSTEMS TO FILE REGISTRATION STATEMENT

 YOKNEAM, ISRAEL, May 7 /PRNewswire/ -- I.I.S. Intelligent Information Systems Limited (NASDAQ-NMS: IISLF) announced today that it intends to file in the near future a Registration Statement under the U.S. Securities Act of 1933 for a proposed underwritten public offering by the company of up to 825,000 ordinary shares.
 The offering will be made only by means of a prospectus. The shares are expected to be offered only 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.
 -0- 5/7/93
 /CONTACT: Henry W. Ling, Investor Relations Consultant, 516-826-4769, for I.I.S. Intelligent Information Systems/
 (IISLF)


CO: I.I.S. Intelligent Information Systems Limited ST: IN: SU: OFR

AL -- MN014 -- 6148 05/07/93 17:23 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:151
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