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INTELLIGENT SYSTEMS ANNOUNCES SECOND QUARTER RESULTS

 INTELLIGENT SYSTEMS ANNOUNCES SECOND QUARTER RESULTS
 NORCROSS, Ga., July 28 /PRNewswire/ -- Intelligent Systems Corporation (AMEX: INS) announced today its financial results for the quarter ended June 30.
 For the three-n?th period, the company recorded sales revenue of $11,710,000 compared to revenue of $12,100,000 in the second quarter of 1991.
 The second quarter net loss was $1,296,000 or $0.19 per share compared to a net loss of $1,831,000 or $0.25 per share in the same period last year. For the six-month period ended June 30, the company recorded a loss of $2,703,000 or $0.40 per share on revenue of $24,602,000. The average number of shares outstanding in the second quarter and year-to-date periods was 6,676,668, 10 percent lower than in the comparable periods last year. The reduction in shares outstanding is due mainly to the retirement of shares received in partial payment of the sale of a subsidiary in 1991.
 In 1991, the company's financial results included a revenue and profit contribution from its OrCAD software subsidiary. Intelligent Systems sold its interest in OrCAD in September 1991; therefore, 1992 results do not include OrCAD financials.
 In January 1992, the company purchased a microcomputer products and training business in the United Kingdom, which improved the year-to-year performance of its existing InterQuad UK subsidiary and, combined with favorable currency exchange rates, reduced the loss attributable to its European operations. The operating loss related to the company's Brier Technology subsidiary was the largest single element in the current quarter and year-to-date results. The company has determined that it will curtail additional capital investment in Brier Technology and, consequently, Brier is implementing reductions in operating expenses. Year-to-date expenses in 1992 include significant legal fees related to two separate, previously discussed actions brouded on the American Stock Exchange under the symbol INS. The company conducts its business through subsidiaries: InterQuad (European distribution of microcomputer products); Intelligent Systems Japan (Pacific Rim distribution of software products); Quadram (high capacity removable storage subsystems), and Brier Technology (high capacity floppy disk drives). The company also has investments in developing companies, primarily technology-based.
 SUMMARY OF RESULTS
 3 mos. ended June 30 1992 1991(a)
 Revenue $11,710,000 $12,100,000
 Net loss (1,296,000) (1,831,000)
 Loss per share outstanding $(0.19) $(0.25)(b)
 Average shares outstanding(c) 6,676,668 7,392,455
 6 mos. ended June 30 1992 1991(a)
 Revenue $24,602,000 $26,013,000
 Net loss (2,703,000) (3,340,000)
 Loss per share outstanding $(0.40) $(0.45)(b)
 Average shares outstanding(c) 6,676,668 7,392,762
 (a) Includes results of OrCAD subsidiary which was sold September 1991.
 (b) For periods prior to Nov. 29, 1991, per share loss is based on weighted average number of partnership units outstanding, including general partner's interest.
 (c) Shares outstanding decreased due to retirement of shares tendered as partial payment on sale of subsidiary in September 1991.
 -0- 7/28/92
 /CONTACT: Bonnie Herron of Intelligent Systems, 404-381-2900/
 (INS) CO: Intelligent Systems Corporation ST: Georgia IN: CPR SU: ERN


BN-BR -- AT002 -- 3924 07/28/92 09:36 EDT
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Date:Jul 28, 1992
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