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INTELLIGENT SYSTEMS ANNOUNCES THIRD QUARTER RESULTS

 INTELLIGENT SYSTEMS ANNOUNCES THIRD QUARTER RESULTS
 NORCROSS, Ga., Oct. 27 /PRNewswire/ -- Intelligent Systems


Corporation (AMEX: INS) announced today its financial results for the quarter ended Sept. 30.
 For the three month period, the company recorded sales revenue of $12,569,000 compared to revenue of $10,700,000 in the third quarter of 1991.
 The third quarter net loss was $1,039,000 or $0.15 per share compared to net income of $1,338,000 or $0.18 per share in the same period last year. The financial results for the third quarter last year include a non-recurring gain of $3,229,000 on the sale of the company's OrCAD subsidiary on Sept. 10, 1991. In the quarter and year-to-date periods in 1991, the company's financial results include a revenue and profit contribution from its OrCAD subsidiary. The company's 1992 results do not include any comparable contribution from OrCAD's operations or sale.
 The year-to-year revenue increase reflects lighter levels of product sales at the company's distribution subsidiaries in France and the United Kingdom. However, the U.K. operation had a significant currency exchange loss during the month of September due to the decline of the pound sterling against the U.S. dollar. The company has reduced the losses from day-to-day operations attributable to its Brier Technology subsidiary but has recorded significant legal expenses related to a previously disclosed lawsuit which Brier was compelled to initiate to protect its trade secrets.
 Subsequent to the quarter end, the company announced that it had participated as a selling shareholder in the initial public offering of IQ Software Corporation. The gain on the sale and the cash proceeds are not included in the results for the third quarter. Furthermore, the company recently completed the acquisition of a majority of the common stock of Intelligent Enclosures Corporation and will begin to consolidate their financial results for reporting periods after Sept. 30, 1992. Intelligent Enclosures designs, manufactures and sells mini- environment systems used in ultra-clean manufacturing processes in industries such as semiconductors.
 Intelligent Systems Corporation common stock is traded 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), Intelligent Enclosures (mini- environment systems), 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 Months Ended Sept. 30, 1992 1991(A)
 Revenue $12,569,000 $10,700,000
 Net Income (Loss) (1,038,000) 1,338,000(D)
 Income (Loss) Per Share Outstanding $(0.16) $0.18(B)
 Average Shares Outstanding(C) 6,676,281 7,236,384
 9 Months Ended Sept. 30,
 Revenue $37,171,000 $36,713,000
 Net Loss (3,741,000) (2,002,000)(D)
 Loss Per Share Outstanding $(0.56) $(0.27)(B)
 Average Shares Outstanding(C) 6,676,539 7,340,636
 (A) Includes results of OrCAD subsidiary which was sold September 1991.
 (B) For periods prior to Nov. 29, 1991, per share income (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 OrCAD subsidiary.
 (D) Includes gain of $3,229,000 on sale of OrCAD subsidiary.
 -0- 10/27/92 R
 /CONTACT: Bonnie Herron of Intelligent Systems Corporation, 404-381-2900/
 (INS) CO: Intelligent Systems Corporation ST: Georgia IN: CPR SU: ERN


CM-BN -- AT003 -- 5314 10/27/92 10:55 EST
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Date:Oct 27, 1992
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