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INTELLIGENT SYSTEMS SELLS STOCK IN RECENT IQ SOFTWARE PUBLIC OFFERING

INTELLIGENT SYSTEMS SELLS STOCK IN RECENT IQ SOFTWARE PUBLIC OFFERING
 NORCROSS, Ga., Oct. 16 /PRNewswire/ -- Intelligent Systems Corporation (AMEX: INS) confirmed today that it participated as a selling shareholder in the initial public offering of IQ Software Corporation which because effective Oct. 15.
 Intelligent Systems sold 215,000 shares of common stock of IQ Software at a price per share of $9.00 (before deductions for commissions and underwriting expenses). The company may sell up to 50,000 additional shares in the underwriters over-allotment. Following the sale of these shares (including the additional 50,000 shares), Intelligent Systems will continue to own 533,496 shares of IQ Software common stock, representing approximately 13 percent of the outstanding shares of the newly public company.
 Intelligent Systems has been a minority investor in IQ Software since 1988.
 Intelligent Systems Corporation common stock is traded on the American Stock Exchange under the symbol INS.
 -0- 10/16/92 R
 /CONTACT: Bonnie L. Herron of Intelligent Systems, 404-381-2900/
 (INS) CO: Intelligent Systems Corporation; IQ Software Corporation ST: Georgia IN: CPR SU:


BR-BN -- AT001 -- 0890 10/16/92 11:05 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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