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IRE CHAIRMAN IS CHOSEN MARYLAND ENTREPRENEUR OF THE YEAR

 BALTIMORE, July 6 /PRNewswire/ -- Information Resource Engineering, Inc. (NASDAQ: IREG), today announced the naming of its chairman and chief executive officer, Anthony Caputo, as Maryland's High Tech Entrepreneur of the Year. The award, sponsored by Inc. Magazine, Ernst and Young and Merrill Lynch, is given to individuals whose inventiveness, hard work and perseverance have created and sustained successful, growing business ventures. Nominees are evaluated based on criteria including innovation, management, financial performance, marketing and strategic planning. Caputo will compete for National Entrepreneur of the Year in November, with the winner to be announced in the December issues of Inc.
 "While this award focuses on individuals -- in reality, it recognizes the accomplishments of IRE's dedicated employees," noted Caputo. "Due to their efforts, IRE was recently noted as the fastest- growing public company in Maryland. In addition to our skilled staff, IRE's rapid growth stems from our state-of-the-art products, Blue-Chip customer base and the expanding market for network security products."
 "IRE is an exciting company," noted Francis Contino of Ernst and Young. "Tony Caputo's approach is atypical of most entrepreneurs. He manages prudently day-by-day, while keeping a careful eye toward the future. Given the increased use of electronic transfers of information, telecommunications and cellular phones, IRE has a bright future. The company is investing significantly in research and development to continue its leadership position. Caputo also believes in investing in employees. All of whom have stock options in the company, giving each a stake in its future.
 COMPANY BACKGROUND
 Information Resource Engineering, Inc., provides technologically advanced, cost-efficient Network Security Systems. IRE products use the Data Encryption Standard (DES), the preferred encryption algorithm for financial institutions internationally. In non-financial applications throughout the world, IRE's proprietary ATLAS algorithm is used. IRE Network Security Systems use Encryption Technology to encrypt data, authenticate messages and identify and authenticate individual computer users.
 IRE is a leading supplier of security products to banks, governments and corporations. The company's clients include Citibank, Bankers Trust, Mellon Bank, the Bank of Montreal, Wachovia Bank, the U.S. Department of the Treasury, the U.S. Internal Revenue Serve and AT&T Communications.
 -0- 7/6/93
 /CONTACT: Roberta Bowersox of Information Resource Engineering, Inc., 410-931-7500/
 (IREG)


CO: Information Resource Engineering, Inc. ST: Maryland IN: CPR SU:

MH-TW -- DC006 -- 8545 07/06/93 10:20 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
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