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IRE REPORTS FIRST QUARTER LOSS, STILL EXPECTS PROFITABLE GROWTH IN 1993

 BALTIMORE, April 16 /PRNewswire/ -- Information Resource Engineering, Inc., (NASDAQ-NMS: IREG) today announced a loss of $126,443 in the first quarter on sales of $326,725. Comparable results in 1992 were a profit of $167,930 on sales of $691,019. The company attributed the disappointing results to a delay in a large shipment of products which have been ordered by one customer and stated that it expects to recover this revenue and continue on its historical growth in 1993.
 In commenting on this announcement, Anthony Caputo, IRE's chairman stated: "We are disappointed that IRE's string of consecutive profitable quarters has been interrupted and are working diligently to see that the company resumes its past performance which has been characterized by profitable growth. IRE's strengths include a very healthy balance sheet, a Blue-Chip customer base, state-of-the-art products, and a highly skilled, dedicated staff. We intend to apply all these strengths toward continuing our leadership position in the fast growing Network Security Market and as a result, remain confident that 1993 will be another year of profitable growth at IRE."
 Company Background
 Information Resource Engineering, Inc. provides technologically advanced, cost-efficient Network Security Products. IRE products use the Date Encryption Standard (DES), which is the preferred encryption algorithm for private industry and government applications. IRE systems are installed at a number of major organizations including AT&T Communications, Citibank N.A., Morgan Guaranty Trust Company, the United States Treasury Department and Computer Sciences Corporation.
 -0- 4/16/93
 /CONTACT: Roberta Bowersox of Information Resource Engineering, 410-931-7500/
 (IREG)


CO: Information Resource Engineering ST: Maryland IN: CPR SU: ERN

IH-KD -- DC031 -- 6907 04/16/93 16:03 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:274
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