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IRE REPORTS STRONG EARNINGS FOR 1992

 BALTIMORE, March 2 /PRNewswire/ -- Information Resource Engineering, Inc. (NASDAQ: IREG) today announced significant growth of earnings and revenues in 1992. Net earnings for the year ended Dec. 31, 1992, increased by 74 percent to $713,343 from $411,124 in 1991, while pre-tax income more than doubled to $935,343. Revenues grew by 48 percent to $3,109,916 from $2,102,412 the prior year.
 Commenting on the 1992 operating results, IRE's Chairman and Chief Executive Officer Anthony Caputo stated: "IRE's growth in 1992 reflects growth in the Network Security market and the results of our continued investment in building a company which is an industry leader. While we are pleased by the company's financial results in 1992, we are further encouraged that these results were possible at a time when we were investing heavily for the future. During 1992, we continued our emphasis on new product development and, at the same time, began implementing plans to build customer support structures, assure continued product quality and, in general, support the future needs of our clients."
 Company Background
 Information Resource Engineering, Inc., provides technologically advanced, cost-efficient Network Security Products. IRE products use the Data 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 U.S. Treasury Department and Computer Sciences Corporation.
 INFORMATION RESOURCE ENGINEERING, INC.
 12 Months Ended 12 Months Ended
 Dec. 31, 1992 Dec. 31, 1991
 Revenues $3,109,916 $2,102,412
 Pre-Tax Earnings 935,343 411,124
 Net Earnings 713,343 411,124
 Earnings Per Common Share 0.55 0.33
 -0- 3/2/93
 /CONTACT: Roberta Bowersox of Information Resource Engineering, 410-931-7500/
 (IREG)


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

DC -- DC008 -- 1776 03/02/93 08:57 EST
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Publication:PR Newswire
Date:Mar 2, 1993
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