Intelligent Systems Responds to Unusual Market Activity
04 December 2013 - 11:00PM
Intelligent Systems Corporation (NYSE MKT:INS) ("the Company" or
"ISC") today announced that in view of the unusual activity in the
Company`s stock, the New York Stock Exchange (NYSE) has contacted
the Company in accordance with the NYSE`s usual practice and
requested that the Company respond by news release to the unusual
activity.
Ordinarily, it is ISC`s policy not to comment on market activity
or rumors. However, the Company did confirm to the NYSE that it is
not aware of any material corporate developments beyond its most
recently issued news releases that could account for the recent
unusual trading activity in its shares.
About Intelligent Systems Corporation - For over thirty five
years, Intelligent Systems Corporation (NYSE MKT:INS) has
identified, created, operated and grown early stage technology
companies. The company has operations and investments in the
information technology and industrial products industries. The
Company's principal majority-owned subsidiaries are CoreCard
Software, Inc. (www.corecard.com), a provider of software and
services for prepaid, fleet, credit, private label, accounts
receivable and revolving credit processing, and ChemFree
Corporation (www.chemfree.com), a leader in bioremediating parts
washer equipment and supplies. Further information is available on
our website at www.intelsys.com or by calling 770-381-2900.
This news release may contain forward-looking statements
relating to Intelligent Systems Corporation and its subsidiary and
affiliated companies. These statements include all statements that
are not statements of historical fact regarding the intent, belief
or expectations of Intelligent Systems Corporation and its
management with respect to, among other things, results of
operations, product plans, and financial condition. The words
"may," "will," "anticipate," "believe," "intend," "expect,"
"estimate," "plan," "strategy" and similar expressions are intended
to identify forward-looking statements. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
does not undertake to update or revise any forward-looking
statements whether as a result of new developments or otherwise,
except as required by law. Among the factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements are instability in the financial
markets, delays in product development, undetected software errors,
competitive pressures, changes in customers' requirements or
financial condition, market acceptance of products and services,
changes in the performance, financial condition or valuation of
affiliate companies, the risks associated with investments in
privately-held early stage companies and declines in general
economic and financial market conditions, particularly those that
cause businesses to delay or cancel purchase decisions.
CONTACT: For further information, call
Bonnie Herron, 770-564-5504
or email to bherron@intelsys.com
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