-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UEIg+eJAYfumxBfz//p7NZ5frCcM80IhDMl8LHQlYsslVIoojyFqkFawWAkaUdxp FEKHlv+2XmIZb3azKDJLzQ== 0001178913-08-002964.txt : 20081124 0001178913-08-002964.hdr.sgml : 20081124 20081124060756 ACCESSION NUMBER: 0001178913-08-002964 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081124 FILED AS OF DATE: 20081124 DATE AS OF CHANGE: 20081124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IIS INTELLIGENT INFORMATION SYSTEMS LTD CENTRAL INDEX KEY: 0000742358 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER TERMINALS [3575] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13012 FILM NUMBER: 081209058 BUSINESS ADDRESS: STREET 1: 33 JABOTINSKY ST STREET 2: RAMAF GAN ISREAL BUSINESS PHONE: 9724892077 MAIL ADDRESS: STREET 1: 33 JABOTINSKY STREET STREET 2: RAMAF GAN ISRAEL CITY: RAMAF GAN STATE: L3 ZIP: 00000 6-K 1 zk86074.htm 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2008

I.I.S. INTELLIGENT INFORMATION SYSTEMS
LIMITED.

(Translation of Registrant’s Name Into English)

33 Jabotinsky Street
Ramat Gan, Israel
(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F x Form 40-F o

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes o No x

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______.)

The following items is being submitted herewith as Exhibit 1:

Press Release dated October 29, 2008



SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




Date: November 20, 2008
I.I.S. INTELLIGENT INFORMATION SYSTEMS
LIMITED


By: /s/ Robi Hartman
——————————————
Robi Hartman, Chief Executive Officer



EX-99 2 exhibit_1.htm 6-K

Exhibit 1

Contact:
Robi Hartman
I.I.S Intelligent Information Systems, Ltd.
011-972- 3-751-0007

FOR IMMEDIATE RELEASE

I.I.S. INTELLIGENT INFORMATION SYSTEMS LTD.

ANNOUNCES THAT ITS WHOLLY-OWNED SUBSIDIARY IS
SCALING DOWN OPERATIONS

Ramat Gan, ISRAEL, October 29, 2008I.I.S. Intelligent Information Systems Ltd. (IISLF.OB).

RAMAT GAN, Israel, October 29 – I.I.S. Intelligent Information Systems Ltd. (IISLF.OB)(“IIS”) announced that its sole wholly-owned subsidiary, Witech Communications Ltd. (“Witech”), has significantly scaled-down its operations and has given notice to most of its employees. Although income from operations during 2008 has exceeded income for the corresponding period in 2007, due to the prevailing economic climate IIS and Witech have succeeded in raising only approximately $3,600,000 of the approximately $6,000,000 required to sustain Witech’s operations. The remaining employees will continue to provide technical support to existing installations and to deal with any new installations that may be required. In addition, Witech’s founders and certain other key employees are currently continuing to provide services without being paid. In the event that the projected revenues will not be sufficient to sustain the reduced level of operations, additional actions will be required and management is evaluating the situation on an on-going basis. IIS and Witech are continuing negotiations with potential investors and are evaluating alternative business strategies, but no assurance can be given that any such efforts will be successful.

IIS currently has approximately $3,000,000 principal amount of convertible debt outstanding and Witech has approximately $1,500,000 principal amount of non-convertible debt outstanding to various lenders.

IIS, through Witech. which it acquired in January 2008, is engaged in the field of video transmission using wireless communications technology. Witech, together with its wholly owned Delaware subsidiary, develops, manufactures, installs, operates and supports on-ride video systems for use on thrill rides and other attractions in amusement parks.

Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995: This release contains historical information and forward-looking statements. Statements looking forward in time are included in this release pursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from any future performance suggested herein. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.



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