NORCROSS, GA – Intelligent Systems Corporation, a publicly held company that creates, operates, and grows early stage growth tech companies, announced the sale of its minority interest in Horizon Software, Inc., a privately held software company based out of Loganville, Georgia.

Intelligent Systems, which has headquarters in Norcross, GA, sold its entire holdings of Series A Preferred Shares of Horizon to Horizon Software Holdings, Inc., an entity comprised of the several officers of Horizon, as well as its founder.

Horizon Software focuses on foodservice management technology, including inventory management, procurement, menu planning, nutrition analysis, and warehouse distribution. In 2005, the company was named one of Georgia’s Technology Fast 50.

J. Leland Strange, President and CEO of Intelligent Systems Corporation, stated, “Our investment in Horizon enabled the company to build on its base in the K-12 education market for Foodservice Management systems and to accelerate its successful expansion into the military, higher education and corporate/resident dining markets. This sale transaction provides a solid return for Intelligent Systems and demonstrates the commitment and optimism of Horizon’s management owners to continue to excel as a privately-held software company.”

Effective as of August 31, ISC sold the Horizon stock for a total price of $5.7 million, consisting of $2.85 million in cash at closing and a secured promissory note from Horizon Software Holdings, Inc. for $2.85 million due January 31, 2007.

www.intelsys.com

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