-----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,
 BqToVXf2KSLe+h9N8QF4g4S6XTCjAfzmxM34x2fzaXMfNaxbQny2ws3DCFQijA/W
 hBuIgGa7ZDlOoPwiO1xMFA==

<SEC-DOCUMENT>0001362310-08-001856.txt : 20080408
<SEC-HEADER>0001362310-08-001856.hdr.sgml : 20080408
<ACCEPTANCE-DATETIME>20080408162845
ACCESSION NUMBER:		0001362310-08-001856
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080404
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080408
DATE AS OF CHANGE:		20080408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTELLIGENT SYSTEMS CORP
		CENTRAL INDEX KEY:			0000320340
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				581964787
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09330
		FILM NUMBER:		08745605

	BUSINESS ADDRESS:	
		STREET 1:		4355 SHACKLEFORD RD
		CITY:			NORCROSS
		STATE:			GA
		ZIP:			30093
		BUSINESS PHONE:		4043812900

	MAIL ADDRESS:	
		STREET 1:		4355 SHACKLEFORD ROAD
		CITY:			NORCROSS
		STATE:			GA
		ZIP:			30093
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c72934e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): April 4, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><font style="font-variant: small-caps"><B>Intelligent Systems Corporation</B></font><BR>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Georgia</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-09330</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>58-1964787</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>4355 Shackleford Road, Norcross, Georgia<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>30093</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(770) 381-2900</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>NONE<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>


<P align="left" style="font-size: 10pt; text-indent: 3%">On April&nbsp;4, 2008, Intelligent Systems Corporation (the &#147;Company&#148;) and two subsidiaries, VISaer, Inc. and VISaer
(UK)&nbsp;Limited (collectively, &#147;VISaer&#148;) entered into an asset purchase agreement (the &#147;Asset Purchase Agreement&#148;) with
IBS Technics, Inc. (&#147;IBS Technics&#148;) whereby VISaer agreed to sell substantially all the assets related to VISaer&#146;s
business (excluding cash and accounts receivable) to IBS Technics. The purchase price of the assets consists of
approximately $3&nbsp;million payable in cash at closing plus future earn-out payments over four years (with minimum
payments aggregating $1.5&nbsp;million). In addition, IBS Technics agreed to assume approximately $750,000 in liabilities
of VISaer. VISaer will retain the remainder of the liabilities of the business along with cash and accounts
receivable. Subject to customary closing conditions, the sale of assets is expected to close on or before April&nbsp;30,
2008.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.01 Other Events.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">On April&nbsp;8, 2008, the Company issued a press release announcing the execution of the Asset Purchase Agreement. A
copy of such press release is attached hereto as Exhibit&nbsp;99.1 and is incorporated herein by reference.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">(c)&nbsp;Exhibits.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated April&nbsp;8, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">2
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="left" style="font-size: 10pt"><B>&nbsp;</B>


<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt; text-indent: 3%">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.



<P align="left" style="margin-left:48%; font-size: 10pt"><FONT style="font-variant: SMALL-CAPS"><B>Intelligent Systems Corporation </B>
</FONT>


<P align="left" style="margin-left:48%; font-size: 10pt">By:<U> /s/ Bonnie Herron</U><BR>
Bonnie L. Herron<BR>
Vice President and CFO<BR>


<P align="left" style="font-size: 10pt">Dated: April&nbsp;8, 2008





<P align="center" style="font-size: 10pt">3
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">





<P align="left" style="font-size: 10pt"><B>&nbsp;</B>


<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated April&nbsp;8, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">4
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c72934exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="left" style="font-size: 10pt"><B>Exhibit&nbsp;99.1</B>


<P align="left" style="font-size: 10pt"><U><B>FOR IMMEDIATE RELEASE</B></U>
<BR>
For further information, call
<BR>
Bonnie Herron, 770/564-5504
<BR>
or email to <U>bherron@intelsys.com</U>


<P align="center" style="font-size: 10pt"><B>Intelligent Systems Announces Pending Sale of Its VISaer Business</B>



<P align="center" style="font-size: 10pt"><B>***<BR>
Acquisition by IBS Technics Will Combine Aviation Industry Software and Services Companies</B>



<P align="left" style="font-size: 10pt">Norcross, Georgia &#150; April&nbsp;8, 2008 &#151; Intelligent Systems Corporation (AMEX: INS; www.intelsys.com) today announced the
pending sale of the principal assets of its VISaer, Inc. subsidiary to IBS Technics, Inc. in a transaction that is
expected to close before April&nbsp;30, 2008, pending satisfaction of certain closing conditions. Under the terms of the
Asset Purchase Agreement executed on April&nbsp;4, 2008, IBS Technics will acquire the VISaer business and the related
operating assets of VISaer&#146;s U.S. and U.K. based operations for approximately $3.0&nbsp;million cash plus future cash
payments based on certain earnout metrics over the next four years, with a guaranteed minimum of $1.5&nbsp;million in
earnout payments. IBS Technics will also assume approximately $750,000 in liabilities of VISaer as well as all
customer contracts. VISaer will retain its accounts receivable, cash and other liabilities as of the closing date.


<P align="left" style="font-size: 10pt">VISaer designs and sells software and related services to the world-wide aircraft maintenance and engineering industry.
IBS Technics is a subsidiary of IBS Software Services Americas, Inc., part of the global IBS Group of companies
headquartered in Bangalore, India. The IBS companies provide technology products and services for the travel,
transportation and logistics industries. Following the close of the transaction, IBS Technics will operate with the
current VISaer employees at VISaer&#146;s Andover, Massachusetts location.


<P align="left" style="font-size: 10pt">J.&nbsp;Leland Strange, President and Chief Executive Officer of Intelligent Systems Corporation, stated, &#147;It is
increasingly apparent that to compete successfully in the challenging global market for aviation software, having a
very good software product is not enough. Customers expect a full service company with strong financial and global
support capabilities. Together, IBS and VISaer will provide a compelling product and service offering. We believe this
sale is the right choice at this time to provide continuity and support for VISaer&#146;s employees and customers.&#148;






<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">





<P align="left" style="font-size: 10pt"><B><I>About Intelligent Systems Corporation</I></B>
<BR>
For over thirty years, Intelligent Systems Corporation &#091;AMEX: INS&#093; has identified, created, operated and grown early
stage technology companies. After the VISaer sale, the company&#146;s consolidated subsidiaries will include CoreCare
Software, Inc. (<U>www.corecard.com</U>) and ChemFree Corporation (<U>www.chemfree.com</U>). Further information is
available on the company&#146;s website at <U>www.intelsys.com</U>, or by calling the company at 770/381-2900.


<P align="left" style="font-size: 10pt"><I>In addition to historical information, this news release may contain forward-looking statements relating to Intelligent
Systems 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 and its management with respect to,
among other things, results of operations, product plans, and financial condition. The words &#147;may,&#148; &#147;will,&#148;
&#147;anticipate,&#148; &#147;believe,&#148; &#147;intend,&#148; &#147;expect,&#148; &#147;estimate,&#148; &#147;plan,&#148; &#147;strategy&#148; 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. Among the factors that could cause
actual results to differ materially from those indicated by such forward-looking statements are delays in product
development, undetected software errors, competitive pressures (including pricing), changes in customers&#146; requirements
or financial condition, market acceptance of products and services, changes in financial markets, changes in the
performance, financial condition or valuation of affiliate companies, the risks associated with investments in
privately-held early stage companies, and general economic conditions, particularly those that cause business or
government to delay or cancel purchase decisions. Factors that affect the company&#146;s performance and financial results
are more fully disclosed in the company&#146;s most recent filings with the Securities and Exchange Commission, including
its annual report on </I><I>Form 10-KSB</I><I> and its subsequent filings.</I>


<P align="center" style="font-size: 10pt"><I># # # #</I>



<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">6




</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
