Intelligent Systems Technology, Inc. Wins
'The Blue Chip Enterprise Award' for Inspirational Achievement

Santa Monica, CA, (August 30, 2000) - Intelligent Systems Technology, Inc. (www.intelsystech.com) announced today that it is one of this year's recipients of the prestigious Blue Chip Enterprise Award Year 2000 Competition honoring inspirational achievement in business.

Presented annually by The MassMutual Financial Group and the United States Chamber of Commerce, the award went to ISTI for its innovative strategy of designing and implementing alternative financing solutions for starting and funding an emerging-growth company. ISTI was one of a select group of California companies to be honored for the ability to seize opportunities and succeed.

"Small businesses overcome big barriers everyday and achieve phenomenal success," said Don Luenebrink of MassMutual. "The Blue Chip Enterprise Award is designed to acknowledge this success and has become a national symbol of the most elite and successful small businesses in the country. ISTI is an inspiration to other small businesses."

Coming on the heels of other recent awards and honors, Dr. Azad Madni, Chairman and CEO of ISTI, said that The Blue Chip Enterprise Award is a major recognition for ISTI.

"As a leader in the new field of business analytics, a field intended to maximize situation understanding on the part of executives, managers and other decision-makers during business planning and decision-making, we are honored to receive the prestigious Blue Chip Enterprise Award in recognition of our achievements," said Dr. Azad Madni, Chairman and CEO of ISTI.