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                                                               EXHIBIT (A)(5)(D)

                INTELLIGENT SYSTEMS CONFIRMS SELF TENDER PAYMENT

ATLANTA, GEORGIA, JULY 17, 2001 - Intelligent Systems Corporation (AMEX:INS;
www.intelsys.com) confirmed today that the Company's self-tender offer for its
Common Stock, which expired at 12:00 midnight, New York City time, on Thursday,
July 12, 2001, resulted in the tender of 3,904,086 shares of common stock . The
Company had offered to purchase 1,000,000 shares at $5.25 cash per share. In
accordance with the terms of the tender offer, the Company has accepted for
purchase 7,034 odd lot shares and will purchase 25.48076% of the remaining
shares tendered on a pro rata basis, resulting in the purchase of 1,000,000
shares in total.

         The Company's Depositary Agent, American Stock Transfer & Trust
Company, began processing payments to shareholders today. Shareholders who
submitted stock certificates directly to the Depositary Agent will receive by
first class mail a check for the purchased shares and a certificate for the
balance, if any, of shares that were not purchased in the tender offer. Payments
to shareholders who tendered shares held in "street name" through a broker or
financial institution will be made electronically to the "street name" holder
and shares not accepted in the tender offer will likewise be returned
electronically to their "street name" account. A "When Distributed Market" has
been established at The American Stock Exchange under the symbol "INS.WD" to
allow shareholders to trade shares, should they choose to do so, prior to the
unpurchased shares being distributed back to them or their account.

ABOUT INTELLIGENT SYSTEMS CORPORATION

         For more than twenty-five years, Intelligent Systems Corporation has
identified, created, operated and grown early stage technology companies. The
Company uses a combination of business know-how, flexible support, a network of
contacts and resources and equity capital to create sustainable companies. Since
1990, the Company has operated the Intelligent Systems Incubator, an
award-winning pioneer in privately funded


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incubators. Further information is available on the Company's website at
www.intelsys.com, or by calling the Company's headquarters at 770/381-2900.

         Any forward-looking information contained herein is being provided in
accordance with the provisions of the Private Securities Litigation Reform Act.
Such information is subject to certain assumptions and beliefs based on current
information known to the Company and is subject to factors that could result in
actual results differing materially from those anticipated in any
forward-looking statements contained herein. Accordingly, there can be no
assurance that any forward-looking statements contained herein will occur or
that objectives will be achieved.