Exhibit 99.1

For additional information contact:
Richard S. DeRose (703) 293-7901
For release:
March 31, 2009 at 9:00 am.

Information Analysis Inc. Announces Fourth Quarter Results

FAIRFAX, VIRGINIA – Information Analysis Inc. (IAIC:OTCBB) today reported results for the fourth quarter and full year ended December 31, 2008. Revenues were $1,651,000, compared to $2,156,000 reported in the fourth quarter 2007. The information technology services company reported a net loss of $102,000 or $(0.01) per share basic and diluted, compared to a net loss of $23,000 or $0.00 per share basic and diluted in the comparable period in 2007.

     For the year ended December 31, 2008, IAI posted revenue of $6,694,000 and a net loss of $371,000, or $(0.03) per share basic and diluted. The Company reported revenue of $9,953,000 and net income of $184,000 or $0.02 per share basic and diluted for the year ended December 31, 2007.

     “This has been a challenging 2008 for us due to the deterioration of the economy and constrained budgets within the federal government,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “In response, we invested added resources in the area of sales to build a larger pipeline of business, and we have been aggressively working on building more strategic partnerships with some of the larger service companies. Those efforts have borne fruit, and the results are beginning to take hold in 2009. We are also beginning a new business practice in the area of IT business intelligence that looks very promising. In addition, we have made substantial cost cutting moves to improve our profit picture for 2009. Our financial net worth and cash position are strong and will help carry us through this difficult period. Having gone through several of these retooling efforts over the last thirty years, I am confident that 2009 will be much improved over 2008.

     “We are continuing to pursue merger/acquisition opportunities with other organizations.”

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Information Analysis Reports Fourth Quarter Results

March 31, 2009 Page 2 of 4

About Information Analysis Incorporated

     Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the internet world.

Additional information for investors

     This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2007, and in other filings with the Securities and Exchange Commission.

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Information Analysis Reports Fourth Quarter Results             
March 31, 2009                 
Page 3 of 4                 
 
Information Analysis Incorporated         
Condensed Statements of Operations         
 
                 Three months ended December 31, 
(in thousands, except per share data)        2008        2007 
Sales:                 
           Professional fees                   $    857    $    1,677 
           Software sales        794        479 
           Total sales        1,651        2,156 
Cost of goods sold and services provided:                 
           Cost of professional fees        642        1,268 
           Cost of software sales        667        369 
           Total cost of sales        1,309        1,637 
Gross profit        342        519 
Operating expenses:                 
           Selling, general and administrative        450        514 
(Loss) income from operations        (108)        5 
Other income (expenses), net        6        (24) 
(Loss) before provision for income taxes        (102)        (19) 
Provision for income taxes        -        4 
Net (loss)                   $    (102)    $    (23) 
 
Earnings per Common Share: Basic and Diluted                 
           Basic net loss                   $    (0.01)    $    0.00 
           Diluted net loss                   $    (0.01)    $    0.00 
 
Shares used in calculating earnings per share:                 
           Basic                   11,196,760    11,196,760 
           Diluted                   11,196,760    11,383,584 
 
 
                   Twelve months ended December 31, 
(in thousands, except per share data)        2008        2007 
Sales:                 
           Professional fees                   $    4,951    $    7,042 
           Software sales        1,743        2,911 
           Total revenue        6,694        9,953 
Cost of goods sold and services provided:                 
           Cost of professional fees        3,669        5,361 
           Cost of software sales        1,348        2,300 
           Total cost of sales        5,017        7,661 
Gross profit        1,677        2,292 
Operating expenses:                 
           Selling, general and administrative        2,069        2,100 
(Loss) income from operations        (392)        192 
Other income (expenses)        21        (4) 
(Loss) income before provision for income taxes        (371)        188 
Provision for income taxes        --        4 
Net (loss) income                   $    (371)    $    184 
 
Earnings per Common Share:                 
           Basic net (loss) income                   $    (0.03)    $    0.02 
           Diluted net (loss) income                   $    (0.03)    $    0.02 
 
Shares used in calculating earnings per share:                 
           Basic                   11,196,760    11,196,760 
           Diluted                   11,196,760    11,398,180 

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Information Analysis Reports Fourth Quarter Results                 
March 31, 2009                 
Page 4 of 4                 
 
Information Analysis Incorporated         
Balance Sheets             
 
        As of        As of 
(in thousands)    December 31, 2008    December 31, 2007 
ASSETS                 
Current assets:                 
 Cash and cash equivalents    $    1,549    $    1,223 
 Accounts receivable, net        1,122        1,560 
 Prepaid expenses        470        463 
 Other assets        1        4 
 Other receivables        --        2 
                 Total current assets        3,142        3,252 
 
Fixed assets, net        56        79 
 
Other assets        6        9 
Total assets    $    3,204    $    3,340 
 
LIABILITIES & STOCKHOLDERS' EQUITY                 
Current liabilities:                 
     Accounts payable    $    802    $    721 
     Deferred revenue        603        394 
     Accrued payroll and related liabilities        214        258 
     Other accrued liabilities        31        45 
     Income taxes payable        2        3 
Total current liabilities        1,652        1,421 
 
Total liabilities        1,652        1,421 
 
Common stock, par value $0.01, 30,000,000 shares authorized;             
     12,839,376 shares issued, 11,196,760 outstanding at                 
     December 31, 2008, and 2007        128        128 
Additional paid in capital        14,550        14,546 
Accumulated deficit        (12,196)        (11,825) 
Less treasury stock; 1,642,616 shares at                 
     cost at December 31, 2008 and 2007        (930)        (930) 
             Total stockholders' equity        1,552        1,919 
Total liabilities and stockholders' equity    $    3,204    $    3,340 

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