Exhibit 99.1

For additional information contact:
Richard S. DeRose
(703) 293-7901

For release: November 12, 2009

Information Analysis Inc. Reports Third Quarter Profitable Results

FAIRFAX, VIRGINIA – Information Analysis Inc. (IAIC:OTCBB) today reported results for its third fiscal quarter ended September 30, 2009. Revenues were $1,988,000, compared to $1,596,000 reported in the third quarter 2008. The information technology services company reported net income of $122,000, or $0.01 per share basic and diluted, compared to a net loss of $71,000 or $0.00 per share basic and diluted, in the third quarter 2008.

     For the nine months ended September 30, 2009, IAI’s revenues were $4,787,000, compared to revenues of $5,042,000 for the same period in 2008. The Company reported net income of $66,000, or $0.01 per share basic and diluted, compared to a net loss of $269,000, or ($0.02) per share basic and diluted, reported for the comparable 2008 period.

     “The Company increased revenue and profit in the third quarter in comparison to last year’s third quarter. Additionally, as a result of our continuing investment in sales and marketing , we have been awarded a number of new contracts in the past few months worth in excess of 3 million dollars,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “There are still a number of bid opportunities outstanding for new business, which should allow our profitability to continue to grow.” “We continue to pursue merger and acquisition opportunities.”

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-K for the fiscal year ended December 31, 2008 and in other filings with the Securities and Exchange Commission.

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   Information Analysis Reports Third Quarter Profitable Results         
November 12, 2009                 
Page 2 of 4                 
 
 
Information Analysis Incorporated                 
Statements of Operations                 
        Three months ended September 30, 
(in thousands, except per share data; unaudited)        2009        2008 
Revenue:                 
       Professional fees    $    1,302    $    1,261 
       Software sales        686        335 
       Total revenue        1,988        1,596 
Cost of goods sold and services provided:                 
       Cost of professional fees        751        870 
       Cost of software sales        580        235 
       Total cost of sales        1,331        1,105 
Gross margin        657        491 
Selling general & administrative expense        536        568 
Income (loss) from operations        121        (77) 
Other income, net        1        6 
Income (loss) before income taxes        122        (71) 
Provision for income taxes        --        -- 
Net income (loss)    $    122    $    (71) 
 
 
Earnings (loss) per common share:                 
       Basic    $    0.01    $       (0.01) 
       Diluted    $    0.01    $       (0.01) 

Shares used in calculating earnings per share:         
       Basic    11,196,760    11,196,760 
       Diluted    11,208,403    11,196,760 

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   Information Analysis Reports Third Quarter Profitable Results         
November 12, 2009                 
Page 3 of 4                 
 
 
Information Analysis Incorporated                 
Statements of Operations                 
        Nine months ended September 30, 
(in thousands, except per share data; unaudited)        2009        2008 
Revenue:                 
       Professional fees    $    3,601    $    4,093 
       Software sales        1,186        949 
       Total revenue        4,787        5,042 
Cost of goods sold and services provided:                 
       Cost of professional fees        2,295        3,027 
       Cost of software sales        931        681 
       Total cost of sales        3,226        3,708 
Gross margin        1,561        1,334 
Selling general & administrative expense        1,503        1,618 
Income (loss) from operations        58        (284) 
Other income, net        8        15 
Income (loss) before income taxes        66        (269) 
Provision for income taxes        --        -- 
Net income (loss)    $    66    $    (269) 
 
Earnings (loss) per common share:                 
       Basic    $    0.01    $    (0.02) 
       Diluted    $    0.01    $    (0.02) 

Shares used in calculating earnings per share:         
       Basic    11,196,760    11,196,760 
       Diluted    11,207,820    11,196,760 

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Information Analysis Reports Third Quarter Profitable Results         
November 12, 2009                 
Page 4 of 4                 
 
 
Information Analysis Incorporated                 
Balance Sheets                 
        As of        As of 
 (in thousands; unaudited)        September 30, 2009        December 31, 2008 
 ASSETS                 
 Current assets:                 
   Cash and cash equivalents    $    942    $    1,549 
   Accounts receivable, net        1,605        1,122 
   Prepaid expenses        193        470 
   Other assets        1        1 
               Total current assets        2,741        3,142 
 
 Fixed assets, net        42        56 
 Other assets        6        6 
               Total assets    $    2,789    $    3,204 
 
 LIABILITIES & STOCKHOLDERS' EQUITY                 
 Current liabilities:                 
   Accounts payable    $    465    $    802 
   Accrued payroll and related liabilities        268        214 
   Other accrued liabilities        235        31 
   Deferred revenues        200        603 
   Income taxes payable        --        2 
             Total liabilities        1,168        1,652 
 
 Common stock, par value $0.01, 30,000,000 shares authorized;                 
   12,839,376 shares issued, 11,196,760 outstanding        128        128 
 Additional paid in capital        14,553        14,550 
 Accumulated deficit        (12,130)        (12,196) 
 Less treasury stock; 1,642,616 shares at cost        (930)        (930) 
             Total stockholders' equity        1,621        1,552 
             Total liabilities and stockholders' equity    $    2,789    $    3,204 

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