Exhibit 99.1

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

For release: November 11, 2010

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, 2010. Revenues were $1,952,000 compared to $1,988,000 reported in the third quarter 2009. The information technology services company reported net income of $42,000, or $0.00 per share basic and diluted, compared to net income of $122,000, or $0.01 per share basic and diluted, in the third quarter 2009.

     For the nine months ended September 30, 2010, IAI’s revenues were $5,655,000 compared to revenues of $4,787,000 for the same period in 2009. The Company reported net income of $225,000 or $0.02 per share basic and diluted, compared to net income of $66,000, or $0.01 per share basic and diluted, reported for the comparable 2009 period.

     “The year to date revenue and profit in comparison to last year increased significantly. 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 2 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, 2009 and in other filings with the Securities and Exchange Commission.

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Information Analysis Reports Third Quarter Results                 
November 11, 2010                 
Page 2 of 4                 
 
Information Analysis Incorporated         
Statements of Operations             
 
    Three months ended September 30, 
(in thousands, except per share data; unaudited)        2010        2009 
Revenue:                 
           Professional fees       $    1,293    $    1,302 
           Software sales        659        686 
           Total revenue        1,952        1,988 
Cost of goods sold and services provided:                 
           Cost of professional fees        723        751 
           Cost of software sales        593        580 
           Total cost of sales        1,316        1,331 
Gross margin        636        657 
Selling, general and administrative expense        596        536 
Income from operations        40        121 
Other income, net        2        1 
Income before income taxes        42        122 
Provision for income taxes        --        -- 
Net income       $    42    $    122 
 
 
Earnings per common share:                 
           Basic       $    0.00    $    0.01 
           Diluted       $    0.00    $    0.01 
 
Shares used in calculating earnings per share:                 
           Basic       11,196,760    11,196,760 
           Diluted       11,224,521    11,208,403 

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Information Analysis Reports Third Quarter Results                 
November 11, 2010                 
Page 3 of 4                 
 
Information Analysis Incorporated         
Statements of Operations             
 
    Nine months ended September 30, 
(in thousands, except per share data; unaudited)        2010        2009 
Revenue:                 
           Professional fees       $    3,921    $    3,601 
           Software sales        1,734        1,186 
           Total revenue        5,655        4,787 
Cost of goods sold and services provided:                 
           Cost of professional fees        2,178        2,295 
           Cost of software sales        1,475        931 
           Total cost of sales        3,653        3,226 
Gross margin        2,002        1,561 
Selling, general and administrative expense        1,784        1,503 
Income from operations        218        58 
Other income, net        7        8 
Income before income taxes        225        66 
Provision for income taxes        --        -- 
Net income       $    225    $    66 
 
Earnings per share:                 
           Basic       $    0.02    $    0.01 
           Diluted       $    0.02    $    0.01 
 
 
Shares used in calculating earnings per share:                 
           Basic       11,196,760    11,196,760 
           Diluted       11,216,833    11,207,820 

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Information Analysis Reports Third Quarter Results                 
November 11, 2010                 
Page 4 of 4                 
 
Information Analysis Incorporated         
Balance Sheets             
 
                     As of        As of 
    September 30, 2010    December 31, 2009 
(in thousands)    (unaudited)        (audited) 
ASSETS                 
Current assets:                 
     Cash and cash equivalents                   $    1,877           $    1,479 
     Accounts receivable, net        1,667        940 
     Prepaid expenses        761        689 
     Note receivable        6        -- 
             Total current assets        4,311        3,108 
 
Fixed assets, net        35        42 
Note receivable        13        -- 
Other assets        6        6 
             Total assets                   $    4,365           $    3,150 
 
 
LIABILITIES & STOCKHOLDERS' EQUITY                 
Current liabilities:                 
     Accounts payable                   $    732           $    89 
     Accrued payroll and related liabilities        252        255 
     Other accrued liabilities        621        307 
     Deferred revenues        805        779 
             Total current liabilities        2,410        1,430 
 
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        14,564        14,554 
Accumulated deficit                     (11,807)           (12,032) 
Less treasury stock; 1,642,616 shares at cost        (930)        (930) 
             Total stockholders' equity        1,955        1,720 
             Total liabilities and stockholders' equity                   $    4,365           $    3,150 

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