Exhibit 99.1 For additional information contact: Richard S. DeRose (703) 293-7901

For release: March 30, 2011

Information Analysis Inc. Reports Profitable Results for 2010

FAIRFAX, VIRGINIA – Information Analysis Inc. (IAIC:OTCBB) today reported results for the year ended December 31, 2010. Revenues were $6,860,000, compared to revenues of $6,711,000 for the same period in 2009. The information technology services company reported net income of $146,000, or $0.01 per share basic and diluted, compared to net income of $164,000, or $0.01 per share basic and diluted, reported for the comparable 2009 period.

     “The Company reported essentially the same revenue and profit for 2010 in comparison to 2009’s results. In order to grow the business, we have added some initiatives in new areas, such as cyber security and more generalized user applications using Adobe products for our solutions sets,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “We expect to turn this effort into better results during the latter part of 2011.

“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, 2010 and in other filings with the Securities and Exchange Commission.

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Information Analysis Reports Profitable Results for 2010                 
March 30, 2011                 
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Information Analysis Incorporated         
Statements of Operations             
 
        Year ended December 31, 
(in thousands, except per share data; audited)        2010        2009 
Revenue:                 
           Professional fees    $    4,856    $    4,938 
           Software sales        2,004        1,773 


           Total revenue        6,860        6,711 
Cost of goods sold and services provided:                 
           Cost of professional fees        2,763        3,102 
           Cost of software sales        1,711        1,453 


           Total cost of sales        4,474        4,555 


Gross margin        2,386        2,156 
Selling, general and administrative expense        2,249        2,002 


Income from operations        137        154 
Other income, net        9        10 


Income before income taxes        146        164 
Provision for income taxes        --        -- 


Net income    $    146    $    164 


 
Earnings per 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    11,211,024    11,207,905 

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Information Analysis Reports Profitable Results for 2010                 
March 30, 2011                 
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Information Analysis Incorporated         
Balance Sheets                 
 
       As of        As of 
    December 31, 2010        December 31, 2009 
(in thousands)    (audited)        (audited) 
ASSETS                 
Current assets:                 
     Cash and cash equivalents     $    1,968           $    1,479 
     Accounts receivable, net        772        940 
     Prepaid expenses        571        689 
     Note receivable, current        6        - 


             Total current assets        3,317        3,108 
 
Fixed assets, net        36        36 
     Note receivable, long-term        11        -- 
Other assets        6        6 


             Total assets     $    3,370           $    3,150 


 
 
LIABILITIES & STOCKHOLDERS' EQUITY                 
Current liabilities:                 
     Accounts payable     $    76           $    89 
     Deferred revenues        653        779 
     Commissions payable        447        222 
     Accrued payroll and related liabilities        245        255 
     Other accrued liabilities        69        85 


             Total liabilities        1,490        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        14,568        14,554 
Accumulated deficit       (11,886)           (12,032) 
Less treasury stock; 1,642,616 shares at cost        (930)        (930) 


             Total stockholders' equity        1,880        1,720 


             Total liabilities and stockholders' equity     $    3,370           $    3,150 



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