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

For release: Mary 12, 2011

Information Analysis Inc. Reports First Quarter Results

FAIRFAX, VIRGINIA – Information Analysis Inc. (IAIC:OTCBB) today reported results for the first fiscal quarter ended March 31, 2011. Revenues were $1,424,000, compared to $2,015,000 reported in 2010's first quarter. The Company reported a net loss of $9,000, or $0.00 per share, compared to net income of $104,000, or $0.01 per share, in the first quarter 2010.

     “The Company's revenue and profits were down in the first quarter in comparison to the first quarter of 2010,” Sandor Rosenberg, Chairman and Chief Executive Officer of IAI said. “This was due, in large part, to the delay in government budget approvals. We expect to achieve a higher revenue level in the second quarter now that funding has been approved for the remainder of the government fiscal year. We are actively pursuing the system modernization business where we have observed an increase in opportunities in both the government and commercial marketplace.

“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 First Quarter Results                 
May 12, 2011                 
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Information Analysis Incorporated         
Condensed Income Statements             
 
        Three months ended March 31, 
(in thousands, except per share data; unaudited)        2011        2010 
Net revenue:                 
           Professional fees    $    1,103    $    1,513 
           Software sales        321        502 
           Total revenue        1,424        2,015 
Cost of goods sold and services provided:                 
           Cost of professional fees        593        790 
           Cost of software sales        276        422 
           Total cost of sales        869        1,212 
Gross margin        555        803 
Selling, general and administrative expense        566        701 
Operating (loss) income         (11)        102 
Other income        2        2 
(Loss) income before income taxes        (9)        104 
Provision for income taxes        --        -- 
Net (loss) income    $    (9)    $    104 
 
Net (loss) income per 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    11,196,760    11,202,893 

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Information Analysis Reports First Quarter Results                 
May 12, 2011                 
Page 3 of 3                 
 
Information Analysis Incorporated         
Balance Sheets                 
 
       As of        As of 
    March 31, 2011        March 31, 2010 
(in thousands, unaudited)             
ASSETS                 
Current assets:                 
     Cash and cash equivalents     $    1,852           $    1,968 
     Accounts receivable, net        999        772 
     Prepaid expenses        434        571 
     Note receivable, current        7        6 
             Total current assets        3,292        3,317 
 
Fixed assets, net        31        36 
     Note receivable (long-term portion)        9        11 
Other assets        6        6 
             Total assets     $    3,338           $    3,370 
 
 
LIABILITIES & STOCKHOLDERS' EQUITY                 
Current liabilities:                 
     Accounts payable     $    47           $    76 
     Deferred revenue        550        653 
     Commissions payable        503        447 
     Other accrued liabilities        119        69 
     Accrued payroll and related liabilities        245        245 
             Total liabilities        1,464        1,490 
 
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        14,571        14,568 
Accumulated deficit       (11,895)           (11,886) 
Less treasury stock; 1,642,616 shares at cost        (930)        (930) 
             Total stockholders' equity        1,874        1,880 
             Total liabilities and stockholders' equity     $    3,338           $    3,370 

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