Exhibit 99.1

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

For immediate release

Information Analysis Inc. Reports Profitable Results for 2012

FAIRFAX, VIRGINIA – Information Analysis Inc. (IAIC:OTCBB) today reported results for the year ended December 31, 2012. Revenues were $7,058,000, compared to revenues of $7,821,000 for the same period in 2011. The information technology services company reported net income of $100,000, or $0.01 per share basic and diluted, compared to net income of $154,000, or $0.01 per share basic and diluted, reported for the comparable 2011 period.

      “In 2012, the Company remained profitable in spite of government budget cuts. We are adding initiatives in new areas, such as cyber security, incident management, mobile applications, and more generalized user applications using Adobe products for our solutions sets in order to increase our business base,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “In addition, we are making investments in marketing and sales in both the commercial market as well as in the government sector. Although sequestration has had some impact on operations, we feel that our business will improve as the government budget becomes stable.” “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, 2012 and in other filings with the Securities and Exchange Commission.

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Information Analysis Reports Profitable Results for 2012                 
March 28, 2013                 
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Information Analysis Incorporated         
Statements of Operations         
 
        Year ended December 31, 
(in thousands, except per share data; audited)        2012        2011 
Revenue:                 
           Professional fees    $    5,027    $    4,701 
           Software sales        2,031        3,120 
           Total revenue        7,058        7,821 
Cost of goods sold and services provided:                 
           Cost of professional fees        2,899        2,714 
           Cost of software sales        1,748        2,665 
           Total cost of sales        4,647        5,379 
Gross margin        2,411        2,442 
Selling, general and administrative expense        2,317        2,293 
Income from operations        94        149 
Other income, net        6        8 
Income before income taxes        100        157 
Provision for income taxes        --        3 
Net income    $    100    $    154 
 
Earnings per share:                 
           Basic    $    0.01    $    0.01 
           Diluted    $    0.01    $    0.01 
 
 
Shares used in calculating earnings per share:                 
           Basic    11,200,025    11,196,760 
           Diluted    11,210,939    11,224,410 

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Information Analysis Reports Profitable Results for 2012                 
March 28, 2013                 
Page 3 of 3                 
 
Information Analysis Incorporated         
Balance Sheets         
 
        As of        As of 
        December 31, 2012        December 31, 2011 
(in thousands)        (audited)        (audited) 
ASSETS                 
Current assets:                 
     Cash and cash equivalents    $    2,623             $    1,281 
     Accounts receivable, net        738        2,890 
     Prepaid expenses        192        787 
     Note receivable, current        2        7 
             Total current assets        3,555        4,965 
 
Fixed assets, net        39        41 
Note receivable, long-term        4        4 
Other assets        6        6 
             Total assets    $    3,604             $    5,016 
 
 
LIABILITIES & STOCKHOLDERS' EQUITY                 
Current liabilities:                 
     Accounts payable    $    112             $    998 
     Commissions payable        806        679 
     Accrued payroll and related liabilities        270        248 
     Deferred revenues        220        940 
     Other accrued liabilities        48        107 
     Taxes payable        -        3 
             Total liabilities        1,456        2,975 
 
Common stock, par value $0.01, 30,000,000 shares authorized;                 
   12,844,376 and 12,839,376 shares issued, 11,201,760 and                 
   11,196,760 shares outstanding as of December 31, 2012 and                 
   December 31, 2011, respectively        128        128 
Additional paid in capital        14,582        14,574 
Accumulated deficit        (11,632)        (11,732) 
Less treasury stock; 1,642,616 shares at cost        (930)        (930) 
             Total stockholders' equity        2,148        2,040 
             Total liabilities and stockholders' equity    $    3,604             $    5,015 

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