Exhibit 99.1 For additional information contact:

Richard S. DeRose (703) 293-7901

For release:

April 21, 2008 at 12:00 p.m.

Information Analysis Inc. Announces Fourth Quarter Results

FAIRFAX, VIRGINIA - Information Analysis Inc. (IAIC:OTCBB) today reported results for the fourth quarter and full year ended December 31, 2007. Revenues were $2,156,000, compared to $2,002,000 reported in the fourth quarter 2006. The Information Technology services company reported a net loss of $23,000 or $0.00 per share basic and diluted, compared to net income of $106,000 or $0.01 per share basic and diluted in the comparable period in 2006.

For the year ended December 31, 2007, IAI posted revenue of $9,953,000 and net income of $184,000, or $0.02 per share basic and diluted. The Company reported revenue of $9,459,000 and net income of $502,000 or $0.05 per share basic and $0.04 diluted for the year ended December 31, 2006.

"Although we experienced an increase of revenues in 2007 and continued our trend of profitable operations," said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI, "we are not satisfied with our rate of growth, or profitability. Therefore, we are investing more aggressively than normal in the sales and marketing areas to build a larger pipeline of business. This has required us to add more resources to our business development and support staff, which will result in lower profitability in the first half of 2008, but should allow us to realize an increase in business during the latter part of 2008 and beyond.

"We are continuing to pursue merger/acquisition opportunities with other organizations."

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-KSB for the fiscal year ended December 31, 2007, and in other filings with the Securities and Exchange Commission.

	Information Analysis Incorporated
	Condensed Statements of Operations
			Three months ended December 31,
(in thousands, except per share data)			2007		2006
Sales:
	Professional fees	$	1,677	$	1,809
	Software sales		479		193
	Total sales		2,156		2,002
Cost of goods sold and services provided:
	Cost of professional fees		1,268		1,322
	Cost of software sales		369		143
	Total cost of sales		1,637		1,465
Gross profit			519		537
Operating expenses:
	Selling general & administrative expense		514		421
Income from operations			5		116
Other expenses, net			24		9
(Loss) income before provision for income taxes			(19)		107
Provision for income taxes			4		1
Net (loss) income		$	(23)	$	106
Earnings per Common Share: Basic and Diluted
	Basic net income	$	0.00	$	0.01
	Diluted net income	$	0.00	$	0.01
Shares used in calculating earnings per share:
	Basic		11,196,760		11,151,394
	Diluted		11,383,584		11,366,653
			Twelve months ended December 31,
(in thousands, except per share data)			2007		2006
Sales:
	Professional fees	$	7,042	$	8,484
	Software sales		2,911		975
	Total revenue		9,953		9,459
Cost of goods sold and services provided:
	Cost of professional fees		5,361		6,402
	Cost of software sales		2,300		621
	Total cost of sales		7,661		7,023
Gross profit			2,292		2,436
Operating expenses:
	Selling general & administrative expense		2,100		1,929
Income from operations			192		507
Other expenses, net			4		4
Income before provision for income taxes			188		503
Provision for income taxes			4		1
Net income		$	184	$	502
Earnings per Common Share:
	Basic net income	$	0.02	$	0.05
	Diluted net income	$	0.02	$	0.04
Shares used in calculating earnings per share:
	Basic		11,196,760		11,018,317
	Diluted		11,398,180		11,342,072

Information Analysis Incorporated
Balance Sheets
		As of		As of
(in thousands)		December 31, 2007		December 31, 2006
ASSETS
Current assets:
Cash and cash equivalents	$	1,223	$	808
Accounts receivable, net		1,560		1,758
Prepaid expenses		4		382
Other assets		4		4
Other receivables		2		6
Note receivable		--		116
Total current assets		3,252		3,074
Fixed assets, net		79		67
Other assets		9		9
Total assets	$	3,340	$	3,150
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	721	$	644
Deferred revenue		394		513
Accrued payroll and related liabilities		258		265
Other accrued liabilities		45		53
Income taxes payable		3		--
Revolving line of credit		--		--
Total current liabilities		1,421		1,475
Total liabilities		1,421		1,475
Common stock, par value $0.01, 30,000,000 shares authorized;
12,839,376 shares issued, 11,196,760 outstanding at
December 31, 2007, and 2006		128		128
Additional paid in capital		14,546		14,486
Accumulated deficit		(11,825)		(12,009)
Less treasury stock; 1,642,616 shares at
cost at December 31, 2007 and 2006		(930)		(930)
Total stockholders' equity		1,919		1,675
Total liabilities and stockholders' equity	$	3,340	$	3,150