Exhibit 99.1

For additional information contact:

Richard S. DeRose (703) 293-7901

For release:

May 10, 2007 at 9:00 a.m.

Information Analysis, Inc. Reports First Quarter Profit

FAIRFAX, VIRGINIA – Information Analysis, Inc. (IAIC:OTCBB) today reported results for the first fiscal quarter ended March 31, 2007. Revenues were $2,606,000, up 13% from the $2,315,000 reported in 2006’s first quarter. The Company reported net income of $95,000, or $0.01 per share, compared to net income of $86,000, or $0.01 per share, in the first quarter 2006.

“The Company increased revenue and gross margin in the first quarter in comparison to the first quarter of 2006,” Sandor Rosenberg, Chairman and Chief Executive Officer of IAI said. “First quarter performance is in line with previous year’s first quarter results. Some orders that we expected to work on in the first quarter were recently awarded and will be performed during subsequent quarters of this year. We expect our profitability to improve during the year as a result of this.

“We are actively pursuing the conversion and system modernization business through our business partners and sales prospects. Business opportunities in the area of Adobe and Web applications remain strong. We continue to build our pipeline opportunities which should increase revenue for subsequent quarters and 2007.

“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-KSB for the fiscal year ended December 31, 2006 and in other filings with the Securities and Exchange Commission.

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Information Analysis Reports First Quarter Results

May 10, 2007

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Information Analysis Incorporated

Condensed Consolidated Income Statements

	Three months ended March 31,
(in thousands, except per share data; unaudited)	2007		2006
Net revenue:
Professional fees	$	1,901	$	2,196
Software sales		705		119
Total revenue		2,606		2,315
Cost of goods sold and services provided:
Cost of professional fees		1,458		1,751
Cost of software sales		542		70
Total cost of sales		2,000		1,821
Gross margin		606		494
Operating expenses:
Selling, general and administrative		517		409
Operating income		89		85
Other income		6		1
Income before income taxes		95		86
Provision for income taxes		—		—
Net income	$	95	$	86
Net income per share:
Basic	$	0.01	$	0.01
Diluted	$	0.01	$	0.01
Shares used in calculating earnings per share:
Basic		11,196,760		10,743,204
Diluted		11,421,394		11,616,698

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Information Analysis Reports First Quarter Results

May 10, 2007

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Information Analysis Incorporated and Subsidiaries

Consolidated Balance Sheets

(in thousands)	As of: March 31, 2007 (unaudited)			As of: December 31, 2006 (Audited)
ASSETS
Current assets:
Cash and cash equivalents	$	537		$	808
Accounts receivable, net		2,394			1,758
Prepaid expenses		365			382
Note receivable		116			116
Other assets		4			4
Other receivables		2			6
Total current assets		3,418			3,074
Fixed assets, net		65			67
Other assets		9			9
Total assets	$	3,492		$	3,150
LIABILITIES & STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	895		$	644
Deferred revenue		373			513
Accrued payroll and related liabilities		276			265
Other accrued liabilities		175			53
Total liabilities		1,719			1,475
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		14,489			14,486
Accumulated deficit		(11,914	)		(12,009	)
Less treasury stock; 1,642,616 shares at cost		(930	)		(930	)
Total stockholders’ equity		1,773			1,675
Total liabilities and stockholders’ equity	$	3,492		$	3,150

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