Exhibit 99.1
For additional information contact:
Richard S. DeRose
(703) 293-7901
For release: March 29, 2018
Information Analysis Inc. Reports Profitable Results for 2017
FAIRFAX, VIRGINIA – Information Analysis Incorporated. (IAIC:OTCBB) today reported results for the year ended December 31, 2017. Revenues were up 58% to $10,641,000, compared to revenues of $6,729,000 for the same period in 2016. The information technology services company reported net income of $246,000, or $0.02 per share basic and diluted, compared to a net loss of $554,000, or $(0.05) per share basic and diluted, reported for the comparable 2016 period.
 “In 2017, the Company continued its effort to focus on legacy system modernization,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “This has driven a 48 per cent increase in professional services revenue. In addition, we are making investments in marketing and sales in both the commercial market as well as in the government sector. We have been aggressively pursuing new business opportunities through the bidding process for prime contracts and teaming with our partners. Recently, a federal government customer elected to proceed with a needed modernization effort that we have been pursuing for years with a key partner, and we have once again proven ourselves to be able to engineer substantial modernization efforts on time and within budget. We expect that effort to expand into other opportunities.
“In recent months, several large companies have approached IAI to be part of their modernization teams due to IAI’s unique knowledge of legacy systems and unique tools to efficiently and cost-effectively modernize them.
 “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 product and services company. The Company is a web application and e-business solutions provider, as well as a software conversion specialist, modernizing legacy systems and extending their reach to the internet and more modern platforms.
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, 2016 and in other filings with the Securities and Exchange Commission.

 Information Analysis Incorporated
Statements of Operations
For the years ended December 31,    
(in thousands, except per share data)
Professional fees
Software sales
Total revenues
Cost of revenues
Cost of professional fees
Cost of software sales
Total cost of revenues
Gross profit
Selling, general and administrative expenses
Commissions expense
Income (loss) from operations
Other income
Income (loss) before income taxes
Net income (loss)
Net income (loss) per share:
Weighted average common shares outstanding

 Information Analysis Incorporated
 Balance Sheets
As of
As of
December 31, 2017
December 31, 2016
(in thousands)
Current assets:
Cash and cash equivalents
Accounts receivable, net
Prepaid expenses
Note recivable, current
Total current assets
Fixed assets, net
Other assets
Total assets
Current liabilities
Accounts payable
Commissions payable
Other accrued liabilities
Deferred revenues
Accrued payroll and related liabilities
Franchise tax payable
Total liabilities
Common stock, par value $0.01, 30,000,000 shares authorized;
12,844,376 shares issued, 11,201,760 shares outstanding
as of December 31, 2017 and 2016
Additional paid-in capital
Accumulated deficit
Less treasury stock; 1,642,616 shares at cost
Total stockholders' equity
Total liabilities and stockholders' equity


The following information was filed by Information Analysis Inc (IAIC) on Thursday, March 29, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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