*****NEWS*****
Friday July 31, 8:55 am Eastern Time
Company Press Release
SOURCE: Information Analysis Inc.
Information Analysis Gets Three U.S. Government Year 2000 Contracts;
IAI's "Solutions Factory" Will Remediate 4.0 Million Lines of Code
FAIRFAX, Va., July 31 /PRNewswire/ -- Information Analysis Inc. (Nasdaq: IAIC - news) today said it has received three
contracts to provide Year 2000 products and services for agencies of the U.S. Government. Collectively, the contracts
represent remediation of approximately four million lines of code, and revenue to the company in excess of $1.2 million.
The contracts are included among the 30 Year 2000 compliance projects currently being handled by IAI, and are
representative of the company's current backlog of computer code to be remediated.
The contracts include:
An executive branch agency, for which IAI will provide date remediation on approximately 2.0 million lines of
mission-critical code using IAI's UNICAST/2000 family of software tools. The remediation work will be done on
fourth-generation computer language and will be performed in IAI's Fairfax solutions factory.
An office of the U.S. Treasury Department, for which IAI will remediate approximately 800,000 lines of code. The
remediation will also be performed by IAI using a version of UNICAST/2000 developed specifically for the language.
An office within the Department of Defense, for which IAI will be responsible for date-correction of 1.2 million lines of
code being used in a variety of applications on the agency's mainframe computers. The remediation will be performed
using UNICAST/2000 and will be done in IAI's Fairfax solutions factory.
UNICAST/2000 is a family of software tools that automates the process of finding and changing dates in computer code,
known as remediation. Through an agreement with Computer Associates International, Inc. (''CA''), UNICAST/2000
products are featured in CA's Discovery 2000 line of products for Year 2000 compliance and are licensed by CA's global
sales force. In certain instances, IAI performs software remediation in support of CA's clients in addition to collecting licensing
revenue from the use of IAI's software tools.
With the approach of the year 2000, many of the mission critical programs written using these languages may not handle the
century change correctly and need to be fixed. ''Solution factories'' are facilities that remediate millions of lines of code for
different organizations. Because they can remediate a large volume of code in a very short time, these factories provide a highly
efficient, cost-effective way for organizations to fix their applications.
About Information Analysis Incorporated
Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is a world-class provider of products
and services for automated transition engineering of computer systems. IAI provides highly automated software and platform
conversion, modernization and migration. Through its UNICAST/2000 product family, IAI provides clients the ability to
achieve Year 2000 compliance in-house or off-site at IAI's or other certified solution factories.
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, 1997 and in other filings with the
Securities and Exchange Commission.
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