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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation -- Ignore unavailable to you. Want to Upgrade?

To: Chris O'Keefe who wrote (1947)	10/27/1999 11:47:00 PM
From: Israel	Read Replies (1) \| Respond to of 2011

Lawsiut has been dismissed.. Looks like the market responded favorably.. Wednesday October 27, 3:37 pm Eastern Time Company Press Release SOURCE: Information Analysis Incorporated IAI Announces Dismissal of Lawsuit FAIRFAX, Va., Oct. 27 /PRNewswire/ -- Information Analysis Incorporated (OTC Bulletin Board: IAIC - news) today announced that the complaint in the class action securities fraud case filed against the company in the United States District Court for the Eastern District of Virginia has been dismissed. From the inception of this case, IAI has contended that the plaintiffs' allegations were insufficient to support any actionable claim against the company and that it disclosed all material information pertaining to the company through its press releases and periodic reports. With all the facts at hand, the plaintiffs could not fashion a complaint which satisfied the court. This eventually resulted in the court's dismissal of the plaintiffs' complaint and the plaintiffs' determination to abandon the litigation. Sandor Rosenberg, IAI's president, has remarked ''Obviously, we are gratified that the court, through its dismissal of the complaint, has vindicated the position we have steadfastly advanced as to our lack of any liability and that the plaintiffs saw fit not to continue with the litigation. It was our conviction as to a lack of any liability that led us to continuously reject any settlement proposals. Now, we can pursue opportunities and seek to advance our business without the cloud of the litigation hanging over us.'' 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, 1998 and in other filings with the Securities and Exchange Commission. SOURCE: Information Analysis Incorporated