Message #5 From:
NewsBot Date: July 11, 2006 06:00:00 AM
IAIC News Information Analysis Inc. Engages Investment Banking Firm
FAIRFAX, Va.--(BUSINESS WIRE)--July 11, 2006--Information Analysis Incorporated (OTCBB:IAIC) today announced that it has engaged National Capital Companies, LLC to advise and represent the company in a focused campaign to identify and complete a series of acquisitions which will expand IAI's core competencies and its customer base.
"We are pleased to be embarking upon a proactive growth campaign with National Capital, who has been successful advising companies and executing transactions in the government IT services space," said Sandy Rosenberg, Chairman and CEO of IAI. "We are looking for companies whose leadership is driven and committed to work as one team so that together we will achieve the desired financial objectives."
"National Capital is delighted to be working with IAI, which has demonstrated improved financial performance the last few years and is committed to growing the company via a series of high quality acquisitions," said Darren Womer, President and CEO of National Capital. "IAI has a veteran management team that is seeking out other high quality management teams that see the value in being affiliated with a larger high quality public entity."
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.
About National Capital Companies, LLC
Founded in 1986, National Capital (www.nationalcapital.com) is an investment bank which specializes in providing merger and acquisitions ("M&A") advisory services to middle-market clients in technology oriented vertical market segments. National Capital brings operational expertise, deep industry contacts and a strong track record of executing M&A assignments for its clients.
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. These include the failure to obtain sufficient contracts, and to profitably complete those contracts. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2005 and in other filings with the Securities and Exchange Commission.
