FAIRFAX, VA / ACCESSWIRE / April 4, 2017 / Information Analysis Incorporated (OTC PINK: IAIC), a publicly-traded information technology services company, is pleased to announce that it has been awarded a subcontract by PricewaterhouseCoopers (PwC) to participate, as a key teammate, in a project to migrate a mission-critical Small Business Administration (SBA) application from its current mainframe platform to an SBA mid-tier platform. This application supports the SBA's Guaranteed 504 Loan Program, which provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. The objective of the project is to accomplish the migration while retaining existing business logic and providing internet access to the application. The resulting benefit from the migration enables SBA to standardize and consolidate disparate computer processes into a common processing platform. IAI's role is to be primarily responsible for the migration of the source code and transformation of the on-line portion to an SBA standard ColdFusion platform.
About Information Analysis Incorporated
Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. IAI is an e-business, web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the internet world.
About PricewaterhouseCoopers (PWC)
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
Additional Information for Investors
This release may contain forward-looking statements regarding the Information Analysis Incorporated'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 IAI's 10-K for the fiscal year ended December 31, 2015 and 2016 and in other filings with the Securities and Exchange Commission.
For additional information, contact:
IAI - Stan Reese - COO (703) 293-7935
SOURCE: Information Analysis Incorporated