Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 26, 2012, Information Systems Associates, Inc. (the "Company") appointed Adrian Goldfarb as President and Chief Financial Officer, effective July 1, 2012. In connection with Mr. Goldfarb's appointment, Joseph Coschera resigned as Chief Financial Officer but will remain Chief Executive Officer. Mr. Goldfarb has served as a director of the Company since May 2010. Since February 11, 2008, Mr. Goldfarb has been the Chief Financial Officer of Ecosphere Technologies, Inc. On May 12, 2012, Mr. Goldfarb ceased being a full-time employee of Ecosphere and has since been serving as the Chief Financial Officer on a consulting basis. From December 2007 until December 19, 2008, Mr. Goldfarb was the President of WSR Consulting, Inc., which we refer to as "WSR," a consulting services company. From February 11, 2008 through December 20, 2008, WSR also provided Chief Financial Officer services to Ecosphere and Mr. Goldfarb was a consultant. Beginning December 20, 2008, he became a full-time employee of Ecosphere when he resigned from his position as President of WSR Consulting. Mr. Goldfarb has more than 30 years' experience in a number of different technology companies, including IBM and a subsidiary of Fujitsu. Mr. Goldfarb was also Managing Director of WSI Europe, a division of the Weather Channel from 1998 until 2002. From June 2002 to December 2007, Mr. Goldfarb served on the Board of Directors of MOWIS GmbH, a Weather Technology Media company. He also was interim Chief Financial Officer where he led the management team in securing seed capital, government grants and loans and bank guarantees. Mr. Goldfarb has been a director of GelStat Corp since April 2008. Mr. Goldfarb is 55 years old. The Compensation Committee is currently negotiating a compensation package for Mr. Goldfarb.

Also on June 26, 2012, Loire Lucas resigned as both a vice-president and director and Michael Hull was appointed as a director of the Company. In connection with his appointment, Mr. Hull will assume the role of Audit Committee Chairman, a position previously held by Mr. Goldfarb. Also, the Company appointed J. Michael Reisert, a current director of the Company, as the Compensation Committee Chairman.

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