Debts and Debt Solutions

infoUSA Prepays Debt and Reiterates Guidance for 2005

OMAHA, Neb.--(BUSINESS WIRE)--Aug. 9, 2004--infoUSA(R) (Nasdaq:IUSA), the leading provider of proprietary business and consumer databases and sales leads, today announced that it has prepaid $5 million of principal debt obligation under its Revolving Credit Facility. Vin Gupta, Chairman and CEO, infoUSA, commented, "Cost cuts that we implemented in second quarter of 2004 have enabled us to get back on track to achieve our long-term EBITDA margin goal of 30% plus in our core business excluding most recent acquisitions. Based on what we know now, we feel confident that we will generate over $102 million in EBITDA in fiscal year 2005. We are projecting our free cash flow to increase by approximately 33% from over $48 million in fiscal year 2004 to over $64 million in fiscal year 2005. We will use the majority of our free cash flow to pay down debt. The disciplined reduction in leverage, as we have demonstrated in the past, will position us well to maximize our shareholder value."
About infoUSA

infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer information products, database marketing services, data processing services and sales and marketing solutions. Content is the essential ingredient in every marketing program, and infoUSA has the most comprehensive data in the industry, and is the only company to own a proprietary database of 250 million consumers and 14 million businesses under one roof. The infoUSA database powers the directory services of the top Internet traffic-generating sites. Nearly 3 million customers use infoUSA's products and services to find new customers, grow their sales, and for other direct marketing, telemarketing, customer analysis and credit reference purposes. infoUSA headquarters are located at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402) 593-4500.

Statements in this announcement other than historical data and information constitute forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, but are not limited to, recent changes in senior management, the successful integration of recent and future acquisitions, fluctuations in operating results, failure to successfully carry out our Internet strategy or to grow our Internet revenue, effects of leverage, changes in technology and increased competition. More information about potential factors that could affect the company's business and financial results is included in the company's filings with the Securities and Exchange Commission.

Contacts


infoUSA, Omaha
Vin Gupta, 402-596-8900
Fax: 402-339-0265
E-Mail: vin.gupta@infoUSA.com
or
Raj Das, 402-593-4517
Fax: 402-339-0265
E-Mail: raj.das@infousa.com

[ Comment, Edit or Article Submission ]