EXHIBIT 99.1 – Press Release dated August 26, 2005
![]() | 5711 S 86TH CIR• PO BOX 27347• Omaha NE 68127-0347 Executive Office: (402) 596-8900• Fax (402) 592-4006 Internet: www.infoUSA.com | |
FOR IMMEDIATE RELEASE August 26, 2005 | ||
CONTACT: | ||
RAJ DAS – CHIEF FINANCIAL OFFICER | ||
Phone: (402) 593-4517• Fax: (402) 339-0265 | ||
E-Mail: raj.das@infoUSA.com |
infoUSA Board of Directors Dissolves Special Committee
(OMAHA, NE) –infoUSA Inc. (Nasdaq: IUSA) today announced that its Board of Directors has dissolved the Special Committee of directors that was formed to review the previously announced proposal from Vin Gupta & Company, LLC, an entity controlled byinfoUSA’s Chairman and CEO, to acquire all of the outstanding publicly held common shares ofinfoUSA not held by Mr. Gupta. On August 24, 2005, the Special Committee informed Mr. Gupta that it did not intend to move forward with his proposal, and Mr. Gupta withdrew his proposal.
AboutinfoUSA
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, andinfoUSA 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. TheinfoUSA database powers the directory services of the top Internet traffic-generating sites. Nearly 3 million customers useinfoUSA’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.