EXHIBIT 99.1
(INFOUSA LETTERHEAD)
FOR IMMEDIATE RELEASE
MAY 20, 2003
CONTACT:
VIN GUPTA - CHAIRMAN & CHIEF EXECUTIVE OFFICER
Phone: (402) 596-8900 - Fax: (402) 339-0265
E-Mail: vin.gupta@infoUSA.com
STORMY DEAN - CHIEF FINANCIAL OFFICER
Phone: (402) 593-4505 - Fax: (402) 339-0265
E-Mail: stormy.dean@infoUSA.com
infoUSA DISCLOSES BUSINESS OUTLOOK FOR 2003 AND FOR 2004
(OMAHA, NE) -- infoUSA(R) (Nasdaq: IUSA) Despite many uncertainties, infoUSA has
been able to grow its business. Because of positive signs in our revenue base,
we believe we can make reasonable projections for fiscal year 2003 and fiscal
year 2004.
These projections are estimates only.
This press release (as well as oral statements and other written statements made
or to be made by the Company) contain forward-looking statements that are made
pursuant to the provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are based on our current expectations,
estimates and projections about our industry, management's beliefs, and certain
assumptions made by our management. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict; therefore, actual results may differ
materially from those expressed or forecasted in any such forward-looking
statements. Such risks and uncertainties include those set forth in the
Company's Annual Report under "Factors That May Affect Operating Results," as
well as those noted in the documents incorporated by reference into the Annual
Report. You are cautioned not to place undue reliance on these forward looking
statements, which speak only as of the date on which they were made. Unless
required by law, we undertake no obligation to update publicly any
forward-looking statements, whether as a result of new information, future
events or otherwise. However, readers should carefully review the risk factors
set forth in other reports or documents we file from time to time with the
Securities and Exchange Commission, particularly the Quarterly Reports on Form
10-Q and any Current Reports on Form 8-K.
<Table>
<Caption>
IN 000'S EXCEPT EPS DATA 2003 FISCAL YEAR 2004 FISCAL YEAR
------------------------ ---------------- ----------------
REVENUE $320,000 $338,000
OPERATING INCOME 61,000 68,000
EBITDA(1) 90,000 98,000
CASH EPS(2) $ 0.88 $ 0.97
EPS $ 0.61 $ 0.69
</Table>
1) 2003 EBITDA = operating income 61,000 + Amortization of intangibles of
13,300 + Depreciation of operating assets 15,700
2004 EBITDA = operating income 68,000 + Amortization of intangibles of
13,300 + Depreciation of operating assets 16,700
2) 2003 Cash EPS = (Net Income 31,200 + Amortization of Intangibles
13,300 + Other Expense 400 /shares outstanding 51,144
2004 Cash EPS = (Net Income 35,500 + Amortization of Intangibles
13,300 + Other Expense 600) /shares outstanding 51,144
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, including
Yahoo! (Nasdaq:YHOO - news) and America Online (NYSE:AOL). 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.