UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
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infoUSA Inc.
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5711 S 86TH Circle
PO Box 27347 Omaha NE 68127-0347
Executive Office: (402) 596-8900 Fax (402) 592-4006
Internet: www.infoUSA.com
FOR IMMEDIATE RELEASE
May 29, 2007
CONTACT:
VIN GUPTA CHAIRMAN & CHIEF EXECUTIVE OFFICER
Phone: (402) 596-8900
STORMY DEAN CHIEF FINANCIAL OFFICER
Phone: (402) 593-4500 · Fax: (402) 537-6104
E-Mail: ir@infousa.com |
Statement by infoUSA CEO says dont be fooled by activist hedge
funds claiming to be loyal shareholders.
(OMAHA, NE) Vinod Gupta, chief executive officer of infoUSAÒ,
(NASDAQ: IUSA), the leading provider of proprietary business and consumer databases, sales leads,
direct marketing, and email marketing, issued the following statement today in response to
continued attacks on the company by hedge fund Dolphin Limited Partnership and its front man, Don
Netter.
Dolphin is an opportunistic hedge fund that typifies whats wrong with Wall Street these
days. Claiming to be crusading for the interests of investors, waving the banner of corporate
governance, Dolphin looks to make a quick buck. It is no wonder ordinary investors are cynical
about hedge funds, with their greenmail tactics and efforts to trade on inside information.
Certainly, it is disconcerting to receive communications from Dolphin claiming to know what is best
for the future of infoUSA. Then to be confronted with the reality that, according to Thompson
Financial in the first quarter of this year, Dolphin reduced its holdings in infoUSA by 185,301
shares. Mr. Netter is talking out of both sides of his mouth.
It is ironic that Mr. Netter should direct his attacks at me the true loyal shareholder. I am
the founder of the Company and my financial fate, and that of my family, quite literally depends on
the Companys success. infoUSA shares are not some small piece of a billion-dollar fund that I
manage. Unlike Mr. Netter, I am not a quick-buck artist who can profit from damaging the
reputation of the Company. The only way I can succeed is by truly enhancing the value of the
company over the long term. It seems to me easy to tell who really has the interests of all
shareholders at heart.
About infoUSA
infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer
databases for sales leads & mailing lists, 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 12
proprietary databases under one roof. The infoUSA database powers the directory services of the top
Internet traffic-generating sites. Nearly 4 million customers use infoUSAs 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. To know more about Sales Leads, click
www.infousa.com. To get a 7-day free trial and 100 free sales leads, click www.salesgenie.com.
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 companys business and financial results is included in the companys filings with
the Securities and Exchange Commission.