Thursday April 1, 11:56 am Eastern Time
Company Press Release
infoUSA and Network Solutions Combine Resources To Serve Small Business Market
OMAHA, Neb.--(BUSINESS WIRE)--March 31, 1999--infoUSA Inc. (NASDAQ: IUSAA/IUSAB) today announced that they have signed an agreement with Network Solutions Inc. (NASDAQ: NSOL - news), the leading registrar of domain names, to jointly develop future Internet applications that use infoUSA's industry-leading database of 10 million businesses as a foundation. Network Solutions has also chosen Database America, an infoUSA company, to provide data processing services.
Under an existing marketing agreement signed last September, infoUSA provides access to Network Solutions' services on its home page and Network Solutions features infoUSA in the company's dot com toolkit online resource center. This new agreement expands opportunities for the two companies to combine resources to build new offerings for the small business sector.
Vinod Gupta, infoUSA chairman and chief executive officer commented, ''Our proprietary database and leading market share, combined with Network Solutions leadership position, puts us in an ideal position to create e-commerce solutions and other web based products and services.''
Bob Korzeniewski, Network Solutions' chief financial officer, stated, ''We are very pleased to expand our relationship with infoUSA. In addition to having the highest quality database, infoUSA's database information is licensed by many of the major directories on the Internet and the ABI number is now a universally accepted mechanism for doing business on the Web. They have captured relationships with the growing small business market that we also target.''
The ABI number is a unique nine-digit number assigned by infoUSA to all 10 million business records for tracking and linking purposes. It is commonly recognized as a company identifier in electronic commerce transactions.
About Network Solutions
Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL - news) pioneered the development of registering Web addresses ending in .com, .net, .org and .edu. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the www.networksolutions.com Web site. Network Solutions registers the majority of Web addresses through agreements with Internet companies around the globe, including more than 70 domestic and 90 international companies in its Premier program. Network Solutions has created value-added small business solutions through agreements with leading companies including American Express (NYSE:AXP - news). Through its Alliance program, Network Solutions works closely with EarthLink (NASDAQ: ELNK - news), MindSpring Enterprises, Inc. (NASDAQ: MSPG - news), Interliant, Inc. (formerly Sage Networks, Inc.), and ValueWeb (NASDAQ:ESPI - news). Network Solutions has also entered into marketing agreements with companies including Yahoo! Inc. (NASDAQ: YHOO - news) and Netscape Communications Corporation (NASDAQ: NSCP - news).
About infoUSA
infoUSA®, www.infoUSA.com, is the leading provider of business and consumer information products and data processing services. The infoUSA databases power the directory services of the top traffic-generating Internet sites including InfoSpace (Nasdaq: INSP - news), GTE (NYSE: GTE - news), Yahoo! (Nasdaq: YHOO - news), Microsoft (Nasdaq: MSFT - news), Netscape (Nasdaq: NSCP - news), and AOL (Nasdaq: AOL - news). Nearly two million of the company's customers use the products and services for direct marketing, telemarketing, marketing planning, lead generation, sales planning, customer analysis and credit reference. Founded in 1972, the company's headquarters are 5711 South 86th Circle, PO Box 27347 Omaha, Neb., 68127-0347. infoUSA Inc. can be contacted at (402) 593-4500.
The information in this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934 and Section 27A of the Securities Act of 1933, which are subject to the ''safe harbor'' created by those sections. Investors are cautioned that such statements are only predictions and speak only as of the date of this release. Actual results may differ materially due to risks and uncertainties including, but not limited to, the successful integration of recent and future acquisitions, fluctuation of operating results, failure to achieve anticipated growth in the Internet and other businesses of the company, ability to finance the growth of the Internet division, risk of product returns, changes in technology, continued acceptance of the company's products and services in the marketplace, acceptance of products and successful launch of this new business, and competitive factors.
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