kl06006.htm
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U.S.
Securities and Exchange Commission
Washington,
DC 20549
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Notice
of Exempt
Solicitation
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1.
Name of the Registrant:
infoUSA
Inc.
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2.
Name of person relying on exemption:
Dolphin
Limited Partnership I, L.P.
Dolphin
Financial Partners, L.L.C.
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3.
Address of person relying on exemption:
Ninety-Six
Cummings Point Road
Stamford,
Ct 06902
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4.
Written materials. Attach written material required to be submitted
pursuant to Rule
14a-6(g)(1).
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Contact: Arthur
B. Crozier
Innisfree
M&A Incorporated
(212)
750-5833
DOLPHIN
SENDS LETTER TO infoUSA REQUESTING
ANSWERS
TO
SERIOUS QUESTION # 5
STAMFORD,
CONNECTICUT, June 1, 2007 - Dolphin Limited Partnership I, L.P. and Dolphin
Financial Partners, L.L.C., long-term holders with 2.0 million shares (3.6%)
of
infoUSA (NASDAQ Symbol: IUSA), today sent the following letter to Mr.
Vinod Gupta and the infoUSA Board of Directors.
Dear
Mr.
Vinod Gupta and other infoUSA Board members,
In
addition to Question #’s 1, 2, 3 and 4, all of which are still unanswered, the
shareholders of infoUSA need meaningful answers to the following
additional serious question regarding their investment in infoUSA in
connection with next week’s Annual Meeting.
To
date,
you have refused to sufficiently respond to the fundamental questions the
investment community has posed. We are once again providing you with
an opportunity to do so in advance of the Annual Meeting on June 7,
2007.
Question
#5: To Mr. Vinod Gupta: You have referred many
times to a string of “successful”1
acquisitions as part of the Company’s “growth” strategy – infoUSA has
spent $745 million of shareholder funds over the past ten years acquiring other
businesses. 2 We
think shareholders would like to
understand the “success” of this strategy, given that Mr. Vinod Gupta, as the
Company’s CEO, has spent almost three-quarters of a billion
dollars to produce a 10-year annualized return of less than 1%3. As infoUSA’s total
enterprise value is now approximately $790 million – or approximately the amount
you spent in the past decade buying businesses – how has your
acquisition strategy delivered value to
infoUSA’s shareholder returns over
the last ten years?
We
await
your meaningful response to Questions 1, 2, 3, 4 and 5 – and on behalf of the
interests of all shareholders, will put forth additional questions to you in
the
days leading up to the June 7th Annual
Meeting.
Very
truly yours,
/s/
Donald
T.
Netter
Donald
T. Netter
Senior
Managing Director
-----------------------------------
2infoUSA’s
10-K for the fiscal year ended 2006
3As
of April
27, 2007, the trade date immediately preceding the commencement of Dolphin’s
withhold campaign for the 2007 annual meeting of shareholders,
infoUSA’s share price was
$9.45. Based on this price, the 10-year compounded annual return of
infoUSA’s shares was an anemic
0.7%. See Dolphin’s April 30, 2007 letter to shareholders for more
information regarding infoUSA’s share
price return.