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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
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INFOUSA INC.
(Name of Registrant as Specified in Its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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5711 S 86TH CIRCLE PO BOX 27347 Omaha NE 68127-0347
Executive Office: (402) 596-8900 Fax (402) 596-8902
Internet: www.infoUSA.com
FOR IMMEDIATE RELEASE
May 16, 2006
CONTACT:
STORMY DEAN CHIEF FINANCIAL OFFICER
Phone: (402) 593-4500
ANTHONY KREIS MANAGER OF FINANCIAL ANALYSIS
& INVESTOR RELATIONS
Phone: (402) 593-4500
infoUSA CALLS ISS RECOMMENDATION ABSURD
Company
Urges Shareholders to Vote FOR its Director Nominees
and AGAINST Shareholder Proposal #2
Omaha, Neb. May 16, 2006 infoUSA (Nasdaq:IUSA) today issued the following statement in
response to the recommendation by Institutional Shareholder Services (ISS) regarding the election
of directors and shareholder proposal #2 at the Companys May 26, 2006 Annual Meeting of
Shareholders:
infoUSA believes that the recommendations made by ISS are absurd and contrary to the
interests of the Companys shareholders.
The ISS report recommends that shareholders apply a lower standard and disregard the
dissident nominees lack of a strategic plan and lack of relevant knowledge or experience
because, if elected, the dissident nominees would only comprise one third of the infoUSA
Board of Directors. This conclusion, which would lower the caliber of the Board, makes
absolutely no business sense.
At infoUSA we believe each and every Director on the Board should bring distinct knowledge
and experience. We do not believe that having a significant portion of the Board comprised
of unqualified directors is in the best interest of infoUSA shareholders.
We are shocked and dismayed that ISS, which promotes itself as the nations leading
corporate governance and proxy advisory service, can recommend that infoUSA shareholders
vote for proposal #2. This contradicts ISS own published assertion that, substantial
share ownership enhances the credibility of director nominees. The proposed amendment,
which is clearly intended to prohibit the Companys largest
shareholder from serving on the
Board of Directors for at least three years, is nonsense.
infoUSA believes that the best guardians of shareholder value have personal and financial
interests that are aligned with shareholders. Mr. Gupta, the founder of infoUSA is the
Companys largest shareholder. He and his family have a huge portion of their net worth
invested in infoUSA. Dr. Haddix and Dr. Raval have each made personally significant
financial investments in the Company as well. Each of our nominees brings an
owner-orientation to the Board which is invaluable.
Where your treasure is, there will your heart be also.
We urge all shareholders to dismiss the ISS recommendation and vote FOR our nominees
by signing, dating and returning the Companys WHITE proxy card today and to vote
AGAINST shareholder proposal #2.
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. Nearly 3 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.