EX-99.1 3 d14527exv99w1.htm PRESS RELEASE exv99w1
 

     
  Exhibit 99.1
  5711 S 86TH CIR • PO BOX 27347 • Omaha NE 68127-0347
  Executive Office: (402) 596-8900 • Fax (402) 592-4006
(LOGO)
  Internet: www.infoUSA.com
 
   
  FOR IMMEDIATE RELEASE
  APRIL 16, 2004
 
   
  CONTACT:
  VIN GUPTA – CHAIRMAN & CHIEF EXECUTIVE OFFICER
  Phone: (402) 596-8900 • Fax: (402) 339-0265
  E-Mail: vin.gupta@infoUSA.com
  RAJ DAS – CHIEF FINANCIAL OFFICER
  Phone: (402) 593-4517 • Fax: (402) 339-0265
  E-Mail: raj.das@infoUSA.com
  LAUREL GOTTESMAN – DIRECTOR, INVESTOR RELATIONS
  Phone: (402) 593-4535 • Fax: (402) 339-0265
  E-Mail: laurel.gottesman@infousa.com

infoUSA Reports Selected Balance Sheet Data for First
Quarter Ended March 31, 2004

(OMAHA, NE) — infoUSA® (Nasdaq: IUSA). The following table presents selected balance sheet account information as of March 31, 2004, compared to December 31, 2003.

This information is being presented in addition to the First Quarter Earnings Release dated April 14, 2004.

                 
    December 31,   March 31,
(amounts in thousands)
  2003
  2004
Assets
               
Cash and Cash Equivalents (Note 1)
    2,686       44,894  
Accounts Receivable
    40,922       36,365  
Accounts Receivable-List Brokerage
    12,844       10,920  
Deferred Marketing Costs
    5,457       3,833  
Property and Equipment, net
    40,984       40,622  
Intangible Assets, net
    247,609       250,271  
Liabilities
               
Accounts Payable
    16,212       12,361  
Accounts Payable-List Brokerage
    9,516       7,642  
Accrued Payroll Expenses
    17,793       12,924  
Accrued Expenses
    824       3,398  
Deferred Revenue (Note 2)
    19,824       24,328  
Total Debt (Note 1)
    139,765       173,485  

(1)   Includes $30,020 of cash held in escrow for the repurchase of outstanding infoUSA bonds to occur on April 26, 2004. Total debt after the repurchase of the bonds would be $143,465.
 
(2)   The Company defers revenue recorded on the sale of database license contracts and recognizes the revenue evenly over the life of the contract.