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'Recommended Credit Limit On Businesses' to be offered by infoUSA on its Business Credit Reports.


OMAHA, Neb. -- infoUSA (NASDAQ: IUSA IUSA - Indiana University Student Association), the nation's leading compiler of business databases, plans to improve its Business Credit Report (www.credit.net) by adding Recommended Credit Limit on Businesses, it was announced today.

The Web-based service from infoUSA offers subscribers unlimited business credit reports for $75 per month, and will add "Recommended Credit Limits" in mid-January.

In addition to the Recommended Credit Limit, subscribers also will get a color photo of a company, a profile of the prospective customer or vendor, its mapped location, its corporate affiliations, its closest business neighbors, similar businesses in the area, related news headlines, and matters of public record involving that company.

"When you are making decisions about dealing with specific businesses, you will be able to see at a glance their credit rating, and a recommendation of how far to extend yourself to a particular business," said Vinod Gupta, founder and chief executive officer of infoUSA (NASDAQ: IUSA) and creator of Credit.net. "This service will provide a huge benefit and the necessary intelligence to make better business decisions."

Gupta said subscribers are encouraged to use other supporting programs and/or established methods along with Recommended Credit Limit on Businesses before an extension of credit can or should be made.

"Having this intelligence saves companies time and money by allowing them to focus on more strategic efforts and prevent losses later in accounts receivable," Gupta said. "Until now, millions of businesses had no affordable solution for checking the credit limits of prospective customers or vendors. Now, they can work smarter, not harder."

infoUSA has developed a proprietary model the relies upon numerous factors to ascertain credit ratings and recommended credit limits on businesses. But, Gupta recommended that businesses use multiple resources -- not only Recommended Credit Limits on Business -- when making critical credit decisions.

Credit.net compiles credit reports from a variety of public records acquired by infoUSA, the nation's leading provider of sales leads and proprietary business and consumer databases. Credit.net assigns a credit score based on an individual company's business sector, its years in business, its number of employees, and other proprietary models.

infoUSA (www.infoUSA.com), founded in 1972, is the leading compiler of business and consumer databases, database marketing services, data processing services and sales and marketing solutions. Fresh and accurate content is the essential ingredient in every marketing program. infoUSA has the most comprehensive data in the industry and is the only company to own a proprietary database of 250 million consumers, 14 million businesses, and several other specialty databases all under one roof.

The infoUSA database powers the directory services of the top Internet traffic-generating sites and in-car navigation services. Nearly four million customers use infoUSA's products and services to find new customers, grow sales, perform customer analysis and credit references.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 8, 2004
Words:463
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