American Business Information, Inc. Reports Record Results For First Quarter 1995.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--April 21, 1995--American Business Information, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABII) reported record revenues of $22.3 million for the first quarter of 1995, a 28 percent increase from the $17.4 million reported for the same period in 1994. Net income was $3.8 million for the first quarter of 1995, or $.28 per share, a 31 percent increase from $2.9 million, or $.21 per share for the same period in 1994. ``We were extremely happy with our record revenue and profits during the first quarter,'' said Vinod Gupta Gupta (g  p`tə), Indian dynasty, A.D. c.320–c.550, whose empire at its height encompassed much of N India. Ancient Indian culture reached a high point during this period. , chairman and chief
executive officer. ``Most of our major divisions showed outstanding
growth. The CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). division achieved exceptional success this quarter. Our 11 Million Businesses and 70 Million Households on CD-ROM, continued to top national software sales charts,'' added Gupta. ``Also, our strict cost control methods helped us in improving our profitability.'' ``Our introduction of the Business Credit Directories was very successful in the marketplace. Our Credit Directory is the only directory that shows 10 million businesses, and credit rating codes on most of the businesses, in both printed and CD-ROM form,'' commented Gupta. ``We believe that small businesses in particular are discovering how versatile and effective this product is for prospect qualification and credit decisions.'' ``To further increase our revenue and profits in the future, American Business Information, Inc. will continue it's growth strategy of new product development, and expansion into new markets and new distribution channels,'' added Gupta. ``In fact, both businesses and consumers will soon be able to access a complete catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of our products and services on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the .'' American Business Information, Inc. is a leading provider of business information on 11 million businesses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Over 450,000 customers use ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. information to generate sales leads A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s). , reduce selling costs, improve marketing efficiency, and for business credit purposes. The company is headquartered at 5711 South 86th Circle, P.O. Box 27347, Omaha, NE 68127-0347, 402-593-4500. Internet: corp(``at'' symbol)abii.com. -0-
AMERICAN BUSINESS INFORMATION, INC.
SUMMARY FINANCIAL INFORMATION
(Unaudited)
(All amounts in thousands, except per share amounts)
Three months ended March 31, 1995 1994 -------------------------------------------------------- Net Sales $ 22,355 $ 17,443 Costs and expenses 16,248 13,268 Operating income 6,107 4,175 Other income (expense) (19) 243 Income before income taxes 6,088 4,418 Income tax provision 2,275 1,550 Net income $ 3,813 $ 2,868 Net income per share $0.28 $0.21 Weighted average shares outstanding 13,790 13,784 CONTACT: American Business Information, Inc. Jon D. Hoffmaster, 402/593-4567; FAX: 402/339-0265 |
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