Credit.net Site Introduces New RECOMMENDED CREDIT LIMIT Guidelines on Millions of Business Credit Reports.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. -- infoUSA(R) (Nasdaq:IUSA IUSA Indiana University Student Association ), the leading provider of proprietary business and consumer databases, sales leads and business credit reports, today announced that it's site, www.credit.net is introducing a new proprietary RECOMMENDED CREDIT LIMIT Guideline for all 14 million businesses in its database. The credit limits will be included in each of its Business Credit Reports, and will be complimentary to customers who subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the company's Unlimited Credit Reports for an affordable $75 per month. Each Business Credit Report contains essential data for 14 million businesses, including number of years in business, credit rating, management directory, sales volume, number of employees, lines of business, competitors, phone, fax and web site address, corporate linkages and bankruptcy, lien and judgment information. The recommended credit limit feature makes these reports even more valuable as a tool for assisting in low risk credit and collection efforts, as well as for business verification, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and sales prospecting. The site also allows businesses to generate and update an online Credit Application that they can send to suppliers, banks and leasing companies. The RECOMMENDED CREDIT LIMIT will be very valuable in helping the recipients of such reports pre-screen and validate any information on these applicants. Vin Gupta, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , infoUSA, commented, "Why pay competitors $30 apiece for modeled credit reports, when infoUSA can offer the same credit guidelines on an unlimited basis? The new RECOMMENDED CREDIT LIMIT adds an important and quantifiable dimension to our Business Credit Reports, providing an extra margin of safety when evaluating all customers and prospects. Our reports are perfect as an affordable tool for assisting in low risk, small dollar amount credit decisions." About infoUSA infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer information products, database marketing services, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a 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, including Yahoo! (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) - news) and America Online See AOL. (NYSE NYSE See: New York Stock Exchange : TWX (TeletypeWriter eXchange Service) A U.S. and Canadian dial-up communications service that became part of Telex. In 1971, the Bell System sold TWX to Western Union. TWX transmitted 5-bit Murray code or 7-bit ASCII code at up to 150 bps. See Telex. ). Nearly 3 million customers use infoUSA's 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. 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 company's business and financial results is included in the company's filings with the Securities and Exchange Commission. |
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