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INFORMATION AMERICA AND PARAMOUNT PUBLISHING TERMINATE NEGOTIATIONS

 ATLANTA, Oct. 19 /PRNewswire/ -- Information America, Inc. (NASDAQ-NMS: INFO) announced that its previously announced agreement for the acquisition of the information services and software units from Paramount Publishing has been terminated.
 The parties concluded that proceeding with the transaction would not be in the best interests of the shareholders of either company.
 Information America provides attorneys, other legal professionals, banks, government entities, and private investigative firms with online information designed to satisfy needs arising from commercial transactions and business litigation. The company's information products and services are used to search for background data about businesses, determine the existence of liens on real estate, locate assets of all kinds, obtain government records, and resolve many other transaction-related issues. The company serves 97 of the 100 largest law firms in the United States.
 -0- 10/19/93
 /CONTACT: Mary A. Madden, president, Information America, 404-892-1800, or Janice J. Kuntz of A. Brown-Olmstead Associates, 404-659-0919, for Information America/
 (INFO)


CO: Information America, Inc.; Paramount Publishing ST: Georgia IN: CPR SU:

BR-BN -- AT003 -- 3779 10/19/93 09:09 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 19, 1993
Words:176
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