AMERICAN BUSINESS INFORMATION, INC. ANNOUNCES IT HAS ACQUIRED 80 PERCENT OF BUSINESS COMMUNICATIONS & INFORMATION, INC.
OMAHA, Neb., June 16 /PRNewswire/ -- American Business Information, Inc. (NASDAQ: ABII) today announced it has acquired an 80 percent interest in Business Communications & Information, Inc. ("BCI"). BCI is a leading provider of continuing education and training programs to small and medium-sized businesses. The company was privately held, and based in Kansas City, Kan. During 1992, it offered 1,700 different training programs to more than 70,000 customers. Annual revenues for the 1992 calendar year were $7.3 million. Robert J. Eckholt, the current president and CEO, will remain with the company and will retain 20 percent interest after the acquisition. "American Business Information has been a pioneer in providing business information in many forms to meet different business needs. The information is provided over the phone, via fax, from a PC, or in hard copy so that businesses can use information to solve their marketing problems. But educating our customers and prospects on how to use the information is critical. And the acquisition of BCI will help ABI to accomplish this goal. BCI will be renamed 'AMERICAN BUSINESS COMMUNICATIONS, INC.' and will keep its current educational programs and offer additional new training topics in the marketing area." American Business Information, Inc. is a leading provider of business information for marketing purposes. It has a proprietary database of 11 million businesses in the United States and Canada. The information is used by more than 300,000 businesses nationwide. -0- 5/15/93 /CONTACT: Jon D. Hoffmaster, president of American Business Information, 402-593-4500/ (ABII)
CO: American Business Information ST: Nebraska IN: PUB SU: TNM
MA -- MN004 -- 2493 06/16/93 09:14 EDT
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|Date:||Jun 16, 1993|
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