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AMERICAN BUSINESS INFORMATION INITIAL PUBLIC OFFERING

 AMERICAN BUSINESS INFORMATION INITIAL PUBLIC OFFERING
 OMAHA, Neb., Jan. 31 /PRNewswire/ -- American Business Information,


Inc. announced today that it has filed an amended registration statement with the Securities and Exchange Commission for a proposed initial public offering of 3,000,000 shares of common stock. Of the shares being offered, 2,000,000 shares will be sold by the company and 1,000,000 shares by existing shareholders. The shares will be sold to the public by an underwriting group co-managed by Hambrecht & Quist Incorporated, The Robinson-Humphrey Company, Inc. and Piper, Jaffray & Hopwood Incorporated. The company expects the offering to become available to the public in February 1992, at a price of between $10.00 and $12.00 per share.
 Net proceeds from the offering will be used to reduce debt and other obligations and for general corporate purposes, including possible acquisitions. The company will have 11,754,000 shares of common stock outstanding prior to the offering and 13,754,000 after the offering.
 Omaha-based American Business Information is a leading provider of business-to-business marketing information which it supplies from its proprietary database which contains information on approximately nine million businesses in the United States and one million businesses in Canada.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the preliminary prospectus are available through Hambrecht & Quist Incorporated, One Bush Street, San Francisco, CA, 94104; The Robinson-Humphrey Company, Inc., 3333 Peachtree Road NE, Atlanta Financial Center, Atlanta, GA, 30326; and Piper, Jaffray & Hopwood Incorporated, Piper Jaffray Tower, 222 South Ninth Street, Minneapolis, MN, 55402.
 -0- 01/31/92
 /CONTACT: Jon D. Hoffmaster of American Business Information, 402-593-4500, or Piper, Jaffray & Hopwood, 612-342-6000/ CO: American Business Information ST: Nebraska IN: SU: OFR


KH -- MN010 -- 5822 01/31/92 17:33 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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