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AMERICAN BUSINESS INFORMATION INITIAL PUBLIC OFFERING

 AMERICAN BUSINESS INFORMATION INITIAL PUBLIC OFFERING
 OMAHA, Neb., Feb. 19 /PRNewswire/ -- American Business Information,


Inc. announced today the public offering of 3,000,000 shares of common stock at a price of $11.50 per share. Of the total, 2,000,000 shares were offered by the company and 1,000,000 shares were offered 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 underwriters have been granted an option to purchase up to an additional 450,000 shares to cover over-allotments.
 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 13,754,000 shares of common stock outstanding after the offering.
 Omaha-based American Business Information, Inc. is a leading provider of business-to-business marketing information that it supplies from its proprietary database which contains information on approximately 9 million businesses in the United States and 1 million businesses in Canada.
 These securities are offered for sale solely pursuant to the prospectus, a copy of which may be obtained from Hambrecht & Quist, Incorporated (One Bush Street, San Francisco, Calif. 94104), The Robinson-Humphrey Company, Inc. (3333 Peachtree Road NE, Atlanta Financial Center, Atlanta, Ga. 30326), or Piper, Jaffray & Hopwood Incorporated (Piper Jaffray Tower, 222 South Ninth Street, Minneapolis, Minn. 55402). This press release 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
 -0- 2/19/92
 /CONTACT: Jon D. Hoffmaster of American Business Information, 402-593-4500; Hambrecht & Quist, 415-576-3300; Robinson-Humphrey Company, 404-266-6600; or Piper, Jaffray & Hopwood, 612-342-6000/ CO: American Business Information, Inc. ST: Nebraska IN: SU: OFR


AL -- MN004 -- 0370 02/19/92 10:59 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Feb 19, 1992
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