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AMERICAN BUSINESS INFORMATION REPORTS FOURTH QUARTER AND RECORD ANNUAL RESULTS

 OMAHA, Neb., Jan. 26 /PRNewswire/ -- American Business Information, Inc. (NASDAQ-NMS: ABII) today reported fourth quarter net sales of $11.8 million and net income of $2.2 million or 16 cents per share. For the year, record net sales of $48.5 million and record earnings of $9.2 million or 68 cents per share were reported.
 Financial Results
 Net sales for the fourth quarter of 1992 were $11.8 million, an 11 percent increase over the fourth quarter of 1991. For the year ended Dec. 31, 1992, net sales were $48.5 million, a 17 percent increase over the $41.5 million for the 1991 year.
 Net income for the fourth quarter of 1992 was $2.2 million or 16 cents per share on 13.8 million shares outstanding compared to $1.8 million or 15 cents per share on 11.8 million shares outstanding in the prior year period. The increase in the 1992 fourth quarter net income was achieved despite lower operating income of $3.1 million compared to $3.2 million for the 1991 fourth quarter. The lower operating income was principally due to the company's increased investment in database compiling and marketing and distribution expansion in preparation for 1993. The 1992 fourth quarter reflected net investment income of $137,000 compared to $246,000 of net interest expense for the 1991 fourth quarter.
 For the year ended Dec. 31, 1992, net income was $9.2 million or 68 cents per share compared to $2.3 million for the year ended Dec. 31, 1991. Excluding a $5.3 million special charge, net income would have been $5.9 million or 50 cents per share for the year ended Dec. 31, 1991. Per share amounts are affected by the increase in the number of shares resulting from the company's public offering in February, 1992.
 Financial Position
 Annual operating cash flow of $11.8 million and funds provided by the company's initial public offering in February 1992 have brought cash and marketable securities to $20.1 million at the end of the year. Shareholders' equity was $39.5 million at Dec. 31, 1992 compared to $9.7 million at Dec. 31, 1991.
 American Business Information, Inc. is a leading provider of business-to-business marketing information supplied from its proprietary database of 11 million businesses in the United States and Canada.
 AMERICAN BUSINESS INFORMATION, INC.
 Summary financial Information
 (Unaudited, all amounts in thousands except per share amounts)
 Periods ended Dec. 31 Three Months Twelve Months
 1992 1991 1992 1991
 Net sales $11,784 $10,626 $48,517 $41,533
 Costs and expenses 8,708 7,385 34,235 30,543
 Unusual charges -- -- -- 5,254
 Operating income 3,076 3,241 14,282 5,736
 Net investment income
 (interest expense) 137 (246) 32 (1,314)
 Net income (A) 2,193 1,786 9,162 2,263
 Net income per
 share (A) $0.16 $0.15 $0.68 $0.19
 Weighted average
 shares outstanding 13,754 11,754 13,443 11,747
 NOTE: (A) Prior to the initial public offering in February 1992, the company was an S corporation and income taxes were paid by the shareholders. For periods prior to the IPO date, reported net income and net income per share reflect pro forma income tax expense.
 -0- 1/26/93
 /CONTACT: Jon D. Hoffmaster, president of American Business Information, Inc., 402-593-4500/
 (ABII)


CO: American Business Information, Inc. ST: Nebraska IN: PUB SU: ERN DS -- MN003 -- 8937 01/26/93 09:08 EST
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Date:Jan 26, 1993
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