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AMERICAN BUSINESS INFORMATION REPORTS SECOND QUARTER AND SIX MONTH RESULTS

 AMERICAN BUSINESS INFORMATION REPORTS SECOND QUARTER
 AND SIX MONTH RESULTS
 OMAHA, Neb., July 14 /PRNewswire/ -- American Business Information, Inc. (NASDAQ: ABII), today reported net sales of $12.1 million and net income of $2.3 million (or 17 cents per share) for the second quarter.
 "We are very pleased to report another quarter of impressive earnings to our shareholders," said Vinod Gupta, chairman and CEO. "It is quite satisfying that both net sales and net income reached record levels for the six month period, considering the soft economy."
 Financial Results
 Net sales for the second quarter were $12.1 million compared to $9.8 million from the second quarter a year ago, a 23 percent increase. Net sales for the six month period were $24.5 million, compared to $20.7 million from the six month period in 1991, an 18 percent increase.
 Net income was $2.3 million or 17 cents per share for the second quarter in 1992 compared with net income of $1.0 million or 8 cents per share in 1991, a 135 percent increase. Net income for the six months of 1992 was $4.7 million or 36 cents per share compared with a net loss of $0.7 million or 7 cents per share for the first six months of 1991. The first quarter of 1991 included unusual charges of $4.9 million related to the write-off of intangibles associated with acquisitions. Excluding these unusual charges, net income would have been $2.4 million or 20 cents per share for the first six months of 1991.
 Costs and expenses for the six month period were $16.8 million compared to $15.9 million from the comparable period in 1991, a 5 percent increase. However, costs and expenses as a percentage of net sales decreased from 77 percent in the first half of 1991 to 69 percent in the first half of 1992.
 Financial Position
 Operating cash flow contributed $6.4 million for the first six months. The company's initial public offering, completed in February 1992, provided additional funds to bring cash and marketable securities to $16.0 million on June 30, 1992, compared to $2.5 million on Dec. 31, 1991. As of June 30, 1992, shareholders' equity was $35.0 million, up from $9.7 million as of Dec. 31, 1991.
 American Business Information, Inc., is a leading provider of business-to-business marketing information supplied from its proprietary database of approximately 10 million businesses in the United States and Canada.
 AMERICAN BUSINESS INFORMATION, INC.
 SUMMARY OF FINANCIAL INFORMATION (Unaudited)
 (All amounts in thousands, except per share amounts)
 Three Months Ended Six Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Net sales $12,078 $9,794 $24,523 $20,749
 Costs and expenses 8,288 7,866 16,799 15,913
 Unusual charges -- -- -- 4,881
 Operating income (loss) 3,790 1,928 7,724 (45)
 Net income (loss)
 after tax (a) $2,317 $987 $4,676 $(737)
 Weighted average shares
 outstanding 13,754 11,744 13,128 11,744
 Net income (loss)
 per share (a) $.17 $.08 $.36 $(.06)
 (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 (loss) and net income (loss) per share reflect pro forma income tax expense (benefit).
 -0- 7/14/92
 /CONTACT: Jon D. Hoffmaster of American Business Information, 402-593-4500/
 (ABII) CO: American Business Information, Inc. ST: Nebraska IN: SU: ERN


DS -- MN003 -- 8961 07/14/92 09:05 EDT
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Date:Jul 14, 1992
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