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INFORMATION AMERICA STREAMLINES OPERATIONS

 ATLANTA, March 30 /PRNewswire/ -- Information America, Inc. (NASDAQ: INFO) today announced that it has put in place a restructuring program with an emphasis on cost control and productivity improvements.
 This action is due to the assimilation of the recent Hylind infoQuest acquisition and continuing economic pressures affecting the company's law market customers. The plan will also assist the company to better address growth opportunities in the corporate and government markets. As a consequence, Information America has realigned some personnel as part of the Hylind infoQuest transition and reduced its headquarters' workforce by 10 employees.
 In making the announcement, management said the company will report a one-time charge against earnings for the first quarter ending March 31, 1993, amounting to approximately $250,000 or $.03 per share on a fully taxed basis to cover severance pay, career counseling and other related expenses. The company reported fully taxed earnings of $264,000 or $.05 per share for the first quarter last year.
 Management also announced that Glenn S. Bachman, senior vice president of business development and marketing, has left the company and has resigned from the board of directors to pursue other interests.
 Information America develops electronic database products and related services that reduce transaction risk and save time for lawyers, bankers, government agencies and other professionals engaged in evaluating, closing or restructuring commercial transactions and recovering assets.
 -0- 3/30/93
 /CONTACT: Mary A. Madden, president of Information America, 404-892-1800, or Janice J. Kuntz of A. Brown-Olmstead Associates, 404-659-0919, for Information America/
 (INFO)


CO: Information America, Inc. ST: Georgia IN: CPR SU: PER RCN

RA-BN -- AT007 -- 9725 03/30/93 16:01 EST
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Publication:PR Newswire
Date:Mar 30, 1993
Words:272
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