Business Services Industry

Newspapers Reduce Bad Debt by Using Credit.net™ Business Credit Reports

Business Wire, June 20, 2007

OMAHA, Neb. -- Having quality business credit reports at your fingertips when you need it is a critical factor in reducing bad debt. Credit.net[TM], a service of infoUSA([R]) (NASDAQ:IUSA), the leading provider of business credit reports, allows customers like the Hartford Courant in Hartford, Connecticut, and the San Francisco Chronicle in San Francisco, California, to accurately research and verify potential advertiser information, as well as find delinquent accounts.

These papers employ Credit.net to determine the creditworthiness of new accounts with small to mid-range credit exposure. They also use the service to conduct commercial skip traces to reduce the amount of bad debt the newspapers incur.

"We had been searching for a product that would give us business information on our small to medium size companies with immediate response time. Credit.net turned our credit checking time into minutes, so we could focus more on our collection efforts," comments Janet Pose, Credit Manager of the Hartford Courant. "I also see the reports' potential use in sales prospecting. Credit.net has been an excellent value to our organization."

Ross Hawkins, Advertising Credit Manager of the San Francisco Chronicle commented, "Our bad debt write-offs have gone down tremendously, and we have saved vast amounts of time in processing credit application approvals and denials. Without a doubt, Credit.net does allow us to save on our bottom line."

Credit.net is a subscription-based service businesses use to make low-risk credit decisions, verify businesses, suppliers and vendors, conduct commercial skip traces, pre-qualify sales leads, and profile customers. For more information on Credit.net, contact Brian Wagner at 402-537-7898.

About infoUSA

infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer databases for sales leads & mailing lists, database marketing services, data processing services and sales and marketing solutions. Content is the essential ingredient in every marketing program, and infoUSA has the most comprehensive data in the industry, and is the only company to own 12 proprietary databases under one roof. The infoUSA database powers the directory services of the top Internet traffic-generating sites. Nearly 4 million customers use infoUSA's products and services to find new customers, grow their sales, and for other direct marketing, telemarketing, customer analysis and credit reference purposes. infoUSA headquarters are located at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402) 593-4500. To know more about Sales Leads, click www.infousa.com. To get a 7-day free trial and 100 free sales leads, click www.salesgenie.com.

Statements in this announcement other than historical data and information constitute forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, but are not limited to, recent changes in senior management, the successful integration of recent and future acquisitions, fluctuations in operating results, failure to successfully carry out our Internet strategy or to grow our Internet revenue, effects of leverage, changes in technology and increased competition. More information about potential factors that could affect the company's business and financial results is included in the company's filings with the Securities and Exchange Commission.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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