infoGROUP Regains Compliance with NASDAQ Listing Standards

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Fri Sep 5, 2008 4:30pm EDT

OMAHA, Neb.--(Business Wire)--
infoGROUP (NASDAQ: IUSA), the leading provider of proprietary
business and consumer databases, sales leads, direct marketing, email
marketing and global information solutions, today announced that it
received a letter from the NASDAQ Stock Market (the "NASDAQ") on
September 2, 2008, stating that infoGROUP has regained compliance with
the continued listing standards of the NASDAQ and that infoGROUP's
common stock will continue to be listed on the NASDAQ Global Select
Market. The letter also indicated, however, that the Listing
Qualifications Panel has determined to issue a public reprimand to
infoGROUP.

   As disclosed previously, infoGROUP was unable to timely file its
annual report on Form 10-K for the year ended December 31, 2007 (the
"2007 Form 10-K") and its quarterly report on Form 10-Q for the fiscal
quarter ended March 31, 2008 (the "First Quarter 2008 Form 10-Q") due
to the time required to complete the internal investigation conducted
by the Special Litigation Committee of infoGROUP's Board of Directors
(the "Special Litigation Committee"). The Special Litigation Committee
was formed in response to the consolidated complaint In re infoUSA,
Inc. Shareholders Litigation, Consol. Civil Action No. 1956-CC (Del.
Ch.), and in response to an informal investigation of infoGROUP by the
Securities and Exchange Commission (the "SEC") and the related SEC
request for the voluntary production of documents concerning related
party transactions, expense reimbursement, other corporate
expenditures and certain trading in infoGROUP's securities. As a
result of the delayed filings, the NASDAQ staff notified infoGROUP
that it was in violation of NASDAQ Marketplace Rule 4310(c)(14) (the
"Rule"), which requires that copies of all reports and other documents
required to be filed with the SEC also be filed with NASDAQ on the day
they are due.

   The Special Litigation Committee concluded its investigation and
announced remedial measures, which were disclosed in infoGROUP's
Current Report on Form 8-K filed with the SEC on July 23, 2008, the
2007 Form 10-K and in subsequent SEC filings. On August 8, 2008,
infoGROUP filed its 2007 Form 10-K and the First Quarter 2008 Form
10-Q. On August 21, 2008, infoGROUP filed its Form 10-Q for the
quarter ended June 30, 2008 (the "Second Quarter 2008 Form 10-Q").

   In reaching the determination to continue the listing of
infoGROUP's common stock, the Nasdaq staff stated that filing the 2007
Form 10-K, the First Quarter 2008 Form 10-Q and the Second Quarter
2008 Form 10-Q remedied the violation of the Rule and that the
remedial measures announced by the Special Litigation Committee
brought infoGROUP back into compliance with the continued listing
standards of the NASDAQ. The NASDAQ letter also noted that a public
reprimand was warranted due to the lack of appropriate market
disclosure with respect to transactions between infoGROUP and Mr.
Vinod Gupta, its former Chief Executive Officer, lack of oversight
with respect to such transactions and a general lack of controls that
allowed these issues to occur.

   "We have taken all aspects of this situation extremely seriously,"
said Bill Fairfield, the new Chief Executive Officer of infoGROUP. "We
continue to make positive steps to help move the company forward and
this is another indication that we are on the right path."

   About infoGROUP

   infoGROUP (www.infoGROUP.com) (NASDAQ: IUSA), 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 infoGROUP has the most
comprehensive data in the industry, and is the only company to own 12
proprietary databases under one roof. The infoGROUP database powers
the directory services of the top Internet traffic-generating sites.
Nearly 4 million customers use infoGROUP's products and services to
find new customers, grow their sales, and for other direct marketing,
telemarketing, customer analysis and credit reference purposes.
infoGROUP 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.infoGROUP.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.

infoGROUP
Lisa Olson, 402-593-4541
Senior Vice President, Corporate Relations
E-Mail: ir@infousa.com

Copyright Business Wire 2008
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