InfoUSA, Omaha, NE, had fourth-quarter sales of $77.8 million, a 39% increase over fourth-quarter 1998’s levels of $56.2 million. Net income was $10.1 million, up from $1.3 million. For the year, the company had net sales of $266.1 million, up from $228.7 million, and Net income of $23.2 million, compared with $2.2 million in 1998.
In December 1999 the company’s InfoUSA.com subsidiary completed a $10 million stock sale to Trident Capital, from which it realized $8.9 million.
The company also announced that CFO Jack McGovern, has resigned from the company “due to health-related reasons.” The company has tapped corporate controller Stormy Dean to be acting CFO. Dean was acting CFO prior to McGovern’s hire last year.
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