Edgar Filing: DOLPHIN LTD PARTNERSHIP I LP

Definitive Additional Materials

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infoUSA Inc.

(Name of Registrant as Specified In Its Charter)

Dolphin Limited Partnership I, L.P.

Dolphin Financial Partners, L.L.C.

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Dolphin Limited Partnership I, L.P.

Dolphin Financial Partners, LLC

NINETY-SIX CUMMINGS POINT ROAD

STAMFORD, CT 06902

April 24, 2006

Dear Fellow infoUSA Shareholder:

Please find enclosed our proxy materials in support of —

three highly qualified, independent candidates nominated by Dolphin for election at infoUSA’s Annual Shareholder Meeting scheduled for May 26, 2006. These nominees are seeking election to benefit all shareholders; and

a proposal to amend infoUSA’s by-laws to prohibit for three years the re-nomination or appointment by the Board of a director who has been voted down by shareholders.

Dolphin, which owns 2.0 million shares (3.6%), is infoUSA’s fourth largest unaffiliated shareholder.

WE URGE YOU TO READ OUR ACCOMPANYING PROXY STATEMENT. There you will find the details of the matters discussed in this letter. You will also read of our extensive efforts over the past seven months to bring consensual, positive change to the full Board and to correct the significant issues that we have highlighted and that we find very troubling. We think you will find them troubling as well.


PLEASE VOTE YOUR BLUE PROXY CARD TODAY IN FAVOR OF DOLPHIN’S INDEPENDENT NOMINEES AND OUR PROPOSED BY-LAW AMENDMENT.		*WE BELIEVE THE FULL BOARD HAS FAILED TO SERVE THE INTERESTS OF ALL* SHAREHOLDERS AND NEEDS NEW, INDEPENDENT DIRECTORS In our view, these significant, still uncorrected issues point to a Chairman, CEO and 40% shareholder who has received improper and undisclosed benefits and special treatment, and to a full Board that has been unable or unwilling to check this conduct: · Extensive Related Party Transactions since 1998 between infoUSA and Mr.Vinod Gupta and his affiliates**, involving an 80-foot yacht (the American Princess), interests in private jets, a skybox, private residences, real estate and luxury cars.

·	Mr. Vinod Gupta’s failed, opportunistic $11.75 per share offer, made just five days after an earnings warning which knocked over 20% off the share value and three months after he publicly stated that your shares were worth in excess of $18 per share.

The full Board’s termination of the Special Committee formed to evaluate Mr. Vinod Gupta’s offer and potential alternatives. The Committee was terminated after telling Mr. Vinod Gupta that it would have to contact other potential acquirers (a “market check”) and publicly announcing that it would be in your “best interest” for its work to continue. Mr. Vinod Gupta, and other directors whom we believe had conflicts, voted to terminate the special committee, while three committee members voted to preserve it.

A Shareholder Rights Plan, which effectively prevents any shareholder— other than Mr. Vinod Gupta and his affiliates—from acquiring more than 15% of the shares. The exemption for Mr. Vinod Gupta has enabled him to expand his sizeable holdings through market purchases and the receipt and exercise of significant option grants.

Mr. Vinod Gupta’s receipt since 1998 of option grants to acquire 3.2 million additional shares (6% of the Company), including options on 500,000 shares awarded just last year, despite his already substantial holdings. These grants and their exercise dilute your interests and make it more difficult for unaffiliated shareholders to gain representation on the Board. Just prior to the record date for this meeting, Mr. Vinod Gupta exercised 1.2 million of these options.

·	Numerous changes in the Board and top management over the past decade. By our count, during this time the Board has seen 15 directors come and go. During the same period, we also count 15 senior officers who have either resigned or have been reassigned.

Stagnant profitability since 2001 that, together with these troubling issues, in our view, has caused your shares to continue to trade at a material discount to its publicly traded peers, as described at pages 19 and 29 of our proxy statement. On April 21, 2006, the Company announced first quarter results. While touting a revenue increase, the Company reported reduced earnings (compared to 2005) that missed analyst estimates.

THE FULL BOARD AND MR. VINOD GUPTA DO NOT DESERVE YOUR TRUST

Rather than address the issues that Dolphin has raised, on April 17, 2006, the full Board sent you a letter signed by Mr. Vinod Gupta claiming its dedication to shareholders and attacking Dolphin and its independent nominees. Let us compare the letter with the facts. Then, you be the judge of whether Mr. Vinod Gupta and his fellow Company nominees deserve your trust.