Dex One Receives Continued Listing Standard Notice from the NYSE

  Dex One Receives Continued Listing Standard Notice from the NYSE

Business Wire

CARY, N.C. -- December 10, 2012

Dex One Corporation (NYSE: DEXO) announced that it received notification on
Dec. 4, 2012 from the New York Stock Exchange (NYSE) that its average closing
share price is below the Exchange’s minimum continued listing standard of
$1.00 per share over a consecutive 30 trading-day period. Dex One has notified
the NYSE that it will take steps to cure this deficiency.

As part of its previously announced merger plans, Dex One will initiate a 1
for 5 reverse stock split as part of the transaction to address the NYSE’s
$1.00 share price continued listing standard.

Under NYSE rules, Dex One has until its next annual meeting of stockholders to
satisfy the average share price requirement. During this period, the company’s
shares will continue to be listed and traded on the NYSE, subject to
compliance with other NYSE continued listing standards.

ABOUT DEX ONE CORPORATION

Dex One Corporation (NYSE: DEXO) is a leading marketing solutions provider
helping local businesses and their customers connect wherever and whenever
they choose to search. Building on its heritage of delivering print-based
solutions, the company provides integrated products and services to help its
clients establish their digital presence and generate leads. Dex One's locally
based marketing experts offer a broad network of local marketing solutions
including online, mobile and print search solutions, such as DexKnows.com. For
more information, visit www.DexOne.com.

Important Information For Investors and Security Holders

This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. The
proposed merger transaction between SuperMedia Inc. (“SuperMedia”) and Dex One
Corporation (“Dex”) will be submitted to the respective stockholders of
SuperMedia and Dex. In connection with the proposed transaction, Newdex, Inc.,
a subsidiary of Dex (“Newdex”), has filed with the Securities and Exchange
Commission (“SEC”) a registration statement on Form S-4 that includes a joint
proxy statement/prospectus to be used by SuperMedia and Dex to solicit the
required approval of their stockholders and that also constitutes a prospectus
of Newdex. INVESTORS AND SECURITY HOLDERS OF SUPERMEDIA AND DEX ARE ADVISED TO
CAREFULLY READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS
(INCLUDING ALL AMENDMENTS AND SUPPLEMENTS) AND OTHER RELEVANT DOCUMENTS FILED
WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE TRANSACTION, THE PARTIES TO THE TRANSACTION AND THE
RISKS ASSOCIATED WITH THE TRANSACTION. A definitive joint proxy
statement/prospectus will be sent to security holders of SuperMedia and Dex
seeking their approval of the proposed transaction. Investors and security
holders may obtain a free copy of the joint proxy statement/prospectus (when
available) and other relevant documents filed by SuperMedia and Dex with the
SEC from the SEC’s website at www.sec.gov. Copies of the documents filed by
SuperMedia with the SEC will be available free of charge on SuperMedia’s
website at www.supermedia.com under the tab “Investors” or by contacting
SuperMedia’s Investor Relations Department at (877) 343-3272. Copies of the
documents filed by Dex with the SEC will be available free of charge on Dex’s
website at www.dexone.com under the tab “Investors” or by contacting Dex’s
Investor Relations Department at (800) 497-6329.

SuperMedia and Dex and their respective directors, executive officers and
certain other members of management may be deemed to be participants in the
solicitation of proxies from their respective security holders with respect to
the transaction. Information about these persons is set forth in SuperMedia’s
proxy statement relating to its 2012 Annual Meeting of Shareholders and Dex’s
proxy statement relating to its 2012 Annual Meeting of Stockholders, as filed
with the SEC on April 11, 2012 and March 22, 2012, respectively, and
subsequent statements of changes in beneficial ownership on file with the SEC.
These documents can be obtained free of charge from the sources described
above. Security holders and investors may obtain additional information
regarding the interests of such persons, which may be different than those of
the respective companies’ security holders generally, by reading the joint
proxy statement/prospectus and other relevant documents regarding the
transaction (when available), which will be filed with the SEC.

Forward-Looking Statements

Certain statements contained in this document are "forward-looking statements"
subject to the safe harbor created by the Private Securities Litigation Reform
Act of 1995, including but not limited to, statements about the benefits of
the proposed transaction and combined company, including future financial and
operating results and synergies, plans, objectives, expectations and
intentions and other statements relating to the proposed transaction and the
combined company that are not historical facts. Where possible, the words
"believe," "expect," "anticipate," "intend," "should," "will," "would,"
"planned," "estimated," "potential," "goal," "outlook," "may," "predicts,"
"could," or the negative of such terms, or other comparable expressions, as
they relate to Dex, SuperMedia, the combined company or their respective
management, have been used to identify such forward-looking statements. All
forward-looking statements reflect only Dex’s and SuperMedia’s current beliefs
and assumptions with respect to future business plans, prospects, decisions
and results, and are based on information currently available to Dex and
SuperMedia. Accordingly, the statements are subject to significant risks,
uncertainties and contingencies, which could cause Dex’s, SuperMedia’s or the
combined company’s actual operating results, performance or business plans or
prospects to differ materially from those expressed in, or implied by, these
statements.

Factors that could cause actual results to differ materially from current
expectations include risks and other factors described in Dex’s and
SuperMedia’s publicly available reports filed with the SEC, which contain
discussions of various factors that may affect the business or financial
results of Dex, SuperMedia or the combined company. Such risks and other
factors, which in some instances are beyond either company’s control, include:
the continuing decline in the use of print directories; increased competition,
particularly from existing and emerging digital technologies; ongoing weak
economic conditions and continued decline in advertising sales; the companies’
ability to collect trade receivables from customers to whom they extend
credit; the companies’ ability to generate sufficient cash to service their
debt; the companies’ ability to comply with the financial covenants contained
in their debt agreements and the potential impact to operations and liquidity
as a result of restrictive covenants in such debt agreements; the companies’
ability to refinance or restructure their debt on reasonable terms and
conditions as might be necessary from time to time; increasing interest rates;
changes in the companies’ and the companies’ subsidiaries credit ratings;
changes in accounting standards; regulatory changes and judicial rulings
impacting the companies’ businesses; adverse results from litigation,
governmental investigations or tax related proceedings or audits; the effect
of labor strikes, lock-outs and negotiations; successful realization of the
expected benefits of acquisitions, divestitures and joint ventures; the
companies’ ability to maintain agreements with major Internet search and local
media companies; the companies’ reliance on third-party vendors for various
services; and other events beyond their control that may result in unexpected
adverse operating results.

With respect to the proposed merger, important factors could cause actual
results to differ materially from those indicated by forward-looking
statements included herein, including, but not limited to, the ability of Dex
and SuperMedia to consummate the transaction on the terms set forth in the
merger agreement; the risk that anticipated cost savings, growth opportunities
and other financial and operating benefits as a result of the transaction may
not be realized or may take longer to realize than expected; the risk that
benefits from the transaction may be significantly offset by costs incurred in
integrating the companies; potential adverse impacts or delay in completing
the transaction as a result of obtaining consents from lenders to Dex or
SuperMedia; failure to receive the approval of the stockholders of either Dex
or SuperMedia for the transaction; and difficulties in connection with the
process of integrating Dex and SuperMedia, including: coordinating
geographically separate organizations; integrating business cultures, which
could prove to be incompatible; difficulties and costs of integrating
information technology systems; and the potential difficulty in retaining key
officers and personnel. These risks, as well as other risks associated with
the merger, are more fully discussed in the proxy statement/prospectus
included in the registration statement on Form S-4 that Newdex filed with the
SEC in connection with the proposed transaction.

None of Dex, SuperMedia or the combined company is responsible for updating
the information contained in this document beyond the publication date, or for
changes made to this document by wire services or Internet service providers.

Contact:

Dex One Corporation
Media Contact:
Chris Hardman, 303-784-1351
chris.hardman@dexone.com
or
Investor Contact:
James Gruskin, 800-497-6329
invest@dexone.com
 
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