Dex One Corporation (NYSE: DEXO) announced today that it received
notification from the New York Stock Exchange (NYSE) that its average
equity market capitalization has fallen below the Exchange’s minimum
continued listing standard of $100 million over a consecutive 30
trading-day period.
Dex One notified the NYSE that, by Oct. 7, it intends to submit a plan
to restore compliance. Within 45 days of receipt of the company’s plan,
the NYSE will determine if it will accept it. If the Exchange accepts
the plan, Dex One will have up to 18 months to demonstrate compliance
with the minimum equity market capitalization continued listing
standard. 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
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.
SAFE HARBOR PROVISION
Certain statements contained in this press release regarding Dex One
Corporation’s future operating results or performance or business plans
or prospects and any other statements not constituting historical fact
are "forward-looking statements” subject to the safe harbor created by
the Private Securities Litigation Reform Act of 1995. All
forward-looking statements reflect only Dex One's current beliefs and
assumptions with respect to future business plans, prospects, decisions
and results, and are based on information currently available to Dex
One. Accordingly, the statements are subject to significant risks,
uncertainties and contingencies, which could cause Dex One’s actual
operating results, performance or business plans or prospects to differ
materially from those expressed in, or implied by, these statements.
