Dex One, SuperMedia On Track to Close Merger During 1H13, Set Shareholder Meetings

Dex One Corporation (NYSE: DEXO) and SuperMedia Inc. (NASDAQ: SPMD) announcedtoday each company will hold a special stockholder meeting on March 13, 2013to vote on the proposed merger of the companies as announced in August 2012.Both companies are mailing a joint proxy statement/prospectus to theirrespective stockholders this week. Newdex, Inc., a wholly owned subsidiary ofDex One, also filed a registration statement with the Securities and ExchangeCommission that provides details of the proposed merger.The companies expect to complete the transaction in the first half of 2013.Dex One will hold its stockholder meeting on March 13, at 1 p.m. Eastern, atDex One's corporate headquarters located at 1001 Winstead Dr., Cary, NC 27513.SuperMedia will hold its stockholder meeting on March 13, at 12 p.m. Central,at SuperMedia's corporate headquarters located at 2200 West Airfield Dr., D/FWAirport, TX 75261.Each company's stockholders of record as of January 25, 2013 are entitled tovote at their respective meeting. The boards of directors of both companieshave unanimously recommended approval of the merger.To date, a significant majority of senior lenders for both companies supportthe transaction. In the event the companies do not obtain unanimous supportfrom their remaining lenders, either or both companies may seek to completethe merger by means of a pre-packaged bankruptcy.By merging, the two companies expect to accelerate the transformation of thenewly combined business and: * Improve Positioning for Growth * National scale and scope – more than 3,100 marketing consultants across the U.S. * Greater market share – supporting more than 670,000 businesses * Improve Quality and Productivity * Offering a complete suite of social, mobile and local marketing solutions * Capture marketing consultant expertise and best practices from the two companies * Engage the best technology systems and platforms, operating processes, tools and client care techniques * Strengthen the Combined Company's Balance Sheet * Expense synergies * Efficient use of tax assets * Enhance cash flow * Extend runway for payment of senior debt