R.H. Donnelley Receives Notice Regarding NYSE Listing
14 Noviembre 2008 - 5:14PM
PR Newswire (US)
CARY, N.C., Nov. 14 /PRNewswire-FirstCall/ -- R.H. Donnelley
Corporation (NYSE:RHD), one of the nation's leading Yellow Pages
and online local commercial search companies, was notified today by
the New York Stock Exchange (NYSE) that the Company was not in
compliance with two NYSE standards for continued listing of the
Company's common stock on the exchange. Specifically, the Company
is considered below criteria by the NYSE because (i) the average
closing price of the Company's common stock was less than $1.00 per
share over a consecutive 30-day trading period and (ii) the
Company's average total market capitalization has been less than
$75 million over the same period and its last reported
stockholders' equity was less than $75 million. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060731/NYM044LOGO) Under NYSE
rules, the Company has six months from the notification date to
comply with the minimum price standard and 18 months to comply with
the minimum market capitalization/stockholders' equity standard.
The Company plans to notify the NYSE that it intends to cure the
deficiencies within the prescribed timeframes. If the Company is
not compliant with the continued listing standards within the
prescribed timeframes, its common stock will be subject to
suspension and delisting by the NYSE. In the meantime, R.H.
Donnelley's common stock will continue to be listed on the NYSE
under the symbol "RHD," but will be assigned a ".BC" indicator by
the NYSE to signify that the Company is not currently in compliance
with the NYSE's continued listing standards. The Company's business
operations, Securities and Exchange Commission reporting
requirements, credit agreements and other debt obligations are
unaffected by this notification. About R.H. Donnelley R.H.
Donnelley connects businesses and consumers through its portfolio
of print and interactive marketing solutions. Small- and
medium-sized businesses look to R.H. Donnelley's experienced team
of marketing consultants to help them grow their companies and
drive sales leads. Consumers depend on the Company's reliable,
local business content to deliver the most relevant search results
when they are seeking local goods and services. For more
information, visit http://www.rhd.com/ and DexKnows.com. Safe
Harbor Provision Certain statements contained in this press release
are "forward-looking statements" subject to the safe harbor created
by the Private Securities Litigation Reform Act of 1995. Where
possible, the words "believe," "expect," "anticipate," "intend,"
"should," "will," "would," "plan," "may," "could," or the negative
of such terms, or other comparable expressions, as they relate to
RHD or its management, have been used to identify such
forward-looking statements. All forward-looking statements reflect
only RHD's current beliefs and assumptions with respect to the
matters discussed, and are based on information currently available
to RHD. Accordingly, the statements are subject to significant
risks, uncertainties and contingencies, which could cause actual
results to differ materially from the expectations 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 RHD's publicly available
reports filed with the SEC, which contain a discussion of various
factors that may affect RHD's business or financial results. Such
risks and other factors, which in some instances are beyond RHD's
control, include: our ability to generate sufficient cash to
service our significant debt levels; our ability to comply with or
obtain modifications or waivers of the financial covenants
contained in our debt agreements, and the potential impact to
operations and liquidity as a result of restrictive covenants in
such debt agreements; our ability to refinance our debt on
reasonable terms and conditions as might be necessary from time to
time, particularly in light of the recent instability in the credit
markets; increasing LIBOR rates; changes in directory advertising
spend and consumer usage; regulatory and judicial rulings;
competition and other economic conditions; changes in the Company's
and the Company's subsidiaries credit ratings; changes in
accounting standards; adverse results from litigation, governmental
investigations or tax related proceedings or audits; the effect of
labor strikes, lock-outs and negotiations; successful integration
and realization of the expected benefits of acquisitions; the
continued enforceability of the commercial agreements with Qwest,
Embarq and AT&T; our reliance on third-party vendors for
various services; and other events beyond our control that may
result in unexpected adverse operating results. RHD is not
responsible for updating the information contained in this press
release beyond the published date, or for changes made to this
document by wire services or Internet service providers. This press
release is being furnished to the SEC through a Form 8-K. The
Company's next 10-Q report to be filed with the SEC may contain
updates to the information included in this release.
http://www.newscom.com/cgi-bin/prnh/20060731/NYM044LOGO
http://photoarchive.ap.org/ DATASOURCE: R.H. Donnelley Corporation
CONTACT: Investors, James M. Gruskin, 1-800-497-6329, or Media,
Tyler D. Gronbach, +1-919-297-1541, both of R.H. Donnelley
Corporation Web site: http://www.rhd.com/ http://www.dexknows.com/
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