1278438--3/16/2006--DEX_MEDIA_WEST_LLC

related topics
{debt, indebtedness, cash}
{cost, operation, labor}
{system, service, information}
{investment, property, distribution}
{condition, economic, financial}
{capital, credit, financial}
{personnel, key, retain}
{property, intellectual, protect}
{competitive, industry, competition}
{cost, regulation, environmental}
We may experience difficulties integrating with Donnelley. We face significant competition that may reduce our market share and harm our financial performance. We could be materially adversely affected by declining usage of printed yellow pages directories. General economic factors could adversely affect our results of operations and financial condition. Our dependence on third-party providers of printing, delivery and transportation services could materially adversely affect us. Fluctuations in the price or availability of paper could materially adversely affect us. We could be materially adversely affected by turnover among sales representatives or loss of key personnel. Our business may be adversely affected by our reliance on, and our extension of credit to, SMEs. Our sales of advertising to national accounts is coordinated by third parties that we do not control. We may be subject to work stoppages, which could increase our operating costs and disrupt our operations. Future changes in Qwest s directory publishing obligations in the Dex West States may increase our costs. The loss of important intellectual property rights could adversely affect our competitiveness. Risks Related to Our Indebtedness Our substantial indebtedness could adversely affect our financial condition and impair our ability to operate our business. Despite our substantial indebtedness, we may still incur significantly more debt. This could exacerbate the risks described above. Restrictive covenants in our credit facility and the indentures governing our notes may restrict our ability to pursue our business strategies.

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