Idearc Shareholders, Analysts and Members of the Financial Community:

We are pleased to welcome you as an interested party in Idearc. Idearc consists primarily of assets, liabilities, businesses and employees engaged in the delivery of our multi-platform suite of advertising products. Our company's financial statements are reported under Idearc Inc.

Our strategy is to connect buyers and sellers with a multi-platform of advertising solutions including Verizon® Yellow Pages, Verizon® White Pages, smaller-sized portable Verizon® Yellow Pages Companion Directories, Superpages.com®, Superpages MobileSM, Solutions At Hand™ magazine, Solutions at Home™ magazine, and Solutions on the Move™ and Solutions Direct™ direct mail packages.

We will continue to be the exclusive official publisher of Verizon print directories in the markets in which Verizon is currently the incumbent local exchange carrier and will under appropriate circumstances have the right to utilize the Verizon Logo on our directories in Idearc's independent markets.

We believe that our independence will allow us to more effectively focus on meeting our financial and business objectives and provides an opportunity to deliver more value than we could as a subsidiary of Verizon. Idearc shares are listed on the New York Stock Exchange under the symbol "IAR".

Some statements on this website constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Idearc Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. Various risks could cause future results to differ from those expressed by the forward-looking statements included in this press release. These risks include, but are not limited to, the following:

• risks inherent in our spin off from our former parent corporation, Verizon Communications Inc., including increased costs and reduced profitability associated with operating as an independent company;

• risks related to borrowings made in connection with the spin-off from Verizon Communications Inc.;

• risks associated with our dependence on key agreements entered into with Verizon Communications Inc. in connection with the spin-off;

• increased demands on our management teams as a result of operating as an independent company;

• changes in our competitive position due to competition from other yellow pages publishers and/or our ability to anticipate or respond to changes in technology and user preferences;

• changes in the availability and cost of printing raw materials and third party printers and distributors;

• changes in U.S. labor, business, political and/or economic conditions;

• changes in governmental regulations and policies and actions of regulatory bodies;

• changes in operating performance; and

• access to capital markets and changes in credit ratings.

For further details and a discussion of these and other risks and uncertainties, please see Idearc Inc.'s filings with the Securities and Exchange Commission, which you may view at www.sec.gov, and in particular, Idearc Inc.'s information statement, filed as part of its registration statement on Form 10, and related amendments, filed with the Securities and Exchange Commission on July 7, 2006, and made effective as of November 1, 2006. Other unknown or unpredictable factors could have material adverse effects on the Company's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed herein may not occur. We caution you not to place undue reliance on these forward-looking statements. All subsequent written and oral forward-looking statements concerning Idearc Inc., or other matters and attributable to Idearc Inc. or any person acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. Idearc Inc. does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

Recent Releases

May 6, 2008
Idearc Announces First Quarter 2008 Results

Apr 29, 2008
Idearc to Host Annual Meeting of Stockholders on May 1, 2008

more »

Events

May 6, 2008
Idearc Q1 2008 Earnings Webcast

May 1, 2008
2008 Annual Meeting of Stockholders

more »