Press Release

YELLOWPAGES.COM Announces Distribution Agreement with Yahoo! Local

PASADENA, Calif., | Friday, January 06, 2006

YELLOWPAGES.COM LLC, a joint venture between AT&T Inc. (NYSE:T) and BellSouth Corp. (NYSE: BLS) today announced a distribution agreement with Yahoo! Local that creates greater exposure and value for YELLOWPAGES.COM advertisers, as well as enhances the local search experience for Yahoo! Local users. The agreement will give YELLOWPAGES.COM advertisers placement on Yahoo! Local and Yahoo! Yellow Pages.

With this additional exposure on Yahoo! Local, YELLOWPAGES.COM solidifies its place as the leading Internet Yellow Pages advertising network by providing advertisers with exposure to more monthly unique visitors and network searches.

Under this agreement, select advertisers who purchase a YELLOWPAGES.COM advertising package will be distributed across the Yahoo! Local and Yahoo! Yellow Pages as sponsored search results.

With this launch, the company also has unveiled its new logo design, which replaces the "A" in YELLOWPAGES.COM with the well-known "walking fingers" icon that is indelibly connected to Yellow Pages directories and local consumer solutions. A multimedia advertising campaign will debut in January 2006.

"We are pleased to be associated with Yahoo! Local and Yahoo! Yellow Pages. Yahoo!'s large and loyal user base, as well as a strong brand as a leading Internet company, brings significant value and benefit to YELLOWPAGES.COM advertisers," said Charles Stubbs, president and CEO of YELLOWPAGES.COM. "The YELLOWPAGES.COM Network provides significant Internet Yellow Pages exposure available to advertisers with a single purchase. This is a direct benefit to YELLOWPAGES.COM advertisers and a great business opportunity to all current advertisers of AT&T Yellow Pages and BellSouth Advertising and Publishing."

"Yahoo! Local offers consumers the most comprehensive and relevant local search experience online," said Paul Levine, general manager of Yahoo! Local. "As Yahoo! strives to leverage all local knowledge to give its users more depth and social context in their local online experience, we're pleased to partner with YELLOWPAGES.COM and bring its impressive, growing portfolio of local advertiser content to Yahoo!."

This agreement covers the AT&T and BellSouth territories and certain additional states. In addition, YELLOWPAGES.COM will distribute its national advertisers on Yahoo! Local and Yahoo! Yellow Pages. YELLOWPAGES.COM will now be the only source for yellow pages industry Certified Marketing Representatives (CMRs) to place clients' listings on the YELLOWPAGES.COM network, Yahoo! Local and Yahoo! Yellow Pages.

This single distribution arrangement expands upon previous agreements between Yahoo! and AT&T Yellow Pages and BellSouth Advertising and Publishing Corporation.

YELLOWPAGES.COM also has distribution agreements with Switchboard and AOL Yellow Pages.

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