NEW YORK, May 29, 2012 /PRNewswire/ -- Verizon Communications (NYSE, Nasdaq: [ VZ ]) today announced a program to provide its small shareowners with a convenient and inexpensive way either to round their Verizon holdings up to 100 shares or to sell all their shares.

Similar so-called odd-lot programs are commonly offered periodically by public companies to reduce administrative costs and offer a service to investors. Verizon's 2012 program will be independently administered by Georgeson, a Computershare company. Computershare Trust Company, N.A., which is Verizon's transfer agent, will serve as paying agent for the program.

Verizon will not buy or sell any of the shares or otherwise participate in the program.

The program is voluntary. It is intended to help owners of fewer than 100 Verizon shares who may have been deterred from selling their Verizon shares or buying additional shares because of the inconvenience or the cost of commissions.

Shareowners participating in the program will be assessed a processing fee of $1.50 per share purchased or sold, with a maximum fee of $40 per account. Shareowners who have lost or misplaced stock certificates will also be permitted to participate in the program for an additional fee to cover the required indemnity bond.

Eligible registered shareowners will be informed of the program by mail starting today and will have through July 6 to participate. Shares held in the company's employee benefit plans are excluded from this program.

Verizon shareowners can call Georgeson at 1-855-553-1153 for additional information.

Verizon Communications Inc. (NYSE, Nasdaq: [ VZ ]), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with 93 million retail customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 192,000. For more information, visit [ www.verizon.com ].

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at [ www.verizon.com/news ]. To receive news releases by email, visit the News Center and register for customized automatic delivery of Verizon news releases.

SOURCE Verizon Communications Inc.

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Verizon Announces Voluntary Sale and Purchase Program for Small Shareowners

Verizon Announces Voluntary Sale and Purchase Program for Small Shareowners