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                                                                    EXHIBIT 99.1

                                        MEDIA CONTACTS:
                                        TransWestern Publishing: Kim Beales
                                                                 (858) 467-2815

                                        Thomas H. Lee Partners:  Caroline Luz

                                                                 (203) 221-2790



FOR IMMEDIATE RELEASE
June 28, 2001


   TRANSWESTERN PUBLISHING COMPLETES $900 MILLION RECAPITALIZATION FOLLOWING
                         ACQUISITION OF WORLDPAGES.COM

                     INVESTOR GROUP PROVIDES GROWTH CAPITAL

        SAN DIEGO -- TransWestern Publishing Company LLC today announced that,
concurrent with the acquisition of WorldPages.com, Inc. (NYSE: WPZ), it has
completed a recapitalization with an investor group led by Thomas H. Lee
Partners, CIVC Partners, LLC (an affiliate of Bank of America Corporation),
Providence Equity Partners and TransWestern Publishing management. The $900
million recapitalization represents the first investment for Thomas H. Lee
Equity Fund V, L.P., a $6.1 billion private equity fund. Debt financing for the
transactions included the issuance of $75 million of senior subordinated notes
on May 23, 2001, led by CIBC World Markets Corp. and First Union Securities,
Inc. and a $300 million senior credit facility arranged by CIBC World Markets
Corp., First Union Securities, Inc. and Fleet Securities, Inc. The law firm of
Kirkland & Ellis represented TransWestern Publishing and the investor group led
by Thomas H. Lee Partners.

        On Wednesday, June 27, 2001, the WorldPages.com shareholders voted to
accept TransWestern Publishing's offer to acquire all outstanding stock for $3
per share in an all cash merger transaction. The transaction, which is now
finalized, reflects a total WorldPages.com enterprise value of approximately
$215 million including debt assumption. TransWestern Publishing is one of the
nation's largest independent telephone directory publishers and WorldPages.com
is a leading provider of print and Internet telephone directories.

        TransWestern Publishing's President and Chief Executive Officer Rick
Puente commented, "The marriage of these two outstanding companies creates a
united company that can serve our customers even better. Of course, we will
continue with our basic mission -- to deliver high quality telephone directories
and excellent customer service to advertisers and consumers. Two of the best
companies in the industry are now one family and we look forward to what we can
accomplish together. In addition, the recapitalization provides us with growth
capital to continue to execute on an exciting business strategy."

                                 -- continued --


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TRANSWESTERN PUBLISHING
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        As a result of the purchase of WorldPages.com, TransWestern Publishing's
portfolio of telephone directories consists of 311 print directories in 23
states. The company serves a diversified base of over 225,000 business
advertisers. Pro forma for this transaction, TransWestern Publishing had
revenues of approximately $280 million in 2000.

        Thomas H. Lee Partners, L.P. is a Boston-based private equity firm
focused on identifying and acquiring substantial ownership positions in growth
companies. Founded in 1974, Thomas H. Lee Partners currently manages
approximately $12 billion of committed capital. Notable transactions sponsored
by the firm include Metris Companies, Fisher Scientific, Experian, Rayovac,
HomeSide Lending and Snapple Beverage.


        This release contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may vary materially
from the expectations contained in the forward-looking statements. The following
factors, among others, could cause actual results to differ materially from
those described in the forward-looking statements: the risk that the businesses
of TransWestern Publishing and WorldPages will not be integrated successfully;
and other economic, business, competitive and/or other factors affecting
TransWestern Publishing's business generally. Detailed information about factors
pertinent to the business of each of WorldPages and TransWestern Publishing that
could cause actual results to differ is set forth in its filings with the SEC.
TransWestern Publishing is under no obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements whether as a
result of new information, future events or otherwise.

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