Quebecor World Inc.
NYSE : IQW
TSX : IQW

Quebecor World Inc.

June 06, 2007 15:38 ET

Quebecor World Acquires Colorscope and Appoints Joseph Cha President of its Premedia Division

MONTREAL, CANADA--(Marketwire - June 6, 2007) - Quebecor World Inc. (TSX:IQW) (NYSE:IQW) is pleased to announce the appointment of Joseph Cha as President of the Premedia Division. Mr. Cha will play a key role in this important growth segment, ensuring that Quebecor World's Premedia Division creates greater customer value by offering its customers the most advanced 'before print' solutions as part of the Company's multi-channel marketing solution.

"Joe is a great addition to our leadership team. His knowledge in new media, print production and strategic marketing will strengthen our Customer Value Initiative to provide our customers with a complete, multi-channel marketing solution to help them drive greater value and sales," said Wes Lucas, President and CEO Quebecor World, Inc.

In conjunction with the appointment of Mr. Cha to President of the Premedia Divsion, Quebecor World Inc. acquired Colorscope, a high quality interactive and print imaging services provider with locations on the U.S. west coast and important relationships in Asia. Mr. Cha most recently held the position of Chief Executive Officer at Colorscope and will play an integral role in the seamless transition of Colorscope into the Quebecor World family.

"The acquisition of Colorscope provides us with a strong, highly respected Premedia presence on the west coast, new relationships in Asia and composition resources that can provide additional value to our customers," added Mr. Lucas. "I am fully confident that Joe and his Colorscope team, combined with our Premedia Division, will deliver new and innovative solutions to our customers as well as greater value to our shareholders."

Prior to his role as CEO at Colorscope, Mr. Cha led strategic planning initiatives at Yahoo! Inc. Mr. Cha has a successful track record at growing businesses. He was the principal founder and CEO of XUMA, Inc., a leading Internet application infrastructure and managed services provider which, under his leadership, grew sales revenue 20 fold in two years and expanded operations to include 325 employees in 5 locations.

Mr. Cha has related experience to help grow our business, having worked as a consultant at Landor Associates and PricewaterhouseCoopers LLC. During this time Mr. Cha advised clients on brand strategy and design and helped them develop new markets in Asia.

Mr. Cha earned a Bachelor of Arts in Economics and Master of Arts in Sociology from Stanford University in Palo Alto, CA and received a Masters in Business Administration from the Harvard Business School.

FORWARD LOOKING STATEMENTS

This press release may include "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of Quebecor World Inc. (the "Company"), may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset writedowns or other charges announced or occurring after forward-looking statements are made.

Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations please refer to the Company's public filings available at www.sedar.com, www.sec.gov and www.quebecorworld.com. In particular, further details and descriptions of these and other factors are disclosed in the "Risks and Uncertainties related to the Company's business" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2006, and the Company's quarterly Management's Discussion and Analysis and in the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2006.

The forward-looking statements in this press release reflect the Company's expectations as of June 6, 2007 and are subject to change after this date. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws.

The Company

Quebecor World Inc. (TSX:IQW)(NYSE:IQW) is a world leader in providing high-value, complete marketing and advertising solutions to leading retailers, catalogers, branded-goods companies and other businesses with marketing and advertising activities, as well as complete, full-service print solutions for publishers. The Company is a market leader in most of its major product categories, which include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, mail list technologies and other value-added services. Quebecor World has approximately 29,000 employees working in more than 120 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland and the United Kingdom.

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Vice President, Communications
    514-877-5317
    800-567-7070
    or
    Quebecor World Inc.
    Roland Ribotti
    Vice President, Investor Relations and Assistant Treasurer
    514-877-5143
    800-567-7070
    www.quebecorworld.com