Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

July 31, 2008 16:35 ET

Quebecor World Increases Volume in New Multi-Year Printing Agreement With Local Insight Media

MONTREAL, QUEBEC--(Marketwire - July 31, 2008) - Quebecor World Inc. (TSX:IQW) announced that it has signed a multi-year printing agreement with Local Insight Media Holdings, Inc., expanding its volume of printing for the company. Under this long-term agreement, Quebecor World will print more than 450 directories for Local Insight Media, whose operating subsidiaries and affiliates provide lead-generating Yellow Pages directory and local search solutions for 370,000 businesses in 42 states and the Caribbean.

Quebecor World currently prints more than 350 directories for Local Insight Media's operating subsidiaries and affiliates. Under the new agreement, Quebecor World will progressively increase the volume of directories it produces for Local Insight Media. It will continue to supply the company from its network of printing facilities in the United States, Canada and Mexico.

"We are pleased to expand the scope of our printing relationship with Quebecor World," said Scott Pomeroy, President and CEO of Local Insight Media. "In addition to meeting our growing need for high-quality printed directories across a geographically diverse footprint, this agreement will enable us to realize significant operational efficiencies and enhance our competitiveness."

"Local Insight Media is an innovative directory publisher with a broad geographic footprint that demands multi-plant manufacturing and places a high premium on cycle time," said Jacques Mallette, President and CEO Quebecor World Inc. "At Quebecor World, we are pleased to commit to meeting Local Insight Media's needs and supporting their growth in all their markets for many years to come."

Kevin J. Clarke, President of the Quebecor World Publishing Services Group commented, "Local Insight Media and Quebecor World share a history of success, beginning with our relationship with their CBD Media directories business. We are delighted that they have chosen to significantly grow their business with us. We are committed to continuing to deliver superior products and service to Local Insight Media in the years ahead."

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 "Risk Factors" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2007.

The forward-looking statements in this press release reflect the Company's expectations as of July 31, 2008 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.

Quebecor World Inc. is currently subject to Court protection under the Companies' Creditors Arrangement Act (Canada), and various U.S. subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

About Local Insight Media Holdings, Inc.

Local Insight Media Holdings, Inc. provides lead-generating directory and local search solutions for 370,000 businesses in the U.S. and the Caribbean. Through its operating subsidiaries and affiliated companies, Local Insight Media owns and operates seven yellow pages and local search companies, including The Berry Company LLC, which it acquired in April 2008. Now the fifth largest directory publisher in the United States, Local Insight Media provides print and online directories in 42 states, Puerto Rico and the Dominican Republic, generating more than $700 million in pro forma annual revenue. It is also the largest provider of outsourced directory services to incumbent telephone companies in the United States. For more information, please see www.localinsightmedia.com.

Local Insight Media is a portfolio company of Welsh, Carson, Anderson & Stowe ("WCAS"), which is one of the largest and most successful private equity investment firms in the United States. Since its founding in 1979, WCAS has organized 14 limited partnerships with total capital of over $16 billion.

About Quebecor World

Quebecor World Inc. (TSX: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 24,000 employees working in more than 100 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, India, Mexico, and Peru.

Web address: www.quebecorworld.com

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