Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

November 25, 2008 11:31 ET

Quebecor World Invests in Leading Canadian Retail Insert Platform

MONTREAL, CANADA--(Marketwire - Nov. 25, 2008) - Quebecor World Inc. (TSX:IQW) announced today it is purchasing a new state-of-the-art short cut-off retail offset press to further strengthen its industry leading Canadian retail insert platform. The investment plan includes the purchase of one of the latest wide-web manroland presses, equipped with state-of-the-art quality control and delivery systems.

"This investment is another clear demonstration of our commitment to provide our customers in Canada and in all our markets, with the most flexible and efficient platform available in the retail market today," said Jacques Mallette President and CEO Quebecor World. "We continue to make the necessary investments in process, people and equipment as we work towards our stated goal of exiting creditor protection as a strong participant in our industry."

"Quebecor World Canada operates a coast-to-coast offset retail printing platform. This allows our customers doing business in Canada to use a multi-plant strategy to print closer to the end user, more directly target their message through local and regional versioning, while reducing cycle time and transportation costs. The new equipment will be dedicated to the retail segment and will provide our customers with a new format capability to reduce paper consumption. The new equipment will be strategically positioned to best serve customer needs," commented Regis Rehel, President Quebecor World Canada.

"Retail inserts continue to be one of the most effective ways to reach customers and drive in store traffic. This new press is an exciting addition to our platform. This is part of our goal to provide the best level of service in the industry to ensure our customers win in their respective markets," said Karl Broderick, Senior Vice-President Sales, Quebecor World Canada. "In this challenging economy, our customers are looking for ways to improve efficiency and increase revenue. This new equipment combined with our solution selling approach like Integrated Multichannel Solutions™ will help our customers ensure the highest possible return on their marketing investment. This new equipment is expected to be operational in the third quarter of 2009."

Quebecor World's Canadian platform provides comprehensive marketing and advertising solutions to retailers and publishers in a coast-to-coast network of 14 facilities producing retail inserts, magazines, catalogs, books, directories, direct mail products as well as complete premedia and logistics services. It also provides customers fully integrated North America solutions with seamless access to Quebecor World's U.S. offset and rotogravure networks for publishers and retailers who do business across the continent or are looking to expand into new markets.

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 and the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2007.

The forward-looking statements in this press release reflect the Company's expectations as of November 25, 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.

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

In light of the CCAA and Chapter 11 Proceedings, it is unlikely that the Company's existing Multiple Voting Shares, Redeemable First Preferred Shares and Subordinate Voting Shares will have any material value following the approval of a final plan of arrangement.

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 23,000 employees working in approximately 100 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, 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, Corporate Finance and Treasurer
    514-877-5143
    800-567-7070