Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

November 25, 2008 11:33 ET

Quebecor World Invests in Leading U.S. Retail Insert Platform

MONTREAL, CANADA--(Marketwire - Nov. 25, 2008) - Quebecor World Inc. (TSX:IQW) announced today it is purchasing two new state-of-the-art short cutoff retail offset presses to further enhance its industry leading U.S. retail insert platform. The investment plan includes the purchase of two 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 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."

This investment will strengthen and complement Quebecor World's coast-to-coast rotogravure and offset retail printing platform. The new equipment will be positioned in strategic locations to best serve customer needs.

"We understand the changing needs of our customers and have kept close watch on what they need to be successful. Retail inserts continue to be one of the most effective ways to reach customers and drive in store traffic. This latest investment will provide our customers with an entirely new format capability to reduce paper consumption, shorten cycle time and reduce delivery costs," said Brian Freschi, President Quebecor World Marketing Solutions Group.

Quebecor World has been a consistent leader as the only North American printer with 3.5 meter gravure and 72" short cutoff retail offset platforms which already provide our customers with throughput and paper savings. Today's leading retailers recognize the strength of our platform and this latest investment will provide our customers with a unique opportunity to stay ahead of the pack. The first of the new presses is expected to be operational in the third quarter of 2009.

"With commodity prices continuing to increase dramatically, our customers are under constant pressure to find creative 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," commented Mike Bloomfield Executive Vice President Quebecor World Marketing Solution Group.

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