Worldcolor
TSX : WC
TSX : WC.U

August 06, 2009 14:13 ET

World Color Press (Previously Quebecor World) Secures Multi-Year Contract Extension From USA WEEKEND

MONTREAL, CANADA--(Marketwire - Aug. 6, 2009) - World Color Press is proud to announce a multi-year contract extension with long-time customer, USA WEEKEND. Under the terms of this agreement, World Color Press will continue to produce the majority of USA WEEKEND's weekly Sunday magazine through October 2015, extending a 24-year relationship.

World Color Press has produced USA WEEKEND Sunday magazine each week since 1985. USA WEEKEND has benefited from the company's strong coast-to-coast network of rotogravure facilities providing flexible pagination and format alternatives and efficient weekly distribution in the Midwest, Southern and Eastern United States.

"As a long-standing valued partner, we continuously strive to provide USA WEEKEND with exceptional quality and service each week creating a positive image for their loyal readers. We have always worked closely with USA WEEKEND to meet all challenges and implement changes needed to improve the production of the magazine", said Brian Freschi, President -World Color Press Marketing Solutions Group.

Throughout the relationship, World Color Press has introduced new formats specific to USA WEEKEND that address increasing paper and ink costs. These changes not only reduce costs but also help build and maintain brand awareness amongst readers.

"We are extremely pleased with World Color Press's flexibility and willingness to consider multiple options and implement change in our joint efforts to improve quality, service and cost control. As evidence of this, we have worked together to implement a new format that resulted in reduced production costs for us while maintaining a strong presence with our readers," said Ken Kirkhart Vice President of Production for USA WEEKEND.

Forward looking statements

To the extent any statements made in this press release contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are forward-looking information within the meaning of the "safe harbor" provisions of applicable Canadian securities legislation (collectively "forward-looking statements"). These forward-looking statements relate to, among other things, prospects of the "Company's" industry and its objectives, goals, strategies, beliefs, intentions, plans, estimates, projections and outlook, and can generally be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms, variations on them and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. The Company has based these forward-looking statements on its current expectations about future events. Forward-looking statements do not take into account the effect of transactions or other items announced or occurring after the statements are made. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset write-downs or other charges announced or occurring after the forward-looking statements are made.

Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct, and forward-looking statements inherently involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such forward-looking statements.

Important factors and assumptions as well as the Company's ability to anticipate and manage the risks associated therewith that could cause actual results to differ materially from these expectations are detailed from time to time in the Company's filings with the U. S. Securities and Exchange Commission ("SEC") and the securities regulatory authorities in Canada, available at www.sec.gov and www.sedar.com (copies of which are available on www.quebecorworld.com). The Company cautions that any such list of important factors that could affect future results is not exhaustive. Investors and others should carefully consider the factors detailed from time to time in the Company's filings with the SEC and the securities regulatory authorities in Canada and other uncertainties and potential events when relying on its forward-looking statements to make decisions with respect to the Company.

Unless mentioned otherwise, the forward-looking statements in this press release reflect the Company's expectations as of August 6, 2009, being the date at which they have been approved, 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 applicable securities laws.

About USA WEEKEND

USA WEEKEND is a national weekly magazine distributed in 700 newspapers throughout the United States. Focused on social issues, entertainment, health, food and travel, USA WEEKEND also provides classroom education guides, electronic publications and interactive magazine features.

About the Company

The Company is a world leader in providing high-value, marketing and advertising printing 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. The Company has approximately 20,000 employees working in approximately 90 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