Worldcolor
TSX : WC
TSX : WC.U

Worldcolor

October 27, 2009 10:23 ET

Worldcolor and Macmillan Sign Multi-Year Agreement to Print Estimated 800 Million Books

MONTREAL, CANADA--(Marketwire - Oct. 27, 2009) - Worldcolor (TSX:WC)(TSX:WC.U) has signed one of the largest book printing agreements in North America. The multi-year agreement with Macmillan's New York based U.S. operations involves the printing, over the term, of approximately 800 million major trade bestsellers, textbooks and mass market (paperback) books, based on current projections. Also included in the agreement are related warehousing and distribution services. The agreement renews and expands a long-running service relationship with the publisher, whose signature imprints include many of the best known names in book publishing such as St. Martin's Press, Farrar Straus & Giroux, Henry Holt, Tor, Forge, Bedford/St. Martin's, and W.H. Freeman and Worth Publishers. The agreement also adds new value added services to the scope of the relationship.

"The Macmillan name is one of the most distinguished in all of book publishing, which makes us even more proud to be able to renew and extend our valued relationship with this important customer," said Kevin J. Clarke, President of Worldcolor's Publishing Services Group. "Macmillan is an industry leader, and its leadership commitment helps us keep our book printing and related services at the forefront of our industry." Clarke credited Worldcolor's success in this contract to a focus on faster speed to market for time sensitive bestsellers and enhanced quality offset reproduction.

John Sargent, Macmillan's Chief Executive Officer, said Worldcolor continues to drive increasing value to Macmillan as both parties adapt to a new business environment: "We are happy to renew our relationship because we know that Worldcolor has the capacity and resources to serve our needs, and the ability to help us adapt to changes in our markets. We see increasing demand for shorter-runs, quicker productions turns, better distribution and innovative technology solutions. We will partner with Worldcolor to continue to drive innovation and efficiency in book production and distribution."

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 (the "Company") 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.worldcolor.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 October 27, 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 Macmillan

Macmillan in the U.S., headquartered in New York, is a leading group of publishing companies in the United States held by Verlagsgruppe Georg von Holtzbrinck, which is based in Stuttgart, Germany. These publishing companies include Farrar Straus and Giroux, Henry Holt & Company, W.H. Freeman and Worth Publishers, Palgrave Macmillan, Bedford/St. Martin's, Picador, Roaring Brook Press, St. Martin's Press, Tor Books, and Bedford Freeman & Worth Publishing Group.

About Worldcolor

Worldcolor is an industry leader in providing high-value and comprehensive print, digital and related services to retailers, catalogers, publishers, branded-goods companies and other businesses worldwide. Founded in 1903, Worldcolor's products include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics and mail list technologies. During its century-long existence, Worldcolor has had a rich tradition of leadership and excellence. Its team of approximately 20,000 employees is focused on helping clients meet their needs from facilities located in the U.S., Canada, Argentina, Brazil, Chile, Colombia, Mexico and Peru. More information about Worldcolor can be found on its Web site at www.worldcolor.com

Contact Information

  • Worldcolor
    Tony Ross
    Vice President, Communications
    514-877-5317
    800-567-7070
    or
    Worldcolor
    Roland Ribotti
    Vice President, Corporate Finance and Treasurer
    514-877-5143
    800-567-7070