Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

December 11, 2008 10:34 ET

Quebecor World Announces Investment in Leading Co-Mail Technology to Generate Greater Postal Savings for its Catalog and Magazine Customers

MONTREAL, CANADA--(Marketwire - Dec. 11, 2008) - Quebecor World Inc. (TSX:IQW) today announced it is deploying variable trim and unique hybrid co-mail technologies that will increase its extensive co-mail offering and generate greater postal savings for its Catalog and Periodical customers.

The installation of a Variable Trim Co-Mail solution will enable Quebecor World to deliver multiple trim formats inline, offering our customers more opportunities to participate in co-mail pools and reduce their mailing costs. The basis of this technology is a high-speed trimmer that is able to vary the trim size from book to book and is able to produce superior trim quality even with varying book thickness.

Quebecor World's Hybrid Co-Mail solution will allow more magazine and catalog customers to benefit from postal savings because it combines two established technologies into one powerful package. Quebecor World will be able to merge fully selective and personalized books from a saddle stitcher or perfect binder with multiple, previously perfect bound or stitched books. Hybrid Co-Mail will eliminate the current constraints around size in both dimensions, bind type and mail class by building new co-mail pools. Our Hybrid Co-Mail system will change the way in which our customers look at co-mail and postal efficiencies.

"Once again Quebecor World is taking the lead in the deployment of innovative, new technology to provide our customers with a greater opportunity to maximize postal savings via the most sophisticated and comprehensive co-mailing solutions in the market," said Brian Freschi, President Quebecor World Marketing Solutions Group. These leading capabilities support our customers' needs for efficiency and flexibility and will further distinguish Quebecor World in the catalog market."

"These initiatives provide our customers with multiple trim sizes, multiple co-mail options and more opportunity for greater postal savings. These are solutions our periodical publishers are looking for as they turn to us for ways to improve their business by introducing new efficiencies and enabling them to create new formats for their advertisers and readers," said Kevin Clarke President Quebecor World Publishing Services."

Quebecor World Logistics is leading the industry in terms of speed to market, with a 2.5-day offline co-mail pool turnaround. This combined with the power and flexibility of our inline offering provides our customers with a distinctive option in the catalog and periodical markets.

Earlier this year, Quebecor World Logistics became the first in the industry to offer mixed class co-mail pools to publishers and catalogers, which has since tripled in volume. As a direct result, Quebecor World Logistics recently announced plans to open a new offline co-mail facility in New Jersey as a result of growing demand for mail optimization solutions.

The benefits of our logistics services include predictable postage savings, multiple trim size options, weekly co-mail events as well as flexible, opt-in participation and customized reporting. This combined with Quebecor World's offline co-mail, mail list, postal affairs expertise and distribution services ensures that catalog and magazine customers have seamless access to a full suite of mailing solutions.

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 December 11, 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