Quebecor World Inc.

Quebecor World Inc.

April 15, 2009 13:03 ET

Quebecor World Awarded Multi-Year Extension by CVS Caremark

MONTREAL, CANADA--(Marketwire - April 15, 2009) - Quebecor World Inc. (TSX:IQW) announced today a multi-year extension of its relationship with CVS Caremark Corporation. CVS Caremark is the world's largest provider of prescription medication offerings and the leading retail pharmacy with over 6,900 stores nationwide. This extension assures Quebecor World will continue to produce 100% of the CVS retail insert program as well as incremental volume from CVS Caremark's recent acquisition of Long's Drug Stores.

CVS Caremark utilizes the full scope of Quebecor World's premedia, rotogravure and offset manufacturing capabilities to meet its high volume and extensive versioning requirements. Quebecor World's unmatched coast-to-coast network and dual process capabilities allow for flexible and market responsive solutions for CVS Caremark and other leading retail marketers' insert programs.

"We are very pleased to have the opportunity to continue our work with CVS Caremark and strengthen our strategic relationship through new and exciting marketing initiatives," said Jacques Mallette, President and CEO of Quebecor World. "The extension of our relationship solidifies our commitment to CVS Caremark's retail insert program as well to providing innovative solutions that support multiple CVS Caremark marketing channels."

"We acknowledge Quebecor World as a strong strategic partner for our retail insert and related marketing programs and are excited to proceed with our relationship," says Heidi Devlin, VP Advertising for CVS/pharmacy.

"We value our role as a strategic partner and look forward to helping CVS Caremark execute innovative marketing programs with their retail insert and related print programs." said Brian Freschi, President Quebecor World Marketing Solutions Group.

Quebecor World, a global leader in the commercial print industry, has been a strategic partner with CVS Caremark for over 15 years.

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 Quebecor World Inc.'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, including, but not limited to, factors and assumptions relating to the Company's ability to emerge from the insolvency proceedings, 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 and (copies of which are available on 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.

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 highly unlikely that the Company's existing Multiple Voting Shares, Redeemable First Preferred Shares and Subordinate Voting Shares will have any value following the implementation of any plan of reorganization.

Unless mentioned otherwise, the forward-looking statements in this press release reflect the Company's expectations as of April 15, 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 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 20,000 employees working in approximately 90 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, Mexico, and Peru.

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Contact Information

  • Quebecor World Inc.
    Tony Ross
    Vice President, Communications
    Quebecor World Inc.
    Roland Ribotti
    Vice President, Corporate Finance and Treasurer