Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

August 18, 2008 14:07 ET

Quebecor World Extends Long-Term Partnership With PARADE Magazine

MONTREAL, CANADA--(Marketwire - Aug. 18, 2008) - Quebecor World Inc. (TSX:IQW) is pleased to announce it has renewed and extended its long-term partnership with PARADE Publications, to print 100% of PARADE Magazine in the U.S.

PARADE, a division of Advance Magazine Publishers, Inc., is one of the premier Sunday Magazines in the U.S. with more than 71 million weekly readers. PARADE is distributed across the continent in more than 400 Sunday newspapers.

"We are very pleased to be able to extend this important and valued partnership with PARADE. The relationship between PARADE and Quebecor World spans 35 years and we are proud to continue to produce PARADE Magazine," said Jacques Mallette, President and CEO Quebecor World.

"Quebecor World's commitment to customer service and quality were the key factors in our decision to renew with Quebecor World. In addition to consistent performance, Quebecor World provided us with capabilities unmatched in the marketplace," said John Beni, Vice Chairman PARADE Magazine.

"Our coast-to-coast manufacturing platform creates significant value for national customers such as PARADE. Every week we are able to provide PARADE and its readers with a top-quality product that is produced closer to their readers thereby reducing cycle time and delivery costs. Our national platform and our commitment to customer service are what makes us the leader in the production of Sunday Magazines and retail inserts," said Brian Freschi, President Marketing Solutions 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.

The forward-looking statements in this press release reflect the Company's expectations as of August 18, 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 (Canada), and various U.S. subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

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 24,000 employees working in more than 100 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, India, 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