Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

April 23, 2009 13:51 ET

Quebecor World Signs $100 Million Multi-Year Agreement With Boardroom to Print and Distribute Newsletters, Books, Special Reports and More

MONTREAL, CANADA--(Marketwire - April 23, 2009) - Quebecor World Inc. has signed a multi-year agreement valued at approximately $100 million with Boardroom Inc., covering the printing and distribution of millions of newsletters, books, special reports and more. The agreement with the Stamford, CT based company represents a more than six-fold increase in Quebecor World business volume with the company, taking full advantage of Quebecor World's multi-plant, multi-product North American platform.

Boardroom is best known for its "Bottom Line" series of newsletters and related books and special reports. Its flagship Bottom Line/Personal newsletter is read by well over a million readers and is considered the most widely read newsletter ever published. There are additional Bottom Line newsletters in the health, retirement and planning subject areas. Equally successful and popular are Boardroom-published and marketed books covering a similar range of subject areas.

Jacques Mallette, President and CEO of Quebecor World, said the Boardroom agreement is an important win for Quebecor World: "We appreciate the confidence Boardroom has placed in us by awarding Quebecor World this long-term agreement for almost all of their major print work and related distribution. As a company that has built a hugely successful publishing business on the basis of providing solid bottom line advice to people throughout the world, Boardroom's decision to award us this large increase in volume across multiple product lines is particularly gratifying."

Kevin J. Clarke, President of Quebecor World's Publishing Services Group, added that the Boardroom decision is the latest validation of Quebecor World's decision earlier this year to combine its book, magazine and directory operations into a fully integrated platform: "Boardroom sees the value of our integrated solution approach. We will be serving Boardroom from facilities across the U.S. and across the service spectrum from newsletters to books to direct mail to mailing and logistics."

Brian Kurtz, Executive Vice President of Boardroom, is very excited about the partnership with Quebecor World which is expected to yield numerous bottom line improvements for the company: "When we say our vendors are our partners we don't just say it - we mean it. This new partnership with Quebecor World goes way beyond printing. They will be a key player for us in all of our company initiatives for many years to come."

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 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.

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, the Company's existing Multiple Voting Shares, Redeemable First Preferred Shares and Subordinate Voting Shares are not anticipated to 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 23, 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 Boardroom, Inc.

Boardroom, Inc. and Bottom Line Publications were founded in 1972 by Martin Edelston, who continues as chairman of the Stamford, CT, based company. Boardroom publishes six print periodicals, two E-letters and dozens of books dedicated to fulfilling Edelston's vision to provide the best, most useful and easy-to-read answers to the many challenges of today's living.

About Quebecor World

Quebecor World Inc. 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.

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