Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

May 06, 2008 12:31 ET

Quebecor World Signs a Multi-Year Contract Extension With Simon & Schuster, Inc.

MONTREAL, CANADA--(Marketwire - May 6, 2008) - Quebecor World Inc. (TSX:IQW) announced that it has been awarded a multi-year contract extension with Simon & Schuster, Inc. running through 2015. Under this new agreement Quebecor World and Simon & Schuster will continue a long standing relationship for the printing and binding of high quality hard cover and soft cover consumer books. At current levels, Quebecor World will supply Simon & Schuster with over 100 million books per year from its network of six dedicated book facilities in the United States. Terms of the agreement were not announced.

Simon & Schuster is one of the world's leading publishers. Simon & Schuster publishes and distributes general interest fiction and nonfiction for adults and children in the U.S. and internationally.

"Our dedication to providing readers with quality books requires a printer who can deliver a top-quality product, superior customer service and on-time delivery, and who is able to frequently meet a challenging schedule due to the demands of the marketplace," stated Joe D'Onofrio, Senior Vice President, Supply Chain Operations for Simon & Schuster, Inc. "Quebecor World meets these criteria and we are pleased to renew our partnership with them."

"Simon & Schuster is a global leader in book publishing and we look forward to serving them during the next seven plus years and for many years after that," said Jacques Mallette, President and CEO Quebecor World Inc. "At Quebecor World, all our people are dedicated to providing the highest value for our customers and today's announcement confirms our success."

Kevin J. Clarke, President of the Quebecor World Book and Directory Group commented, "Simon & Schuster and Quebecor World share a long history of successful partnership in the production of quality adult and children's trade books and mass market paperbacks. We are delighted that this relationship is being extended and are committed to continuing to deliver innovative and superior products and service to Simon & Schuster."

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 May 6, 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.

Quebecor World Inc. 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.

About Simon & Schuster

Simon & Schuster, a part of the CBS Corporation, is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed, electronic, and audio formats. Its divisions include Simon & Schuster Adult Publishing, Simon & Schuster Children's Publishing, Simon & Schuster Audio, Simon & Schuster Digital, and international companies in Australia, Canada, and the United Kingdom.

Web address: www.simonsays.com

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 28,000 employees working in more than 115 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, and Switzerland.

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, Investor Relations and Assistant Treasurer
    514-877-5143
    800-567-7070