Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

April 20, 2009 14:02 ET

Quebecor World Signs Multi-Year Renewal Agreement to Print Forbes Magazines

MONTREAL, CANADA--(Marketwire - April 20, 2009) - Quebecor World Inc. (TSX:IQW) will continue to print Forbes and related magazine titles well into the next decade under a new multi-year agreement with the New York-based publisher. The agreement includes premedia and logistics services, providing Forbes a true end-to-end service solution. It also extends a supplier relationship that has been in place more than 25 years.

Forbes is the nation's leading business magazine, with a North American circulation of more than 900,000 and published bi-weekly (26 times per year). The agreement also covers the printing and distribution of ForbesLife and ForbesLife Executive Women, as well as related ancillary printing projects.

"Forbes is one of the most distinctive and distinguished of all magazines, and we are truly honored to be its printer," said Kevin J. Clarke, President of Quebecor World's Publishing Services Group. "At a time when the business and financial worlds are in turmoil, we have been working with Forbes to make continuous improvements in cycle-time reduction. Our end-to-end solutions, which help Forbes manage production from premedia through logistics and distribution, ensure that Forbes is able to be increasingly timely and efficient in its publication delivery."

Scott Masterson, Forbes' Senior Vice President and General Manager, says: "Quebecor World's commitment to continuous improvements has been a hallmark of our business partnership over these many years. Innovations such as the premedia service center Quebecor World maintains on our site, and the extensive logistics operations that help control our distribution and postage costs, have helped us achieve optimum levels of flexibility, quality and efficiency throughout our production workflow."

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, 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 20, 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 Forbes

Forbes Media encompasses Forbes and Forbes.com, the #1 business site on the Web. The company publishes Forbes and Forbes Asia, which together reach a worldwide audience of nearly five million readers. It also publishes ForbesLife and ForbesWoman magazines, in addition to local-language licensee editions in China, Croatia, Israel, Japan, Korea, Poland, Russia, Turkey and the United Arab Emirates. www.Forbes.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 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