Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

October 15, 2008 11:41 ET

Quebecor World Surpasses 1.1 Billion Co-Mailed Catalogs and Periodicals

MONTREAL, CANADA--(Marketwire - Oct. 15, 2008) - Quebecor World Inc. (TSX:IQW) today announced it has co-mailed more than 1.1 billion catalogs and periodicals for customers in its U.S. platform within a 12 month period.

This milestone is another demonstration of Quebecor World's industry leading co-mail expertise dating back to the first inline co-mail pool developed at its Quebecor World Mt. Morris, IL facility in 1996 in partnership with Ted Hesemann, CEO of Herrschners, Inc. Today, Quebecor World offers a comprehensive array of inline and offline co-mail and mail list technology solutions to provide their customers with flexibility, multiple trim size options and predictive postage savings.

"When we started the first co-mail pool thirteen years ago Mt. Morris was co-mailing 65 million books. Today, their co-mail volume has nearly doubled. I am proud to have partnered with Quebecor World and the Mt. Morris team in the early days of co-mailing and am impressed with how far Quebecor World has taken this initiative to help customers throughout their U.S. platform as they continue to lead the industry," said Ted Hesemann, CEO of Herrschners, Inc. "Congratulations to Quebecor World on this monumental achievement," said Hesemann.

Quebecor World has designed an enhanced version of its inline co-mail offering to provide catalogers with new solutions to counter significant increases in postal rates. Benefits of this offering include predictable postage savings, multiple trim size options, weekly co-mail events as well as flexible, opt-in participation and customized reporting. This combined with Quebecor World's offline co-mail, mail list, postal affairs expertise and distribution services ensures that catalog customers have seamless access to a full suite of mailing solutions.

Earlier this year, Quebecor World Logistics became the first in the industry to offer mixed class co-mail pools to publishers and catalogers, which has since tripled in volume. As a direct result, Quebecor World Logistics recently announced plans to open a new offline co-mail facility in New Jersey as a result of growing demand for mail optimization solutions.

"Quebecor World Logistics is leading the industry in terms of speed to market, with a 2.5-day offline co-mail pool turnaround," said Brad Nathan, President Quebecor World Logistics. "This combined with the power and flexibility of our inline offering will provide our customers with a distinctive option in the catalog market."

"Our enhanced inline and offline co-mail offering provides a superior solution and maximizes postal discounts for our catalog customers," said Brian Freschi, President, Quebecor World Marketing Solutions Group. "Catalogers have been under significant pressure and we have heard the need for greater postal savings. I am happy to report that very soon we will be announcing revolutionary new technology to provide our customers with even greater flexibility and opportunities to reduce postage costs," said Freschi.

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 October 15, 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 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 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