Worldcolor
TSX : WC
TSX : WC.U

August 27, 2009 15:24 ET

World Color Wins Multi-Year Contract Renewal From Pace Communications

MONTREAL, CANADA--(Marketwire - Aug. 27, 2009) - World Color Press Inc. (formerly Quebecor World) (TSX:WC)(TSX:WC.U) is pleased to announce the renewal of a multi-year agreement with Pace Communications. Under the terms of this agreement, World Color will extend an existing 20-year relationship with Pace Communications for the production of their Custom Publications. These publications include the premier titles of many blue chip companies, including US Airways, Toyota, California State Automobile Association, Four Seasons, Wachovia and Exclusively Weddings.

Pace Communications is a leading developer of customized magazines, web sites, catalogs, books, videos and e-commerce solutions; serving many industries including travel, automotive, luxury retail, finance and new technology. "World Color has continuously provided exceptional customer service. They execute our programs on-time and provide our customers with a consistent top-quality product. World Color's platform perfectly compliments our program needs on numerous levels and we couldn't be happier with this partnership," stated Ed Calfo, Executive Vice President of Pace Communications.

World Color's integrated rotogravure and offset production platform is a critical component to the successful production of many in-flight magazines, catalogs and direct mail programs for Pace Communications. As a full service provider, World Color is able to seamlessly provide print and distribution services including in-line and off-line co-mail, planet code and list processing; all of which generate scheduling flexibility, reduced cycle times and significant postal savings for our customers.

"World Color is delighted to have earned the trust and confidence of Pace Communications as demonstrated by this contract renewal. It's a great opportunity to strengthen our existing relationship and to further provide innovative solutions for their custom publications and multichannel marketing programs," said Brian Freschi, President World Color Marketing Solutions Group.

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 the Company'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, 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.

Unless mentioned otherwise, the forward-looking statements in this press release reflect the Company's expectations as of August 27, 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 the Company

The Company is a world leader in providing high-value, complete marketing and advertising printing 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. The Company 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

  • Tony Ross
    Vice President, Communications
    514-877-5317
    800-567-7070
    or
    Roland Ribotti
    Vice President, Corporate Finance and Treasurer
    514-877-5143
    800-567-7070