Worldcolor
TSX : WC
TSX : WC.U

Worldcolor

May 17, 2010 13:21 ET

Worldcolor Announces New High-Speed Digital Ink Jet Press and Bind System Solution for Short-Run Books

System to also produce versioned and variable magazines, catalogs and high-end direct mail

MONTREAL, CANADA--(Marketwire - May 17, 2010) - Worldcolor (TSX:WC)(TSX:WC.U) today announced that it has partnered with Kodak and Muller Martini to create a breakthrough technology solution for producing short-run books. Worldcolor's new FastBook Digital system uniquely integrates and automates book prepress, digital printing and finishing in-line to achieve a seamless files-in/books-out solution. The system will produce up to 1,000 books an hour in color and black and white with quality levels and a price point superior to many conventional short-run book manufacturing applications. The system can also be configured in future applications to produce versioned and variable magazines, catalogs and high-end direct mail.

The FastBook Digital system, which can be supported by as few as two operators, will offer a shorter-run, quicker-turn production option for publishers seeking to decrease book obsolescence waste, reduce forecasting risks and better manage book inventories. Run lengths up to 3,500 copies are expected to show customer benefits when compared to conventional alternatives. The system also will complement Worldcolor's new Custom Publishing Engine solution that allows publishers to repurpose existing content into new, customized and versioned books and publications.

The Kodak Prosper 5000XL Press and the integrated Muller Martini SigmaLine finishing line are the key components of FastBook Digital. The press features Kodak's revolutionary Stream inkjet technology that is capable of delivering offset press quality at higher speeds and lower costs than previous ink jet systems. The press can print on both coated and uncoated papers, including glossy coats, over a wider range of paper basis weights than prior systems. The press' variable data, variable speeds, simple paper path and variable cut-off capabilities offer superior flexibility and utilization advantages. Muller Martini's SigmaLine technology seamlessly integrates the Kodak press with the finishing for a total digital solution to fully automate book manufacturing. The configuration entails all in-line components including the SigmaFolder fully format variable signature folder, SigmaCollator for book block creation, the revolutionary SigmaBuffer, and a fully automated perfect binding line. The total digital solution including digital printing and finishing is managed by Muller Martini's end-to-end workflow system Connex.

"FastBook Digital reflects our continuing commitment to innovation, speed and efficiency as a way of helping our book publishing customers succeed," said Brian Freschi, President, Worldcolor North America. "FastBook Digital is also part of our 'Pressroom-of-the-Future' initiative that will be transformational in terms of how our book and other operations will better serve publishers and their changing needs in a digital world. The same systems approach also will deliver unique applications and benefits to our magazine, catalog and direct mail customers. "

Another key component of FastBook Digital is a fully-automated front-end workflow solution that seamlessly integrates content file development and proofing, file management, order entry and processing: "We have worked hard to create a custom front-end solution that will make it easy for our customers to enter their work into the production workflow and manage it throughout" said Gary Durand, Executive Vice President, Operations. On-line systems and tools will give customers everything they need to leverage the full potential of this revolutionary print and bind technology."

The first FastBook Digital installation will be in Worldcolor's Dubuque, Iowa, facility and is expected to be operational in the fourth quarter of this year.

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.worldcolor.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 May 17, 2010, 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 Worldcolor

Worldcolor is an industry leader in providing high-value and comprehensive print, digital and related services to retailers, catalogers, publishers, branded-goods companies and other businesses worldwide. Founded in 1903, Worldcolor's products include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics and mail list technologies. During its century-long existence, Worldcolor has had a rich tradition of leadership and excellence. Its team of approximately 16,500 employees is focused on helping clients meet their needs from facilities located in the U.S., Canada, Argentina, Brazil, Chile, Colombia, Mexico and Peru. More information about Worldcolor can be found on its Web site at www.worldcolor.com

Contact Information

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