Worldcolor
TSX : WC
TSX : WC.U

Worldcolor

May 19, 2010 11:21 ET

Worldcolor Signs Multi-Year Extension With Kensington Publishing to Produce Millions of Mass Market Books

MONTRÉAL, QUÉBEC, CANADA--(Marketwire - May 19, 2010) - Worldcolor (TSX:WC)(TSX:WC.U) has signed a multi-year extension agreement with Kensington Publishing to continue producing millions of mass market paperbook books for the New York-based publisher. Through its Kensington, Zebra, Pinnacle and Citadel press imprints, Kensington Publishing releases close to 500 new books per year, with its mass market line emphasizing romance, thrillers, westerns and mysteries.

The new agreement includes additional work in the form of highly decorative cover treatments that have transformed the look and feel of paperback mass market books in recent years. Worldcolor's foil-stamping, embossing, specialized ink and coating operations will be used to enhance the visual impact and appearance of Kensington covers.

Steven Zacharius, Kensington's President and CEO, said: "I'm very pleased with our continued association with Worldcolor, which now spans over 20 years. Kensington is the largest independently owned mass market publisher in the country and Worldcolor's excellence in manufacturing has enabled us to continue our growth in this area."

Brian Freschi, President, Worldcolor North American Operations, said the Kensington agreement underscores Worldcolor's strong commitment to mass market books: "We are a North American leader in mass market book production thanks to strong relationships with successful publishers like Kensington."

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 19, 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 Kensington Publishing Corp.

Kensington Publishing Corp., based in New York City, is the largest independent U.S. publisher of hardcover, trade and mass market paperback books. It publishes over 500 books annually in most fiction and non-fiction genres, including romance, mysteries, self-help and alternative health. The company also maintains a backlist of more than 3,000 titles. More information about Kensington can be found on its website at www.Kensingtonbooks.com.

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