Montreal and Mexico City Quebecor World Inc. today announced that it had signed a major long-term directory printing contract with Mexico's leading directory publisher, ADSA, a subsidiary of Telmex. Telmex is Mexico's largest telecommunications company. The agreement will result in the printing of a significant portion of Mexico's directories in a new multi-million dollar facility in Mexico City. The contract is for three years with a two-year option. Quebecor World Latin America signed the agreement with directory publisher ADSA to print approximately 14 million Mexican directories per year or 20 billion pages. This is more than all the pages Quebecor World prints for Bell Canada. Charles G. Cavell, President and CEO of Quebecor World stated, "We are honored to sign this enabling contract with Mexico's foremost communications firm. The volumes in the contract support a significant investment in a Mexico City based plant. Our willingness to invest and to employ approximately 300 local people is, in part, because of the positive business climate that now exists in Mexico. This will significantly enhance our investment in the platform of the Americas. Many economists believe trade between Mexico and the United States will be larger than trade between the U.S. and Canada within five years. This contract with ADSA and the new plant is a clear step in expanding Quebecor World's presence in this key market." ADSA has demanding standards for quality and delivery. The new Mexican facility, backed by the Quebecor World network, will ensure their rapidly growing print demands are satisfied in a state of the art domestic location. Quebecor World is a leading supplier of directories in the America's servicing publishers in Argentina, Brazil, Peru, Mexico, the Caribbean, Central America, the United States and Canada. Quebecor World confirmed that it is in final discussions regarding the establishment of a multi-press directory printing facility in the Mexico City region. The facility will have state-of-the-art computer-to-plate equipment and will be linked by satellite to Quebecor World's directory plants in North and South America. Additional backup support for the contract will be provided by Quebecor World's network of directory plants in the United States.