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HCU Communications Trinidad orders new Goss Community press

Tuesday, July 20, 2004

Press release from the issuing company

July 19th, 2004 - Goss International has taken an order from HCU Communications for a new Goss Community press to be located in Chaguanas in central Trinidad. The new press will form part of its brand new printing plant currently under construction and will enable the publisher to print its own titles. Cashyap Sharma, Circulation Manager at HCU Communications, says of the order, "We chose the Goss Community press for many reasons - improved print quality, speed, automation, color capacity and flexibility. We do not currently own a printing press so we spent a long time reviewing all the available options to us but the overall package from Goss was the best option for us. "The installation of the Goss Community press will mean that we will be able to produce our high-quality newspapers to our own production schedule and will no longer have to depend on a third party for this service. We now publish six titles, so the cost of printing will be greatly reduced once the new press is installed." The press will be configured as two four-high towers and one three-high tower in order to maximize color output. Additionally, five automatic splicers and a jaw folder have been ordered. The press is set to be on production by August 2004. The new installation will also open up a number of opportunities for the publisher. Sharma explains, "This installation will equip us with the most modern and flexible press system in the Caribbean - a distinct advantage over our competitors. We have also purchased a thermal CTP system which will shorten the print origination time, giving us more time to print and the opportunity to fully explore the contract market." According to Sharma, there are a high percentage of people in Trinidad that do not currently read a newspaper for various reasons. "We hope to be able to fill the gaps in the market that are not currently covered by existing media and provide something for everyone." Publishing investigative weekly newspapers, The Probe, and its weekend edition Weekend Edition Probe, HCU Communications also publishes entertainment weekly Rainbow Flava, fortnightly Bollywood publication Masala World, monthly educational school magazine Kids Today and the monthly Uhuru magazine about African empowerment. Employing 100 people, HCU Communications is part of the HCU Financial Group of Companies - the largest shareholder-owned financial institution in the Eastern Caribbean. Headquartered in Chaguanas in central Trinidad, branch offices are also located throughout the island. "We are very gratified that HCU chose Goss for its new operation in Trinidad," said Richard J. Sutis, President of Goss. "HCU's professional management provided high growth to allow this expansion."




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