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NewspaperDirect Breaks Mold to Enable Foreign Newspapers to Be Printed in China

Wednesday, August 09, 2006

Press release from the issuing company

VANCOUVER, British Columbia--Aug. 8, 2006-- NewspaperDirect, Inc., the world leader in digital print-on-demand newspaper distribution, announced this week that it has signed an agreement with Beijing Founder Easiprint Co. Ltd. (Founder), a part of the $3-billion revenue (USD) Founder Group, which will enable, for the first time, foreign newspapers to be printed in the People's Republic of China. The agreement provides Founder with distribution and printing rights throughout China for all NewspaperDirect's hundreds of print-on-demand newspaper titles. Both companies see the agreement as an important step in opening the country to foreign media, especially in the run-up to the 2008 Beijing Olympics. Starting in August 2006, NewspaperDirect and Founder will be providing overseas business people visiting or living in the world's fastest-growing economy with same-day access to their favourite newspapers. Through this agreement, Founder Easiprint's rapidly growing chain of over 200 franchised print shops in China will be authorized to print any of the titles published by NewspaperDirect's publishing partners. These titles include The New York Times, Wall Street Journal, Washington Post, Los Angeles Times, Chicago Tribune (USA), The Times, The Daily Mail, Daily Telegraph (UK), Le Monde, Le Figaro (France), Frankfurter Allgemeine Zeitung (Germany), Neue Zurcher Zeitung (Switzerland), Mainichi Shimbun (Japan), The Globe and Mail and National Post (Canada). "This is an historic agreement for NewspaperDirect and all of our publishing partners," adds Mr. Kroogman. "For publishers this provides an exciting opportunity to be in at the ground floor of foreign newspaper distribution in China. The country is visited by many more foreigners each year, and they will now be able to receive same-day, digitally printed copies of their favorite daily newspapers. We are now working with the world's publishers to quickly increase the number of titles available though our network." The target markets for the service are hotels, subscriptions addressed to foreigner apartments and businesses, embassies, and government and educational institutions. "We are excited by the opportunity to partner with NewspaperDirect to print and distribute the world's press in China," said Mr. Qi Degui, General Manager of Founder Easiprint Co., Ltd. "We are honored to be the first company allowed to print foreign newspapers in China. We intend to work hard, in conjunction with NewspaperDirect, to make this a successful business venture. We feel that as China continues on its growth path as a global business leader, there will be more demand for understanding world economics and politics, which is where this service fits."




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