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RR Donnelley Applauds Congressional Passage of Landmark Postal Reform

Monday, December 11, 2006

Press release from the issuing company

CHICAGO, Dec. 9 -- R.R. Donnelley & Sons Company applauds the United States Congress for its passage of the Landmark Postal Reform Accountability and Enhancement Act. This is the first important piece of legislation significantly to reform the laws governing the nation's postal service in more than 30 years. "We are delighted that our efforts over many years, in cooperation with many of our leading customers and others, contributed to the passage of this legislation that is so vital to the continuing growth of the mailing industry," said RR Donnelley CEO Mark A. Angelson. "We are particularly grateful for the steadfast leadership of Senators Susan Collins, Thomas Carper, Richard Durbin and Joseph Lieberman, and to House Members Chairman Tom Davis, Danny K. Davis, Henry Waxman and John McHugh. We congratulate the House and Senate on this great step forward for the USPS and for the mailing industry that supports it." The Postal Reform And Accountability Act provides a mechanism for controlling pricing that will replace a lengthy rate-setting process with more predictable, manageable price adjustments, held at or below the rate of inflation with a cap tied to the consumer price index. "RR Donnelley's unmatched Logistics capabilities create opportunities for our customers to minimize their postal costs, as we efficiently deliver mail deep into the postal stream," continued Angelson. "In concert with this model public- and private-sector cooperation, successful Postal Reform positions print to continue its growth as the leading medium for publishers, catalogers and direct response mailers."

 

 

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