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Quebecor wins $100 mln deal with Boardroom

Friday, April 24, 2009

Press release from the issuing company

MONTREAL, CANADA -- Quebecor World Inc. has signed a multi-year agreement valued at approximately $100 million with Boardroom Inc., covering the printing and distribution of millions of newsletters, books, special reports and more. The agreement with the Stamford, CT based company represents a more than six-fold increase in Quebecor World business volume with the company, taking full advantage of Quebecor World's multi-plant, multi-product North American platform.

Boardroom is best known for its "Bottom Line" series of newsletters and related books and special reports. Its flagship Bottom Line/Personal newsletter is read by well over a million readers and is considered the most widely read newsletter ever published. There are additional Bottom Line newsletters in the health, retirement and planning subject areas. Equally successful and popular are Boardroom-published and marketed books covering a similar range of subject areas.

Jacques Mallette, President and CEO of Quebecor World, said the Boardroom agreement is an important win for Quebecor World: "We appreciate the confidence Boardroom has placed in us by awarding Quebecor World this long-term agreement for almost all of their major print work and related distribution. As a company that has built a hugely successful publishing business on the basis of providing solid bottom line advice to people throughout the world, Boardroom's decision to award us this large increase in volume across multiple product lines is particularly gratifying."

Kevin J. Clarke, President of Quebecor World's Publishing Services Group, added that the Boardroom decision is the latest validation of Quebecor World's decision earlier this year to combine its book, magazine and directory operations into a fully integrated platform: "Boardroom sees the value of our integrated solution approach. We will be serving Boardroom from facilities across the U.S. and across the service spectrum from newsletters to books to direct mail to mailing and logistics."

Brian Kurtz, Executive Vice President of Boardroom, is very excited about the partnership with Quebecor World which is expected to yield numerous bottom line improvements for the company: "When we say our vendors are our partners we don't just say it - we mean it. This new partnership with Quebecor World goes way beyond printing. They will be a key player for us in all of our company initiatives for many years to come."




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