Worldcolor Appoints Dan Scapin as President of Logistics and Premedia
Tuesday, September 22, 2009
Press release from the issuing company
Montréal, Canada – World Color Press Inc. ("Worldcolor") is pleased to announce the appointment of Daniel J. Scapin as President of Logistics and Premedia.
"Dan is a very welcome addition to our team. His experience in our industry and his world-class expertise in the logistics business will be a great benefit to Worldcolor as it enters the next great chapter of its evolution," said Mark Angelson, Chairman and CEO of Worldcolor.
Mr. Scapin brings over 30 years of experience improving operations and building sustainable growth companies in the logistics industry. He has served as President of Logistics at each of RR Donnelley, Moore Wallace and Quebecor World, and was responsible for the creation and growth of the world's largest print logistics businesses. Mr. Scapin also advised Vertis and American Color Graphics on their integration and synergy planning, Royal Mail (UK) Logistics/Digital Printing in its operations redesign and he was a Special Advisor to multiple groups in the U.S. postal industry.
Worldcolor also announced that it has expanded its co-mail platform by opening an additional facility in Dyersburg, TN, representing Worldcolor's third strategically located co-mail facility in North America. Dyersburg, TN joins Bolingbrook, IL and Somerset, NJ to form a regionally focused platform that reduces costly cross-country freight, increases processing capacity and boosts the overall efficiency of Worldcolor's co-mail network. Worldcolor continues to make aggressive strides toward being the fastest and most flexible co-mail provider in the industry.
By creating three regionally located co-mail facilities in the Midwest, Northeast and Midsouth, Worldcolor Logistics is able to shift co-mail capacity closer to customers' target markets. This expanded platform offers many benefits to Worldcolor customers, including: greater postal penetration, reduced cycle time and greater scheduling flexibility. Worldcolor is an industry leader in co-mail capacity with nine SIM Products' co-mail machines in all.
"Distributive co-mail gives Worldcolor a distinct advantage in the industry. We now can shift the work load throughout our three regional facilities, streamlining production within our system, allowing us to increase overall program efficiency. The distributive platform creates more effective co-mail pools with output closer to our customers' end destinations. The net result is a platform that reduces cycle time and maximizes postal discounts", said Mr. Scapin.
"Worldcolor has been at the forefront of developing co-mail technology for over twenty years. We continuously evaluate our process to make sure that we are selling the most comprehensive service to our customers. Distributive co-mail is an evolving platform that developed from a need to offset escalating postal rates and to help mitigate rising distribution costs," said Mr. Angelson. "By printing, presorting and collating media closer to its end destination whenever possible, we are developing solutions for our customers that utilize the cost savings of our mailing services as well as the regional advantage of our strategically located facilities."
Worldcolor provides logistics and mail list services for both Worldcolor and third party customers, managing distribution and mailing services for catalogs, direct mail, magazines (subscriber copies and newsstand), newspaper inserts, books and bulk printed products. Tracking and tracing services are also available.
To the extent any statements made in this press release contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are forward-looking information within the meaning of the "safe harbor" provisions of applicable Canadian securities legislation (collectively "forward-looking statements"). These forward-looking statements relate to, among other things, prospects of the Company's (the "Company") industry and its objectives, goals, strategies, beliefs, intentions, plans, estimates, projections and outlook, and can generally be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms, variations on them and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. The Company has based these forward-looking statements on its current expectations about future events. Forward-looking statements do not take into account the effect of transactions or other items announced or occurring after the statements are made. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset write-downs or other charges announced or occurring after the forward-looking statements are made.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct, and forward-looking statements inherently involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such forward-looking statements.
Important factors and assumptions as well as the Company's ability to anticipate and manage the risks associated therewith that could cause actual results to differ materially from these expectations are detailed from time to time in the Company's filings with the U. S. Securities and Exchange Commission ("SEC") and the securities regulatory authorities in Canada, available at www.sec.gov and www.sedar.com (copies of which are available on www.worldcolor.com). The Company cautions that any such list of important factors that could affect future results is not exhaustive. Investors and others should carefully consider the factors detailed from time to time in the Company's filings with the SEC and the securities regulatory authorities in Canada and other uncertainties and potential events when relying on its forward-looking statements to make decisions with respect to the Company.
Unless mentioned otherwise, the forward-looking statements in this press release reflect the Company's expectations as of September 21, 2009, being the date at which they have been approved, and are subject to change after this date. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.