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Transcontinental Gets Five-Year Contract Extension From TIME

Press release from the issuing company

MONTREAL--March 2, 2005-- Transcontinental today announced that it has signed a five-year extension to its contract to print TIME Canada. The agreement has a total value of approximately C$20 million, commencing in January 2006, and confirms Transcontinental as one of North America's top-quality magazine printers. Published 51 weeks a year, TIME Canada will continue to be printed at Transcontinental's Owen Sound, Ontario facility. TIME Magazine has been publishing a Canadian edition for over 63 years. It remains the only single-country edition of the weekly news magazine outside of the United States. "We are extremely proud that TIME Canada is so satisfied with our service and expertise that they have again chosen Transcontinental as their Canadian print partner for the next five years," said Serge Bragdon, President of Transcontinental's Information Products Printing sector. "We appreciate TIME's enduring confidence in our people and our ability to offer an effective workflow - from prepress all the way through to distribution - which enables them to minimize production time and get to market quickly. This continues to be a win-win partnership." Brooke Twyford, Director of Operations, TIME Magazine, said of the extension: "We have been extremely pleased with the quality of the Canadian edition printed by Transcontinental over the past five years. This contract renewal is a testament to Transcontinental's consistent focus on technology, staff training and customer service."