Quebecor World Extends Multi-Year Agreement With Dex Media
Press release from the issuing company
MONTREAL, CANADA (June 29, 2008) - Quebecor World Inc. announced that it has signed an extended and expanded multi-year agreement with Dex Media Inc. Under this expanded agreement Quebecor World will extend by one year to 2015 its existing directory printing agreement covering Dex directories in fourteen Western and Central states. In addition, the contract expands the products to be manufactured by Quebecor World for Dex Media. These value added products offer advertisers creative, nontraditional ways of addressing the end consumer. Incremental sales are forecast at more than $25 million over the term of the agreement. Quebecor World will supply Dex Media from its Loveland, CO. plant and from its network of North American directory facilities.
"Dex Media is one of America's leading directory publishers," said Jacques Mallette, President and CEO Quebecor World. "Quebecor World is pleased to expand our relationship with them."
Kevin J. Clarke, President of Quebecor World's Publishing Services Group commented, "Dex Media and Quebecor World have worked together successfully for many years. This agreement to produce more of their valued added products is a true win - win opportunity. We are delighted to work together to support such new innovation in the directory marketplace."
Forward looking statements
This press release may include "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of Quebecor World Inc. (the "Company"), may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset writedowns or other charges announced or occurring after forward-looking statements are made.
Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com, www.sec.gov and www.quebecorworld.com. In particular, further details and descriptions of these and other factors are disclosed in the "Risk Factors" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2007.
The forward-looking statements in this press release reflect the Company's expectations as of June 27, 2008 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 the applicable securities laws.
Quebecor World Inc. is currently subject to Court protection under the Companies' Creditors Arrangement Act (Canada), and various U.S. subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy Code.
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