Dex Media Enters Into New, Expanded Directory-Printing Relationship With Quebecor World
31 Marzo 2005 - 4:25PM
PR Newswire (US)
Dex Media Enters Into New, Expanded Directory-Printing Relationship
With Quebecor World DENVER, March 31 /PRNewswire-FirstCall/ -- Dex
Media, Inc. (NYSE:DEX) today announced it has entered into a new
10-year contract with Quebecor World Inc. (NYSE: IQW; TSX: IQW.SV)
for the printing of Dex Media's yellow and white page directories.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030506/DEXLOGO) The
new agreement expands the existing relationship between Dex Media
and Quebecor, pursuant to which Quebecor presently prints more than
200 Dex Media directories. Under the new agreement, Quebecor World
will progressively increase the volume of directories it produces
for Dex and in 2012 will become the sole printer of all directories
currently published by Dex Media. In 2004, Dex Media published 269
directories and printed approximately 44.5 million copies of these
directories for distribution throughout its 14 state region. "Dex
Media is pleased to expand the scope of its printing relationship
with Quebecor," said George Burnett, Dex Media's president and CEO.
"In addition to meeting our growing need for high-quality printed
directories, this agreement will enable us to realize operational
efficiencies throughout the term of the contract. These
efficiencies will play a significant role in enabling us to achieve
our goal of maintaining margins and enhancing our competitiveness."
"We are very pleased that Dex Media has recognized the value we can
bring to their business," said Kevin Clarke, president, Quebecor
World's U.S. Book and Directory Services. "Their decision
demonstrates that our coast-to-coast directory platform is the
right choice for large, well-established directory publishers
producing long-run and shorter-run books." About Dex Media, Inc.
Dex Media, Inc. is the exclusive publisher of the official White
and Yellow Pages directories in print, Internet and CD-ROM formats
for Qwest Communications International Inc. In 2004, the company
published 269 directories for distribution to virtually all
business and residential consumers in Arizona, Colorado, Idaho,
Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota,
Oregon, South Dakota, Utah, Washington and Wyoming. In 2004, Dex
Media generated revenue of approximately $1.65 billion, excluding
the effects of purchase accounting related to the acquisition of
Dex Media West LLC. The company printed approximately 44.5 million
print directories for distribution in 2004. The company's leading
Internet-based directory, DexOnline.com(TM), is the most used
Internet Yellow Pages in Dex Media's 14-state region, according to
market research firm comScore. About Quebecor World Inc. Quebecor
World Inc. (NYSE: IQW; TSX: IQW.SV) is one of the largest
commercial printers in the world. It is a market leader in most of
its major product categories which include magazines, inserts and
circulars, books, catalogs, specialty printing and direct mail,
directories, digital pre-media, logistics, mail list technologies
and other value added services. The Company has approximately
35,000 employees working in more than 160 printing and related
facilities in the United States, Canada, Brazil, France, the United
Kingdom, Belgium, Spain, Austria, Sweden, Switzerland, Finland,
Chile, Argentina, Peru, Colombia, Mexico and India. Web address:
http://www.quebecorworld.com/. Safe Harbor for Forward-Looking and
Cautionary Statements This press release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are based on management's
current expectations and are subject to risks, uncertainty and
changes in circumstances. Actual results may vary materially from
the expectations contained in the forward-looking statements. All
statements contained in this release that are not clearly
historical in nature are forward-looking, and the words
"anticipate," "believe," "expect," "estimate," "plan" and similar
expressions are generally intended to identify forward-looking
statements. The following factors, among others, could affect
future results: continuing weakness in the U.S. economy; increased
competitive pressure from other directory publishers or media
companies; changes in interest rates or a reduction in Dex Media's
cash flow that could impair Dex Media's ability to service its debt
obligations; Dex Media's high level of indebtedness; and risks
related to the start-up of new print or Internet directories and
media services. Other factors that could materially affect actual
results can be found in Dex Media's filings with the Securities and
Exchange Commission. Many of these factors are beyond the company's
ability to control or predict. Given these uncertainties, readers
are cautioned not to place undue reliance on the forward-looking
statements, which only speak as of the date of this press release.
Dex Media undertakes no obligation to publicly update such forward-
looking statements to reflect subsequent events or circumstances.
http://www.newscom.com/cgi-bin/prnh/20030506/DEXLOGO
http://photoarchive.ap.org/ DATASOURCE: Dex Media, Inc. CONTACT:
Investors, Brooke Martellaro, +1-866-545-2900, , or media, Jerry
Brown, +1-303-784-2451, or cell, +1-303-594-8016, , both of Dex
Media; or investors, Philippe Cloutier, +1-800-567-7070
(toll-free), , or media, Tony Ross, +1-514-877-5317,
+1-800-567-7070 (toll-free), , both of Quebecor World Web site:
http://www.quebecorworld.com/ Web site: http://www.dexmedia.com/
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