RR Donnelley Awarded $70 Million Multi-Year Crain Communications Inc. Contract
November 07 2006 - 3:05PM
PR Newswire (US)
Agreement Includes Print and Logistics Services for 18 Weekly,
Biweekly and Monthly Magazines CHICAGO, Nov. 7
/PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company
(NYSE:RRD) has been awarded a multi-year contract extension to
provide the major share of Crain Communications' magazine printing
and logistics services. Founded over 90 years ago, the 30 magazine
titles of this privately held publishing company provide vital news
and information to both industry leaders and consumers. The
projected contract term value of this agreement is approximately
$70 million and it both renews existing business and awards new
work. Keith Crain, Chairman Crain Communications, stated, "After a
careful review of marketplace options, we are pleased with our
decision to extend our 20 year relationship with RR Donnelley.
While our two companies have successfully worked together over the
years to optimize our print production and distribution processes,
there still remains an ongoing focus on exploring new ideas and
technologies. Our expectations are that we will continue to benefit
from RR Donnelley's understanding of our business and the industry
for the future." John Paloian, Group President, RR Donnelley
Publishing & Retail Services added, "We are delighted to have
this long-term customer elect to secure our relationship for the
years ahead. After having worked together for 20 years, our
operating teams have become so well integrated that they function
as a single cohesive unit, enabling us all to increase the speed
and efficiency with which we manage the production process. We
recognize that customers such as Crain Communications have options
when considering with whom they want to do business and we are very
proud that RR Donnelley continues to be their primary printer of
choice." About RR Donnelley RR Donnelley (NYSE:RRD) is the world's
premier full-service provider of print and related services,
including business process outsourcing. Founded more than 140 years
ago, the company provides solutions in commercial printing, direct
mail, financial printing, print fulfillment, labels, forms,
logistics, call centers, transactional print-and-mail, print
management, online services, digital photography, color services,
and content and database management to customers in the publishing,
healthcare, advertising, retail, technology, financial services and
many other industries. The largest companies in the world and
others rely on RR Donnelley's scale, scope and insight through a
comprehensive range of online tools, variable printing services and
market-specific solutions. For more information, visit the
company's web site at http://www.rrdonnelley.com/ . Use of
Forward-Looking Statements This news release may contain
"forward-looking statements" as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Readers are cautioned not
to place undue reliance on these forward-looking statements and any
such forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this news
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements.
Readers are strongly encouraged to read the full cautionary
statements contained in RR Donnelley's filings with the SEC. RR
Donnelley disclaims any obligation to update or revise any
forward-looking statements. DATASOURCE: R.R. Donnelley & Sons
Company CONTACT: Media, Doug Fitzgerald, Senior Vice President
Marketing & Communications, +1-630-322-6830, , or Investors,
Dan Leib, Senior Vice President Finance, +1-312-326-7710, , both of
R.R. Donnelley & Sons Company Web site:
http://www.rrdonnelley.com/
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