RR Donnelley Awarded $60 Million Multi-Year BOOKSPAN Contract Extensions17 February 2006
R.R. Donnelley & Sons Company (NYSE: RRD) has been awarded multi-year contract extensions by BOOKSPAN(R), the premier direct marketer of general interest and specialty book clubs. With more than 8 million members, its book clubs include Book-Of-The-Month- Club(R), The Literary Guild(R), Quality Paperback Book Club(R), Doubleday Book Club(R) and more than 40 others. BOOKSPAN's partnership interests are held by Doubleday Direct, Inc., a subsidiary of Bertelsmann Inc. and Book-of-the-Month Club Holdings LLC, a subsidiary of Time Inc. These contracts, having a projected term value in excess of $60 million, will utilize RR Donnelley's entire North American book manufacturing platform, and extend a mutually beneficial relationship that has been in place with BOOKSPAN predecessor companies for more than 40 years. Markus Wilhelm, BOOKSPAN's President and Chief Executive Officer, stated, "RR Donnelley remains a trusted partner whose breadth of manufacturing capabilities is well-suited to effectively support the diverse product and service needs of our many book clubs. RR Donnelley's proven track record of providing BOOKSPAN with high quality production services and timely delivery on millions of books is important in meeting the expectations of our customers. We are pleased to be extending the term of our relationship." John Paloian, RR Donnelley Group President, Publishing & Retail Services, commented, "We are always delighted when a long-standing customer such as BOOKSPAN elects to extend their relationship with us. We remain committed to maintaining our customer-centric focus throughout our entire organization, as we join our customers in maximizing the effectiveness of their printed products." About RR Donnelley RR Donnelley (NYSE: RRD) is the world's premier full-service provider of print and related services, including document-based business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, forms and labels, 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.
Source: prnewswire
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