Transcontinental Reports Improved Profitability in Fourth Quarter

• In 2009, capital expenditures were concentrated on the initiatives that were either absolutely necessary or strategic. Transcontinental did, however, continue to benefit from some $500 million in capital investments over the past three years, which put the organization at the head of one of the most modern platforms in North America, particularly with respect to newspapers, flyers and magazines. Its state-of-the-art equipment strengthened its lead in each of its niches. Moreover, two new exclusive six-year contracts with Rogers Communications took effect early in 2009: the first, to print all of Rogers’ magazines, and the second, to produce and print its marketing products. These two major gains are added to the full-year impact of the Shoppers Drug Mart-Pharmaprix contract and to the many new customers added in flyer and newspaper printing.