Transcontinental Reports Gains for Fiscal Year Despite Q4 Loss

“I am convinced that we have the assets, organizational capability, growth strategy, values and people to stay in the top ranks of our industry in North America. Conditions look difficult for 2009, but we will benefit from the start of our contracts to print Rogers Communications’ magazines and the San Francisco Chronicle daily, as well as from the full-year impact of the Shoppers Drug Mart-Pharmaprix flyer-printing contract, acquisitions made in 2008 and the launch of new products in the Media sector. I have also asked our people to immediately identify ways we could reduce our production capacity if the economic situation demands it and our action plan is ready.”