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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For JUNE 20, 2000
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QUEBECOR WORLD INC. (FORMERLY KNOWN AS QUEBECOR PRINTING INC.)
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(Translation of Registrant's Name into English)
612 SAINT-JACQUES STREET, MONTREAL, QUEBEC, CANADA H3C 4M8
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(Address of Principal Executive Office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)
Form 20-F Form 40-F X
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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PRESS RELEASE OF
QUEBECOR WORLD INC.
(FORMERLY KNOWN AS QUEBECOR PRINTING INC.)
FILED IN THIS FORM 6-K
June 20, 2000
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[LOGO] [LOGO]
JUNE 20, 2000 17/00
FOR IMMEDIATE RELEASE Page 1 of 3
QUEBECOR WORLD AND NURUN FORM STRATEGIC ALLIANCE
ALLIANCE TO CREATE INTERNET-BASED PUBLISHING SOLUTIONS FOR LARGE RETAILERS AND
PUBLISHERS
MONTREAL - Mr. Charles Cavell, President and Chief Executive Officer of Quebecor
World Inc. (NYSE, TSE: IQW), and Mr. Jacques Malo, President and Chief Executive
Officer of NURUN Inc. (TSE: IFN), announced today that their companies have
signed a memorandum of understanding concerning a strategic agreement that will
allow Quebecor World to better serve its global customer base by coupling the
technology expertise of NURUN with the digital capabilities of Quebecor World.
Among other things, the partnership with NURUN will allow Quebecor World to
maximize the benefit to its clients of the focused deployment of its digital and
pre-media assets through the recent creation of its wholly-owned subsidiary,
Que-Net Media. NURUN will also become a preferred supplier of e-commerce and
Web-based solutions for Quebecor World. Closing is expected to occur by the end
of July and is subject to signing of definitive agreements and regulatory
approvals.
The five-year agreement will include a revenue commitment from Quebecor World of
US$40 million. Based on the principle of a long-term commitment from Quebecor
World, NURUN has agreed to issue 500,000 units, each unit consisting of one
share and one 5-year warrant convertible into a common share of NURUN, at an
issue price and exercise price, respectively, of CDN$40.00, corresponding to the
closing price of NURUN's common shares on June 13, the day preceding approval of
the transaction by NURUN's Board of Directors. NURUN currently intends to use
proceeds from this share issuance of CDN$ 20 million for potential business
acquisitions in the area of automated publishing systems.
The three principal elements of the agreement include:
1. JOINT MARKETING INITIATIVES
Quebecor World and NURUN will develop joint marketing initiatives with the
objective of providing Quebecor World's clients access to NURUN's full
suite of e-commerce and Web-based automated publishing solutions. NURUN's
software expertise will complement and enhance Quebecor World's pre-media
product and service offering.
2. NURUN AS PREFERRED SUPPLIER OF QUEBECOR WORLD
NURUN will become a preferred supplier of Quebecor World for internal
operations, including the development of Internet-based applications,
Internet sites, and the management of Quebecor World's intranet. NURUN will
therefore become a key partner of Quebecor World in the development and
deployment of new Web-based corporate systems.
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FOR IMMEDIATE RELEASE Page 2 of 3
3. DEVELOPMENT OF CORPORATE E-COMMERCE AND IT STRATEGY
Quebecor World will mandate NURUN to develop a corporate-wide e-commerce
and IT strategic plan. This plan will outline the strategy and the key
projects needed for Quebecor World to accelerate its use of the Internet
as a strategic tool both internally and externally. NURUN is already
assisting Quebecor World in rolling out its web-based global procurement
system for strategic resources such as ink and paper.
NURUN intends to partner with leading software vendors in each of these
categories, if and as required, to offer Quebecor World a complete and
best-in-class set of solutions.
"There is demonstrated value to an integrated approach to online and traditional
printed media," said Mr. Charles Cavell, President and CEO of Quebecor World.
"Our objective is to fully exploit the potential of the Internet for our
customers and shareholders alike. I believe this agreement will provide the
foundation for new and innovative solutions that will benefit our clients. The
merger with World Color created the largest printer in the world. It is now
imperative that we develop and implement an information technology strategy that
wil allow Quebecor World to reach new levels of operating efficiency."
Mr. Jacques Malo, President and CEO of NURUN, believes this agreement clearly
demonstrates NURUN's commitment to exploit the full potential of its
relationship with Quebecor's group of companies. "Our vision is to become the
leading provider of Internet-based automated publishing and catalog management
solutions for the benefit of Quebecor World's clients. We intend to accelerate
our expansion in this particular area and our acquisition program will target
innovative providers of solutions in these areas."
"Quebecor strongly believes that there are unique synergies to be achieved
between companies like Quebecor World and NURUN," said Pierre-Karl Peladeau,
President and CEO of Quebecor Inc. "Our worldwide clients are moving rapidly to
the Internet as a new channel for product delivery. While print media remain a
key element of their strategy, they are looking for integrated Web solutions as
well. Quebecor, Quebecor World and NURUN represent a unique opportunity for our
clients in this regard."
The memorandum of understanding was reviewed by a Special Committee composed of
independent members of NURUN's Board of Directors.
QUEBECOR WORLD INC.
Quebecor World Inc. (NYSE, TSE: IQW) is the largest commercial print media
services company in the world. The Company is a 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 over 40,000 employees working in more than 160 printing and related
facilities in the United States, Canada, France, the United Kingdom, Spain,
Germany, Austria, Sweden, Finland, Chile, Argentina, Peru, Colombia, Mexico and
India.
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FOR IMMEDIATE RELEASE Page 3 of 3
NURUN INC.
NURUN Inc. (TSE: IFN), a subsidiary of the Quebecor Inc. group, is an
information technology company providing e-commerce, Web integration and
automated publishing solutions for corporate and public sector clients in North
America, Europe and select locations around the world. NURUN employs more than
1100 professionals in its various offices in Montreal, Quebec, Toronto, Ottawa,
Seattle, New York, Boston, Chicago, Santiago and Paris.
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INFORMATION:
QUEBECOR WORLD INC.
Charles Cavell
President and Chief Executive Officer
(514) 954-5185
Claire Lanctot
Special Projects
(514) 877-5191
NURUN INC.
Jacques Malo
President and Chief Executive Officer
(514) 392-1292
Diane Labelle
Vice President, Communications
(514) 392-4341
[email protected]
www.nurun.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
QUEBECOR WORLD INC.
By: (Signed) Claudine Tremblay
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Name: Claudine Tremblay
Title: Assistant Secretary
Date: June 28, 2000
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