LSC Communications Awarded Exclusive Multi-Year Newsstand Distribution Agreement with Penny Press
July 10 2018 - 6:30AM
Business Wire
LSC Communications (NYSE: LKSD) announced today that The Clark
Group, a division of LSC Logistics, has been awarded a multi-year
logistics agreement with Penny Press, publisher of more than 30
puzzle magazines available on newsstands throughout the United
States and Canada. Under the new agreement, LSC Logistics will
provide exclusive distribution services for Penny Press’ magazines
sold through the retail channel. Penny is currently one of the top
five publishers in the country in terms of retail sales.
President of LSC’s The Clark Group, Skip Fischer, commented,
“Penny Press has been a greatly valued customer of ours for years.
We are proud to extend our relationship, and look forward to
continually introducing new ways to increase their levels of
efficiency.”
Peter Kanter, President of Penny Press, said, “In our experience
working with Clark, we have always been impressed with their
service and resourcefulness – especially when it has been tested by
times of stress – such as having to re-route product between
wholesalers. We have built a strong relationship based on trust,
and we are very pleased to continue and expand upon our successful
partnership.”
About LSC Communications
With a rich history of industry experience, innovative solutions
and service reliability, LSC Communications (NYSE: LKSD) is a
global leader in print and digital media solutions. The company’s
traditional and digital print-related services and office products
serve the needs of publishers, merchandisers and retailers around
the world. With advanced technology and a consultative approach,
LSC’s supply chain solutions meet the needs of each business by
getting their content into the right hands as efficiently as
possible.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and 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,
including risks associated with the ability of LSC Communications
to perform as expected as a separate, independent entity and risks
associated with the volatility and disruption of the capital and
credit markets, and adverse changes in the global economy. Readers
are strongly encouraged to read the full cautionary statements
contained in LSC’s filings with the SEC. LSC disclaims any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180710005172/en/
LSC Communications Investor Relations Contact:Janet Halpin,
Senior Vice President, Treasurer and Investor RelationsTelephone:
773-272-9275E-mail: investor.relations@lsccom.com
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