Update: Quebecor Inc. Delays First Quarter 2008 Results
June 04 2008 - 5:00PM
Marketwired
MONTREAL, QUEBEC (TSX: QBR.B) delayed the release of its
consolidated financial statements for the first quarter ended March
31, 2008. In accordance with applicable securities regulation, the
corporation has the obligation to issue bi-monthly status update
reports as long as the consolidated financial statements are not
filed.
Quebecor announced today that the corporation will be able to
file its consolidated financial statements for the first quarter
ended March 31, 2008, together with its Management Discussion and
Analysis for the same period, on June 10, 2008.
Forward-looking statements
The statements in this press release that are not historical
facts are forward-looking statements and are subject to significant
known and unknown risks, uncertainties and assumptions which could
cause Quebecor Inc.'s actual results for future periods to differ
materially from those set forth in the forward-looking statements.
Certain factors that may cause actual results to differ from
current expectations include seasonality (including seasonal
fluctuations in customer orders), operating risk (including
fluctuations in demand for Quebecor Inc.'s products and pricing
actions by competitors), risks associated with capital investment
(including risks related to technological development and equipment
availability and breakdown), environment risks, risks associated
with labour agreements, commodity risks (including fluctuations in
the cost and availability of raw materials), credit risk, financial
risks, debt risks, risks related to interest rate fluctuations,
foreign exchange risks, government regulation risks, risks related
to tax changes and changes in the general political and economic
environment. Investors and others are cautioned that the foregoing
list of factors that may affect future results is not exhaustive
and that undue reliance should not be placed on any forward-looking
statements. For more information on the risks, uncertainties and
assumptions that could cause Quebecor Inc.'s actual results to
differ from current expectations, please refer to Quebecor Inc.'s
public filings available at www.sedar.com and www.quebecor.com
including, in particular, the "Risks and Uncertainties" section in
Quebecor Inc.'s Management Discussion and Analysis for the year
ended December 31, 2007 and the "Risk Factors" section of Quebecor
Inc.'s 2006 Annual Information Form.
The forward-looking statements in this press release reflect
Quebecor Inc.'s expectations as of June 4, 2008, and are subject to
change after that date. Quebecor Inc. expressly disclaims any
obligation or intention to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
About Quebecor Inc.
Quebecor Inc. (TSX: QBR.A)(TSX: QBR.B) is a holding company with
interests in two companies, Quebecor Media Inc. and Quebecor World
Inc. Quebecor holds a 54.7% interest in Quebecor Media, which owns
operating companies in numerous media-related businesses: Videotron
Ltd., the largest cable operator in Quebec and a major Internet
Service Provider and provider of telephone and business
telecommunications services; Sun Media Corporation, the largest
publisher of newspapers in Canada; Quebecor MediaPages, a publisher
of print and online directories; TVA Group Inc., operator of the
largest French-language over-the-air television network in Quebec,
a number of specialty channels, and the English-language
over-the-air station Sun TV; Canoe Inc., operator of a network of
English- and French-language Internet properties in Canada; Nurun
Inc., a major interactive technologies and communications agency
with offices in Canada, the United States, Europe and Asia;
magazine publisher TVA Publishing Inc.; book publisher and
distributor Quebecor Media Book Group Inc.; Archambault Group Inc.
and TVA Films, companies engaged in the production, distribution
and retailing of cultural products, and Le SuperClub Videotron
ltee, a DVD and console game rental and retail chain. Quebecor
World is a commercial print media services company with operations
in North America, Europe, Latin America and Asia.
Contacts: Louis Morin Vice President and Chief Financial Officer
514-380-1912 Luc Lavoie Executive Vice President, Corporate Affairs
514-380-1974 514-947-6672 (mobile) Lavoie.luc@quebecor.com
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