R.R. Donnelley & Sons Company (NASDAQ: RRD) announced today
that it has reached agreement on a $100 million multi-year extension
with Verizon Wireless. Under the terms of the agreement RR Donnelley
will use its proprietary variable digital imaging capabilities to
produce, finish and mail consumer and commercial statements. This
technology will also be used to produce customer communications
associated with the billing statements for Verizon Wireless.
"RR Donnelley’s experience and digital printing capabilities are a
valuable resource for us,” said Ajay Waghray, Chief Information Officer
of Verizon Wireless. "Their ability to use multiple facilities
seamlessly during sometimes challenging production windows helps to
enable Verizon Wireless to deliver communications on tight deadlines to
customers who require printed information.” Verizon Wireless, a joint
venture of Verizon Communications and Vodafone, operates the nation’s
largest wireless voice and data network, serving 89 million customers.
"We are very pleased to continue and expand our relationship with
Verizon Wireless,” said Thomas J. Quinlan III, RR Donnelley’s President
and Chief Executive Officer. "As our R&D pipeline continues to develop
and deploy patented variable imaging innovations, RR Donnelley will be
exceptionally well positioned to help Verizon Wireless incorporate
additional innovations into its customer communications.”
About RR Donnelley
RR Donnelley (NASDAQ: RRD) is a global provider of integrated
communications. Founded more than 145 years ago, the company works
collaboratively with more than 60,000 customers worldwide to develop
custom communications solutions that reduce costs, enhance ROI and
ensure compliance. Drawing on a range of proprietary and commercially
available digital and conventional technologies deployed across four
continents, the company employs a suite of leading Internet based
capabilities and other resources to provide premedia, printing,
logistics and business process outsourcing services to leading clients
in virtually every private and public sector.
For more information, and for RR Donnelley's Corporate Social
Responsibility Report, visit the company's web site at http://www.rrdonnelley.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in
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. Readers are
strongly encouraged to read the full cautionary statements contained in
RR Donnelley's filings with the SEC. RR Donnelley disclaims any
obligation to update or revise any forward-looking statements.