Business
Transcontinental's annual meeting: on the theme of transformation and longevity
Transcontinental's annual meeting: on the theme of transformation and longevity
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\nFeb. 18, 2010 (Canada NewsWire Group) -- MONTREAL, Feb. 18 /CNW Telbec/ -- Transcontinental management stressed the theme of transformation, innovation and sustainable development in its review of its fiscal 2009 results at its annual meeting of shareholders.Rémi Marcoux, Executive Chairman of the Board and founder of Transcontinental, set the tone: \"The world is changing every day and this is even more true since the recent recession,\" said Mr. Marcoux. \"Transcontinental was born out of change. We will continue to evolve in pace with our customers, whether businesses or consumers, to meet their new needs and new expectations. I view the future with great confidence.\"Mr. Marcoux spoke of the economic conditions of the past year, saying that they were a major challenge. \"We achieved two things that are encouraging for the future: we did much better than most of our competitors and in the past two quarters we have outperformed our 2008 results. Plus, we did all that while continuing to invest in our development. We were able to achieve this because of our financial discipline, which has always been our hallmark.\"The founder of Transcontinental then spoke about an aspect that is very important to him: the longevity of his company. \"Transcontinental's long-term success will be assured by a profound transformation and we have already come a long way along that path. More specifically, it will come from our ability to innovate and offer our customers, whether businesses or advertisers, new services based on one-to-one marketing and new digital communication platforms. More than 1,000 people are now working on building these new services at Transcontinental.\"Mr. Marcoux pointed out that the printing industry would experience low growth in the next few years, but explained that Transcontinental is well positioned to get the most out of the situation. He noted that the mix and complementarity of the products and services offered by Transcontinental, which combine media, marketing communications and printing, are all provided through a one-stop shop. He concluded by returning to the theme of longevity: \"In the final analysis, the longevity of Transcontinental relies upon the longevity of the planet and its resources. That is why our business practices have always emphasized protection of the environment. Today we are...