RR Donnelley Applauds Congressional Passage of Landmark Postal Reform Accountability and Enhancement Act
10 December 2006 - 7:23AM
PR Newswire (US)
Bill Establishes Mechanism for Controlling Future Postage Costs and
Creates Stable and Predictable Postal Environment for Catalog,
Direct Response and Other Mailers CHICAGO, Dec. 9
/PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company
(NYSE:RRD) applauds the United States Congress for its passage of
the Landmark Postal Reform Accountability and Enhancement Act. This
is the first important piece of legislation significantly to reform
the laws governing the nation's postal service in more than 30
years. "We are delighted that our efforts over many years, in
cooperation with many of our leading customers and others,
contributed to the passage of this legislation that is so vital to
the continuing growth of the mailing industry," said RR Donnelley
CEO Mark A. Angelson. "We are particularly grateful for the
steadfast leadership of Senators Susan Collins, Thomas Carper,
Richard Durbin and Joseph Lieberman, and to House Members Chairman
Tom Davis, Danny K. Davis, Henry Waxman and John McHugh. We
congratulate the House and Senate on this great step forward for
the USPS and for the mailing industry that supports it." The Postal
Reform And Accountability Act provides a mechanism for controlling
pricing that will replace a lengthy rate-setting process with more
predictable, manageable price adjustments, held at or below the
rate of inflation with a cap tied to the consumer price index. "RR
Donnelley's unmatched Logistics capabilities create opportunities
for our customers to minimize their postal costs, as we efficiently
deliver mail deep into the postal stream," continued Angelson. "In
concert with this model public- and private-sector cooperation,
successful Postal Reform positions print to continue its growth as
the leading medium for publishers, catalogers and direct response
mailers." About RR Donnelley RR Donnelley (NYSE:RRD) is the world's
premier full-service provider of print and related services,
including business process outsourcing. Founded more than 140 years
ago, the company provides solutions in commercial printing, direct
mail, financial printing, print fulfillment, labels, forms,
logistics, call centers, transactional print-and-mail, print
management, online services, digital photography, color services,
and content and database management to customers in the publishing,
healthcare, advertising, retail, technology, financial services and
many other industries. The largest companies in the world and
others rely on RR Donnelley's scale, scope and insight through a
comprehensive range of online tools, variable printing services and
market-specific solutions. For more information, 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. Media Contacts: Doug Fitzgerald, Senior
Vice President Marketing & Communications Tel: 630-322-6830
E-mail: Investor Contact: Dan Leib, Senior Vice President - Finance
Tel: 312-326-7710 E-mail: DATASOURCE: R.R. Donnelley & Sons
Company CONTACT: Media: Doug Fitzgerald, Senior Vice President
Marketing & Communications, +1-630-322-6830, , or Investors:
Dan Leib, Senior Vice President - Finance, +1-312-326-7710, , both
of R.R. Donnelley & Sons Company Web site:
http://www.rrdonnelley.com/
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