InnerWorkings, Inc. (NASDAQ:INWK), a leading global provider of managed print and promotional solutions to corporate clients, announced today an enterprise print procurement and management agreement with the Sun-Times News Group, the premier source of local news and information for the greater Chicago area.
As part of the two-year engagement, InnerWorkings will provide managed print services to help the Sun-Times News Group achieve targeted savings on the printing related to community guides, directories, maps, rack cards, labels, posters, signs, stationery, catalogs and magazines. Previously, each of Sun-Times News Group's media properties - The Chicago Sun-Times, The Beacon News, The Courier News, The SouthtownStar, The Herald News, Lake County News-Sun and The Naperville Sun and Post-Tribune - handled the sourcing, buying and management of their printed materials from various points, with numerous suppliers and little enterprise leverage.
InnerWorkings brought into focus our need for a standardized process for print sourcing, buying and fulfillment. We are confident that InnerWorkings' approach will deliver our printed materials in a quality manner while generating substantial savings, said Kevin King, Vice President of Operations at the Sun-Times News Group. InnerWorkings' approach especially resonates in these tough economic times where cost savings initiatives such as this allow us to extend critical budgets for core activities.
Our clients such as the Sun-Times News Group are increasingly seeking the resources and expertise from us to deliver meaningful savings in the procurement and management of their printed materials, said Eric D. Belcher, President and Chief Operating Officer at InnerWorkings. We are pleased that the Sun-Times recognizes the value of our quality-focused, end-to-end comprehensive solution in an often-overlooked spend category.
About InnerWorkings, Inc.
InnerWorkings, Inc. (NASDAQ: INWK) is a leading global provider of managed print and promotional solutions to corporate clients across a wide range of industries. With proprietary technology, an extensive supplier network and domain expertise, the Company procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution. The Company is based in Chicago with other offices in the United States and in the United Kingdom. For more information on InnerWorkings, visit: www.inwk.com.
About Sun-Times News Group
Sun-Times News Group, Inc. is dedicated to being the premier source of local news and information for the greater Chicago area. Its media properties include the Chicago Sun-Times and Suntimes.com as well as newspapers and Web sites serving more than 200 communities across Chicago. Further information can be found at www.thesuntimesgroup.com.
Forward-Looking Statements
This release contains statements relating to future results. These statements are forward-looking statements under the federal securities laws. We can give no assurance that any future results discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the Risk Factors section of the Form 10-K we recently filed with the SEC.
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