Ottawa-based Corel Corporation has released the latest iteration of its graphic design suite. Called CorelDRAW Premium Suite X5, the package contains programs for many facets of graphic design.
The X5 suite introduces new features such as Flash and video authoring applications, as well as a new Website creation application. Clearly aimed at Adobe's Creative Suite offerings, the company has priced the package substantially lower than it's San Jose-based competition: $699 (US and Canadian) for the full version and $299 for the upgrade.
CorelDRAW Premium Suite X5 also includes new colour management tools and improved performance on multi-core computers. CorelDRAW is compatible with files generated from Adobe Illustrator CS5 and Corel Photo-Paint is able to read Photoshop files.
The CorelDRAW saga began in 1989 with the first release, running on Windows 2.x. CorelDRAW Premium Suite X5 is the 15th release of the line. The suite of programs are PC only, with OSX support ceasing in 2001 with version 11.
Printing industry veteran Tom Lang has been named manroland's Regional Sales Manager for Western Canada, covering sheetfed-sales territory from Toronto to Vancouver.
“Tom’s wealth of industry and customer experience makes him uniquely qualified to engage the manroland consultative sales philosophy,” said Michael Mugavero, Vice President of Sales, Canada. “The ability to identify production needs and integrating investments into a client’s business planning will be one of his many strengths.”
Lang, who is responsible for manroland Canada's sheetfed press sales in the western region, gained years of technological knowledge while working most recently with Muller Martini Canada. Previously, he also developed printing-specific expertise as a member of Montreal-based Transcontinental Printing.
In a continuing effort to provide the Canadian market with a strong and reliable partner in sales and service, manroland has appointed Tom Lang to the position of Regional Sales Manager, Sheetfed and Webfed for Western Canada. Tom is responsible in sales and representing manroland Canada for the sheetfed market.
Lang graduated from Ryerson University's Graphic Communications Management program with a Bachelors of Technology degree.
The venerable Oxford English Dictionary, often seen as the definitive reference for the language, will likely not see another print edition of the full work due to declining demand for the 23-volume set.
The first edition was first published in its entirety in 1928 after seeing separate volumes published starting in 1888. The second edition was published in 1989, which also saw the first CD-ROM version. In 2000, the publisher introduced Oxford English Dictionary Online, which is a subscriber-only model aimed at the education market.
A team of 80 lexicographers are preparing the third edition of the dictionary, which has a completion date of 2037. Updates of the dictionary are added to the online and CD-ROM editions every three months.
The second edition printed version (US$1,165) has sold approximately 30,000 copies since its publication in 1989 and weighs approximately 750 pounds. In contrast, the online version (US$295 per year of access) gets more than 2-million hits a month.
Vistaprint has posted its fourth financial quarter results which CEO Robert Keane describes as below expectations, but still saw the company's annual income rise 22 percent over that of 2009 to US$67.7 million.
"Since we established fourth quarter guidance in April, unfavorable currency movements impacted our revenue by over $3 million," said Keane. "We are also disappointed in our own constant currency revenue execution for the quarter. On the other hand, we are pleased that our culture of financial discipline enabled us to deliver earnings within our previously established guidance range."
Revenue for the Internet printing company grew 22 percent over the same quarter in 2009 to US$164.3 million. For the full fiscal year, revenue growth was 30 percent, to US$670 million. Vistaprint acquired approximately 1.6 million new customers in the fourth fiscal quarter ending June 30, 2010. For the full 2010 fiscal year, the number of new customer acquisitions totaled approximately 6.4 million, but the company also saw two-thirds of its revenue come from repeat customers.
Average daily order volume in the fourth quarter of fiscal 2010 was approximately 53,000, reflecting a 20 percent increase over an average of approximately 44,000 orders per day in the same quarter a year ago.
The company forecasts its revenue for 2011 to surpass US$750 million.
Amazon, the world largest retailer of books, has announced that its electronic book sales has surpassed the sales of hardcover books in its store.
The Kindle, Amazon's electronic book reader, has been on sale for just under three years and has grown to encompass 650,000 books for sale, including 105 of the 110 books on the New York Times bestseller list. Kindle books are also available for sale on computers and via the Kindle iPad application. In the last three months, the company says that for every 100 hardcover books sold, it has sold 143 Kindle books. In the past month, that number has grown to 180 Kindle books sold for every 100 hardcovers.
Price, of course, is the major attractor to Kindle editions: over 510,000 Kindle books are sold at US$9.99 or less, including 75 New York Times bestsellers.
"We've reached a tipping point with the new price of Kindle - the
growth rate of Kindle device unit sales has tripled since we lowered the
price from $259 to $189," said Jeff Bezos, Founder and CEO of
Amazon has just released an update to its larger Kindle DX reader, which features an upgraded e-ink screen that is even more like print.
Quad/Graphics has finished its acquisition of World Color press this week and has begun trading on the New York Stock Exchange as of today.
“This is a defining moment in our company’s history and for the future of our industry,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. “We believe in the power of print in a multichannel media world, and we now have more talent, technology and solutions in more places to better serve our clients well into the future. Our new leadership includes the best and the brightest from both companies, building a unique team of innovative people who will redefine print for the benefit of all our stakeholders.”
Based on proforma unaudited revenues of both companies for the 12 months ending March 31, 2010, Quad estimates that the combined entity will have sales of $4.8 billion. It has approximately 28,000 employees working from more than 80 facilities in North America, Latin America and Europe. Quad/Graphics is now the second-largest provider of print and related multichannel solutions in the Americas, next to RR Donnelley.
Quad/Graphics was founded on July 13, 1971, by Harry V. Quadracci, son of Harry R. Quadracci, a pioneer in web offset printing. The company announced it will acquire Worldcolor in January.
“Quad/Graphics has had five months to plan this integration and is better prepared than any team with which I've been associated over the years,” stated Mark Angelson, former Chairman and CEO of Worldcolor, who continues on with Quad/Graphics as a member of the Board of Directors. “Harry Quadracci would be beaming with pride, as I am, at having passed the torch of leadership to such a remarkable group. They bring to this acquisition a seamless will to win, the best technology and the clearest strategic vision that I have seen. With Joel Quadracci at the helm, surrounded by the best of the best from these two great companies, Quad/Graphics should go from strength to strength, and all of our constituent groups will benefit.”
The lenticular cover produced for this year's PrintAction's Buyers' Guide has received an award from the 2010 Applied Arts Printing Awards.
The cover, produced by a specialist team of lenticular experts, including project overseer Greg Maloney of AGOG House of Lenticular; John Van Leeuwen of LPC World, the lens supplier; Ernesto Clark, on behalf of HumanEyes, who worked with artist Seth Rowanwood to translate art into press-ready plates through HumanEyes software and the artClone3D RIP; the team at C.J. Graphics, who were responsible for the printing and Laminating Choice for coating the back for printing.
The printing category was judged by industry veterans David Allan (Rhino Print Solutions), Glen Warren (Warren's Waterless Printing), Jack Youngberg (Somerset Graphics), Rose-Ella Morrison (DDB Canada), and Wayne Wilbur (Astley-Gilbert).
The Applied Arts Awards has been held for 20 years and recognizes the best in design, advertising and printing. Other award recipients in this year's printing category are: St. Joseph Print, Andora Graphics, Metropolitan Fine Printers, Kallen Printing. Graphic Direction, 3S Printers, Colour Innovations, Rhino Print Solutions, Cirque du Soleil, Transcontinental Ross-Ellis, Peel Graphics and Somerset Graphics.
Details of the creation of the cover can be found in the February 2010 issue of PrintAction, which can be accessed online here.
Watch for a behind-the-scenes video on the judging process.
Xerox Canada has appointed a new President and Chief Executive Officer, effective July 1. Mandy Shapansky will succeed Kevin Warren in leading the Canadian operations after Warren leaves to head up Xerox's U.S. Solutions Group, based in Rochester.
Shapansky was most recently the Chief Financial Officer and Chief of Staff for Xerox Canada, a role she has held since 2002. She has been with Xerox since 1985. In her new role as President and CEO, Shapansky will lead Xerox's team of 3,600 employees which generates revenues of over $1.2 billion.
"Xerox Canada has an outstanding history of leadership. During his tenure, Kevin Warren was able to grow annual revenue during a very challenging economic period,” said Russell Peacock, President of Xerox North America. “Mandy's lateral thinking in the area of corporate finance has made Xerox Canada one of the top performing operations in the Xerox world. Her appointment to CEO will allow her to expand on this vision of growth.”
Shapansky holds a bachelor of arts degree in economics from the University of Waterloo and is a chartered accountant. She serves on the board of Altruvest Charitable Services and is a member of Financial Executives International Canada. She resides in Toronto with her husband and four children.
Quad/Graphics, in announcing this week that it has received clearance to be listed on the New York Stock Exchange, with plans to begin trading after the completion of the Worldcolor acquisition. The shares are scheduled to begin trading on July 6, 2010.
The company has already received approval from the Minister of Industry under the Investment Canada Act and needs a final order from the Quebec Superior Court pursuant to the Canada Business Corporations Act (expected June 28), as well as final Worldcolor shareholder approval, scheduled for June 25.
If those details, along with customary closing conditions, are met, the company says it anticipates the transaction to complete July 2, 2010.
Quad/Graphics announced its intention to acquire Worldcolor in January. Worldcolor and Quad/Graphics had aggregate non-audited revenues of US$5.1 billion – for the 12-month period ended September 30, 2009 – and aggregate non-audited, adjusted EBITDA of US$647 million.
Current Worldcolor CEO Mark Angelson will stay on to help consolidating the two companies.
KBR Graphics, distributor of KBA presses, has expanded its sales force in Ontario with two new members. Aaron Hunter and Chris Gingras will serve as Account Managers for the region.
“We are pleased to welcome both Aaron and Chris to our company,” says Karl Belafi Jr., Vice President of KBR Graphics Canada. “These two additions to our sales force represent our continued commitment to our present and future clients in the province of Ontario. Since our company has posted strong double-digit growth and with KBA press sales of over $20 million in the last two years despite the economic climate, we feel it is imperative to bolster our sales and service capabilities.
Hunter and Gingras will manage the eastern and western Ontario regions respectively as well as co-manage the Greater Toronto Area. Hunter has more than 15 years of experience in the industry and was previously with Maratek Environmental and Presstek Canada. Gingras has 16 years of experience in the industry and started his career at Advance Printing in Paris Ontario as a press and bindery operator before moving on to Cober Printing of Kitchener. He then worked as a finishing technician and product demonstrator for Heidelberg.
KBR has spent the last 33 years selling and supporting the the printing industry. In addition to selling KBA presses, the company offers a range of graphic arts equipment from manufacturers such as MGI, Standard Horizon, Perfecta, Baum, Busch, Graphic Whizard and Challenge. KBR Graphics has locations in both Montreal and Toronto.