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To: Gilbert Drapeau who wrote (150)	6/26/2000 3:39:00 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 192

NURUN Acquires Italian New Media Agency, Quam SRL MONTREAL, QUEBEC-- JUNE 26, 2000 Another important step in NURUN's European development strategy NURUN Inc., a subsidiary of the Quebecor Inc. group, announced today it has entered into an agreement to acquire all the shares of the Italian new media agency Quam SRL and its two subsidiaries, Quam Production and Quam Idea. The purchase price is for cash and share consideration. This latest acquisition is part of an aggressive European development strategy, which aims at expanding operations in Europe. Earlier this year, NURUN acquired Cythere Interactive, the leading independent interactive agency in France. With the Quam acquisition, NURUN will have nearly 250 professionals in Europe, with plans to double this number over the next 12-18 months. Founded in 1996 and employing more than 50 new media professionals in Milan, Quam's activities include strategic Web consulting, the design and creation of Web sites and portals, interactive marketing and online advertising and promotion. The company's clients include Societa Autostrade, MTV Italia, Lottomatica, Alpitour, Conde Nast (GQ Italia) and Prenatal. Quam's revenues for the current fiscal year are expected to be in excess of 8 billion Italian Liras or US$4 million. "We expect to grow significantly thanks to this strategic relationship with an international player like NURUN," said Emanuele Nenna, President of Quam SRL. "The international presence of NURUN and its strategic relationship with Quebecor, the largest commercial printer in the world, will give us as much financial and professional resources as we could ever hope for. First step? Opening an office in Rome before fall" "NURUN will prove to be an outstanding strategic partner for Quam," said Roberto Leonelli, Managing Director of Quam SRL. "Their proven know-how, their growing client base and their unique ability to combine strategy, marketing, design and technology will help us differentiate ourselves in Italy and accelerate the growth of our business." "We are pleased to have a recognized and award-winning company like Quam to develop our business in Italy," said Jacques-Herve Roubert, President of NURUN Europe. "We intend to significantly expand our operations in Europe and realize we need solid local operations to make this happen. Quam has an excellent reputation and client list in Italy, which we hope to build on through our own client referrals." The transaction is subject to completing legal purchase documents including the approval of the regulatory authorities and is expected to be completed in early July. Quam SRL Quam is one of the leading Italian full-service Web agencies. Specialized in Web marketing and communications projects, the company offers technological solutions to a national and international clientele in various industries. Located in Milan, the company employs more than 50 employees. NURUN Inc. NURUN Inc. (TSE: IFN), a subsidiary of the Quebecor Inc group, is an information technology company providing e-commerce, Web integration and automated publishing solutions for corporate and public sector clients in North America, Europe and select locations around the world. NURUN employs more than 1,100 professionals in its various offices in Montreal, Quebec City, Toronto, Ottawa, Seattle, New York, Boston, Chicago, Paris and Santiago.