Cinram International Rounds Out its Logistics Capabilities with the Acquisition of Vision Worldwide Management

    TORONTO, Oct. 1 /CNW/ - Cinram International Income Fund (TSX: CRW.UN)
today announced that Cinram International Inc., its indirect, wholly-owned
subsidiary ("Cinram"), has today acquired substantially all of the assets of
Vision Worldwide Management, LLC, a leading provider of outsourced Vendor
Management Inventory (VMI) services to the home entertainment industry.
    "VMI and category management services are mission critical elements of
today's supply chain environment," said Cinram chief executive officer Dave
Rubenstein. "Vision's solutions represent a great fit with Cinram's logistic
platform. By leveraging the systems and applications that Vision has developed
over the last decade, we will be able to deepen our customer relationships and
widen the breadth of our supply chain offering to garner new business in the
telecommunications, video games and home entertainment industries."
    Vision Worldwide Management, LLC is a privately-held company based in
Detroit, Michigan, with offices in Europe and affiliated operations in
Australia. Under the terms of the agreement, Cinram, through its operating
subsidiaries, will acquire Vision Worldwide's North American and European
assets, including its proprietary VMI systems and its existing contracts for
$10 million in cash consideration.
    Vision's solutions streamline processes by integrating point-of-sale
collection and processing procedures with a full array of Electronic Data
Interchange (EDI) management services, which allows customers to derive
perpetual inventory levels, model stocking, replenishment, store and product
performance reporting as well as other available analytical information and
trending. Their category management solutions encompass category-wide
forecasting, product mix analysis and recommendation, replenishment, returns
and all levels of vendor and/or product performance reporting. Vision also
offers demand planning software and detailed retail database management,
including store inventory and shipment history.
    "Vision's team brings together a unique mix of information technology,
product distribution, retail operations, and merchandising expertise which has
been the cornerstone of its success in the past, and which we expect will be
an integral part of Cinram's success going forward," concluded Rubenstein.

    About Cinram

    Cinram International Inc., an indirect, wholly-owned subsidiary of the
Fund, is the world's largest provider of pre-recorded multimedia products and
related logistics services. With facilities in North America and Europe,
Cinram International Inc. manufactures and distributes pre-recorded DVDs, 
audio CDs, and CD-ROMs for motion picture studios, music labels, publishers
and computer software companies around the world. Cinram now also provides
distribution and logistics services to the telecommunications industry in
North America and Europe through its wireless subsidiaries. The Fund's units
are listed on the Toronto Stock Exchange under the symbol CRW.UN and are
included in the S&P/TSX Composite Index. For more information, visit our
website at

    Certain statements included in this release constitute "forward-looking
statements" within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Fund, or results of the multimedia
duplication/replication industry, to be materially different from any future
results, performance or achievements expressed or implied by such forward
looking statements. Such factors include, among others, the following: general
economic and business conditions, which will, among other things, impact the
demand for the Fund's products and services; multimedia
duplication/replication industry conditions and capacity; the ability of the
Fund to implement its business strategy; the Fund's ability to retain major
customers; the Fund's ability to invest successfully in new technologies and
other factors which are described in the Fund's filings with applicable
securities commissions. Due to the potential impact of these factors, the Fund
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, unless required by applicable law.

For further information:

For further information: Lyne Beauregard Fisher, Cinram International
Inc., Tel: (416) 321-7930,

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