Transcontinental offer for PLM Group successful

    MONTREAL and TORONTO, Oct. 17 /CNW Telbec/ - Transcontinental Inc. and
PLM Group Ltd. today announced that as at 5:00 p.m. yesterday, holders of
common shares of PLM holding in the aggregate 26,961,023 common shares,
representing approximately 97.91% of the issued and outstanding shares of PLM,
had validly tendered their shares under the Transcontinental offer dated
September 10, 2007 to purchase all of the common shares of PLM at a price of 
C $3.50 per share.
    All of the conditions of its offer having been satisfied,
Transcontinental has instructed the Depositary, Computershare Investor
Services Inc., to take up and pay for all of the PLM common shares deposited
under the offer. Transcontinental intends to pay for the common shares
deposited by delivering today the C$3.50 per share consideration to the
Depositary to be forwarded to the holders of common shares of PLM deposited
under the offer. Thereafter, Transcontinental intends to avail itself of the
compulsory acquisition provisions of applicable legislation to acquire the
remaining common shares of PLM, the whole as described in the take-over bid
    Upon completion of the compulsory acquisition, Transcontinental intends
to de-list the common shares of PLM from the Toronto Stock Exchange and to
cause PLM to apply to the securities regulatory authorities to cease to be a
reporting issuer.
    In August, Transcontinental announced its intention to acquire PLM Group
and become the largest printer in Canada and a leader in Canada's direct
marketing industry. Founded in 1987, PLM has 470 employees in the Greater
Toronto Area and reported revenues of $126 million in 2006. Its primary niche
is direct marketing products and services, which are increasingly in demand by
businesses. PLM also offers leading edge services such as premedia and digital
printing and prints a wide range of marketing-related commercial printing
products. PLM boasts state-of-the-art equipment, a diversified customer base
that includes many leading companies, and a dynamic team of employees.

    About Transcontinental

    The largest printer in Canada and sixth-largest in North America,
Transcontinental also ranks as the country's leading publisher of consumer
magazines and French-language educational resources, and its second-largest
community newspaper publisher. Transcontinental distinguishes itself by
creating strategic partnerships that integrate the company into its customers'
value chain, notably through its unique newspaper printing outsourcing model
and its value-added services. From mass to highly personalized marketing, the
company offers its clients integrated solutions which include a
continent-leading direct marketing offering, a diverse digital platform and a
door-to-door advertising material distribution network. Transcontinental is a
company whose values, including respect, innovation and integrity, are central
to its operation. Transcontinental (TSX: TCL.A, TCL.B) has more than 14,500
employees in Canada, the United States and Mexico, and reported revenues of
C$2.3 billion in 2006.

    About PLM Group

    PLM Group Ltd. (TSX: PGL) is one of Canada's largest commercial printers
providing single source web and sheet-fed print, visual, graphics and display
services to leading companies in a number of industries, including retail,
consumer products, financial services, automotive, pharmaceutical, healthcare
and communications. Visit the Company's web site at

For further information:

For further information: Media: Nessa Prendergast, Director, Media
Relations, Transcontinental Inc., (514) 954-2809,,; David J.
Stuart, President and C.O.O., PLM Group Ltd., (416) 848-8520,; Financial Community: Jennifer F. McCaughey, Director,
Investor Relations, Transcontinental Inc., (514) 954-2821,; Peter A. Bradley, C.A., Executive Vice
President and Chief Financial Officer, PLM Group Ltd., (416) 848-8530,

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