AGF Asset Management, a Canadian investment management company, renewed a contract for print and mail services with privately owned print firm St. Joseph Corp. for three years, St. Joseph said last week.
St. Joseph, Concord, Ontario, expects to generate $9 million over the extended contract. Further information was not disclosed.
St. Joseph also announced a 10-year commitment to provide digital print services for Sears Canada's in-store signage program. Financial details of the new contract were not disclosed.
“We are very proud of these achievements and will continue to strive for new business opportunities in 2003,” Tony Gagliano, executive chairman and CEO of St. Joseph, said in a statement.
St. Joseph generated $76.8 million in revenue in the first quarter of 2003, down $2.7 million from the same quarter last year. However, net income for the quarter held steady at $2.3 million, which the company attributed to cost reductions and improved efficiencies.