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MDC UNIT AWARDED U.S. $126 MILLION POSTAGE STAMP CONTRACT BY UNITED STATES POSTAL SERVICE

 TORONTO, Jan. 6 /PRNewswire/ -- MDC Corporation of Toronto today announced that its wholly owned subsidiary, Ashton-Potter (U.S.A.) Ltd., has been awarded a major contract from the United States Postal Service valued at an estimated (U.S.) $126 million (Cdn. $170 million) over a five-year period.
 The contract, which covers a three-year term with two one-year options -- with projects beginning in early 1994, is part of the largest printing solicitation ever outsourced by the U.S. Postal Service as part of its ongoing program of developing private sector stamp production while still maintaining the Bureau of Engraving and Printing as prime supplier. It involves production of postage stamps in two printing methods: offset and offset/intaglio in various formats including stamp panes and booklets. Overall, Ashton-Potter will produce up to eight billion postage stamps annually.
 Ashton-Potter has supplied sheet-fed offset printed postage stamps to the U.S. Postal Service since 1992. The company was recognized with a Quality Supplier Award from the USPS in its first year of operations.
 "This contract award is the culmination of six months of submissions and negotiations," said Miles S. Nadal, MDC's president and chief executive officer. "The expansion of Ashton-Potter into offset/intaglio printing represents substantial additional penetration of the U.S. security printing and finishing marketplace -- and positions us well to expand our presence in this and other areas of security printing in North America and overseas through growth and acquisitions."
 MDC Corporation is a multi-disciplined communications and marketing organization. Through seventeen operating businesses, the company provides services in the consulting, production and manufacturing sectors of the communications and marketing services industry. Its shares are traded on The Toronto Stock Exchange and the Electronic Bulletin Board in the U.S.A.
 -0- 1/6/94
 /CONTACT: Miles S. Nadal, President & CEO of MDC Corporation, 416-960-9000/


CO: MDC Corporation ST: Ontario IN: TLS SU: CON

LD -- NY094 -- 9906 01/06/94 16:43 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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