Market Overview

Rise Interactive Named to Inc. 5000 List of America's Fastest-Growing Private Companies for Ninth Consecutive Year

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Quad/Graphics' Digital Marketing Agency Lauded for Vigorous Three-Year
Sales Growth of 195%

Rise Interactive ("Rise"), one of the fastest-growing digital marketing
agencies in the world, majority owned by Quad/Graphics (NYSE:QUAD)
("Quad"), announced its ninth consecutive appearance on the annual Inc.
5000
, the most prestigious ranking of the nation's fastest growing
companies. The achievement is significant; only 1% of companies ever
featured on the list have achieved nine-time honoree status.

"To be recognized for the ninth time on the Inc. 5000 list is a
reflection of the tremendous work our teams produce for our clients,"
said Jon Morris, Founder and CEO of Rise Interactive. "This growth is
only possible by continuing to deliver a high ROI for our clients, and
having our clients stay with us year in and year out."

Rise ranks No. 2,260 on this year's list with a three-year sales growth
of 195%. Since its inaugural appearance on the list in 2010, Rise has
more than quadrupled its sales revenue.

"At Rise, we are constantly thinking of new ways to innovate," Morris
said. "For example, we are developing proprietary technology to assist
clients in their Amazon marketing efforts, which has seen huge growth in
the past six months. Also, thanks, in large part to our partnership with
Quad/Graphics, we have been able to build relationships with a number of
marquee clients this year."

Quad/Graphics, a leading marketing solutions provider, has long worked
with Rise to orchestrate integrated, cross-media programs that give
marketers improved predictability and control over the variables that
drive consumer response. Quad acquired a non-controlling interest in
Rise in July 2016, and a majority ownership stake in March 2018.

"Together with Rise, we continue to create a better way for our clients
to plan, produce, deploy, manage and measure their marketing content
across multiple channels," said Joel Quadracci, Chairman, President &
CEO of Quad/Graphics. "Through our unique integrated marketing platform,
we reduce the complexities of working with multiple agencies, and
improve clients' process efficiencies and overall marketing spend
effectiveness."

The Inc. 5000 recognition is among a long list of honors Rise has earned
in recent history. Other awards include 2018 Search Engine Land Large
Marketing Agency of the Year, SEM; 2018 Crain's Chicago Business Fast
50; 2018 Crain's Chicago Best Places to Work; and 2017 Forrester Wave
Search Marketing Agencies Report, Strong Performer.

For more information about the Inc. 5000 and its ranking methodology,
visit https://www.inc.com/inc5000/.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements regarding, among other
things, our current expectations about the Company's future results,
financial condition, revenue, earnings, free cash flow, margins,
objectives, goals, strategies, beliefs, intentions, plans, estimates,
prospects, projections and outlook of the Company and can generally be
identified by the use of words or phrases such as "may," "will,"
"expect," "intend," "estimate," "anticipate," "plan," "foresee,"
"project," "believe," "continue" or the negatives of these terms,
variations on them and other similar expressions. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause actual results to be materially different from
those expressed in or implied by such forward-looking statements.
Forward-looking statements are based largely on the Company's
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our control.

The factors that could cause actual results to materially differ
include, among others: the impact of decreasing demand for printed
materials and significant overcapacity in the highly competitive
commercial printing industry creates downward pricing pressures and
potential underutilization of assets; the impact of electronic media and
similar technological changes, including digital substitution by
consumers; the inability of the Company to reduce costs and improve
operating efficiency rapidly enough to meet market conditions; the
impact of changing future economic conditions; the failure of clients to
perform under contracts or to renew contracts with clients on favorable
terms or at all; the impact of increased business complexity as a result
of the Company's transformation into a marketing solutions provider; the
impact of regulatory matters and legislative developments or changes in
laws, including changes in cyber-security, privacy and environmental
laws; the impact of fluctuations in costs (including labor and
labor-related costs, energy costs, freight rates and raw materials) and
the impact of fluctuations in the availability of raw materials; the
failure to attract and retain qualified production personnel; the impact
of changes in postal rates, service levels or regulations; the fragility
and decline in overall distribution channels, including newspaper
distribution channels; the failure to successfully identify, manage,
complete and integrate acquisitions and investments; the impact of risks
associated with the operations outside of the United States, including
costs incurred or reputational damage suffered due to improper conduct
of its employees, contractors or agents; significant capital
expenditures may be needed to maintain the Company's platform and
processes and to remain technologically and economically competitive;
the impact of the various restrictive covenants in the Company's debt
facilities on the Company's ability to operate its business; the impact
on the holders of Quad/Graphics class A common stock of a limited active
market for such shares and the inability to independently elect
directors or control decisions due to the voting power of the class B
common stock; the impact of an other than temporary decline in operating
results and enterprise value that could lead to non-cash impairment
charges due to the impairment of property, plant and equipment and other
intangible assets; and the other risk factors identified in the
Company's most recent Annual Report on Form 10-K, as such may be amended
or supplemented by subsequent Quarterly Reports on Form 10-Q or other
reports filed with the Securities and Exchange Commission.

Except to the extent required by the federal securities laws, the
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

About Rise Interactive

Rise Interactive is a digital marketing agency specializing in media,
analytics and creative & development. The agency's proprietary
Interactive Investment Management® approach uniquely helps clients see,
shape and act on opportunities across the entire digital landscape. Rise
is a strategic partner, helping leading brands like ULTA Beauty, Atkins
Nutritionals and others make smarter marketing investment decisions and
create more relevant experiences for their customers. For more
information, visit www.riseinteractive.com
or follow the company on Twitter @riseinteractive.

About Quad/Graphics

Quad/Graphics (NYSE:QUAD) is a leading marketing solutions provider. The
Company leverages its strong print foundation as part of a much larger,
robust integrated marketing platform that helps marketers and content
creators improve the efficiency and effectiveness of their marketing
spend across offline and online media channels. With a consultative
approach, worldwide capabilities, leading-edge technology and
single-source simplicity, Quad has the resources and knowledge to help a
wide variety of clients in multiple vertical industries, including
retail, publishing and healthcare. Quad provides a diverse range of
digital and print and related products, services and solutions from
multiple locations throughout North America, South America and Europe,
and strategic partnerships in Asia and other parts of the world. For
additional information visit www.QG.com.

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