CHICAGO, Dec. 1, 2009 (GLOBE NEWSWIRE) -- InnerWorkings, Inc. (Nasdaq:INWK), a leading global provider of managed print and promotional solutions for corporate clients, announced today that it has entered into an enterprise outsourcing procurement agreement with The Scotts Company, a wholly owned subsidiary of The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden products.
Under this agreement, Scotts will outsource all of its direct mail, point of purchase and commercial print and print related procurement to InnerWorkings.
"When we made the decision to outsource the print management function, we selected InnerWorkings based on their prior client successes, technology and informational advantage and innovative service model," said Pete Supron, Senior Vice President, Global Purchasing for Scotts. "We look forward to working with InnerWorkings as we streamline our processes and enhance our operating efficiencies."
As part of the service implementation, a team of InnerWorkings' professional production managers will be deployed and permanently located at the Scotts headquarters in Marysville, Ohio. In addition, InnerWorkings will hire a select group of Scotts' current employees to join InnerWorkings' team. By hiring existing internal resources, InnerWorkings is able to reduce overhead costs, while at the same time retaining talented individuals and their valuable insight into the culture of its client companies.
"Corporate America's growing interest in InnerWorkings' print management outsourcing model and sophisticated technology is continuing to drive significant gains in our market share," said Eric Belcher, CEO of InnerWorkings. "We are proud to have Scotts join the impressive list of industry leaders that have embraced our solution."
About InnerWorkings, Inc.
InnerWorkings, Inc. (Nasdaq:INWK) is a leading global provider of managed print and promotional solutions for corporate clients across a wide range of industries. With proprietary technology, an extensive supplier network and domain expertise, the Company procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution. The Company is based in Chicago with additional offices in the United States and in the United Kingdom. For more information on InnerWorkings, visit: www.inwk.com.
The InnerWorkings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5277
About ScottsMiracle-Gro
With nearly $3 billion in worldwide sales and more than 6,000 associates, The Scotts Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the world's largest marketer of branded consumer products for lawn and garden care, with products for professional horticulture as well. The Company's brands are the most recognized in the industry. In the U.S., the Company's Scotts(R), Miracle-Gro(R), and Ortho(R) brands are market-leading in their categories, as is the consumer Roundup(R) brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S. the Company operates Scotts LawnService(R), the second largest residential lawn care service business. In Europe, the Company's brands include Weedol(R), Pathclear(R), Evergreen(R), Levington(R), Miracle-Gro(R), KB(R), Fertiligene(R) and Substral(R). For additional information, visit us at www.scotts.com.
Forward-Looking Statements
This release contains statements relating to future results. These statements are forward-looking statements under the federal securities laws. We can give no assurance that any future results discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" section of the most recent Form 10-K we filed with the SEC.
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CONTACT: InnerWorkings, Inc.
Erin Moore
(312) 642-3700
Emoore@inwk.com
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