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INTRIA to Exit Print and Insertion Business

MISSISSAUGA, ON, January 20, 2011, INTRIA, announced plans today to exit the print and insertion business. The company cites declining print volumes as a result of an industry-wide trend toward electronic communications in the financial services sector.

The increase in electronic presentment and subsequent decline in physical print volumes is expected to accelerate as Canadian consumers continue to demonstrate a preference for online presentation of information. As a result, INTRIA plans to focus on its core competency of providing cheque processing and currency services.

"INTRIA's strength has always been as a provider of high-quality, cost effective solutions," notes company President, Bob Bouey. "This change will allow us to invest our energy in driving future capabilities, benefits and service enhancements in our cheque and currency businesses, resulting in superior service for our customers."

About INTRIA

Established in 1996, INTRIA is a Canadian leader in financial and business information processing. Performing over 1.4 billion item processing tasks annually, we serve a wide range of clients in the financial, utility, and retail sectors. INTRIA offers a comprehensive, integrated suite of services including currency management services, remittance processing and cheque clearing.

Headquartered in Mississauga, Ontario, INTRIA is a wholly-owned subsidiary of Canadian Imperial Bank of Commerce (CIBC), a leading North American financial institution with nearly 11 million personal banking and business clients. INTRIA has over 2,500 employees and a tightly integrated, national network of highly secure, technologically sophisticated processing centres, that operate 24 hours a day, 7 days a week and are distributed along Canada's major air and land transport corridors. For more information, please visit www.INTRIA.com.

For more information, please contact:
INTRIA Items Inc.
Bob Finlay
Head of Business Development and Account Management
905-755-4745
Robert.Finlay@intria.com

Events

Industry Events

We are pleased to announce INTRIA’s attendance at the following 2012 industry-leading events:

ICCOS Americas
Tremendous changes are reshaping the payments business. Learn effective approaches to turn threats into opportunities while collaborating with peers on shared challenges.

BAI Payments Connect 2012
Analyze emerging trends, develop cohesive payments strategies, and identify how threats — from increasing regulation to competition from non-bank payments players — can become opportunities at this year’s BAI Payments Connect event.

NACHA, Discover PAYMENTS 2012
Get the most vital and actionable payments information you need to help address the myriad of issues and opportunities in today’s rapidly changing environment.

CPA 2012 Payments Panorama
Learn more about the many issues that have a direct impact on how we, as Canadians, conduct our financial affairs, both within Canada and abroad.

RDC Summit 2012, Evolution
Interact with over three dozen solution providers and learn how RDC has evolved over the past several years, both in the very definition of RDC, as well as the technologies employed and adapted throughout the broader RDC industry.