InnerWorkings Announces Third Quarter 2013 Results

Additional third quarter 2013 financial and recent operational highlights include the following:

• 78 percent of the company's revenues were generated from the enterprise channel, with the remaining 22 percent derived from the middle market channel.

• An enterprise agreement was signed with a new global consumer package goods company to manage their permanent in-store display program, in addition to providing traditional print management services. The company estimates this new agreement will generate approximately $15 million of annual revenue once it is fully implemented.

• New agreements have been signed with several existing clients to expand into new geographies around the world. Most recently, the company became the global provider of print and promotional materials for Intercontinental Hotel Groupby expanding its relationship into Europeand the Middle East.

• New client agreements were signed with two large charitable organizations to manage direct mail campaigns and other fundraising materials. These agreements further establish the company's growing presence in the non-profit sector.

"While we are disappointed by the results of Productions Graphics, we remain confident in our long-term growth in Europe," said Joseph M. Busky, chief financial officer. "Our year-over-year organic growth in the region was 10 percent in the third quarter and the European-based businesses we have acquired this year have exceeded our expectations."