FORM 6-K
Securities and Exchange Commission
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of, January 20 03
----------------------------------------------------- ------
MDC CORPORATION INC.
-------------------------------------------------------------------------------
(Translation of registrant's name into English)
45 Hazelton Avenue, Toronto, Ontario, Canada, M5R 2E3
-------------------------------------------------------------------------------
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40F.
Form 20-F Form 40-F X
------------- ------------
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes No X
-------------- -------------
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b) : 82-_______________
EXHIBIT INDEX
Exhibit Page No.
1. Press Release dated December 6, 2002 4
Exhibit 1
FOR IMMEDIATE RELEASE
MDC CORPORATION INC.
CUSTOM DIRECT INCOME FUND
Custom Direct Income Fund Offering Postponed
TORONTO - December 6, 2002 - MDC Corporation Inc. of Toronto (TSX:
MDZ.A; NASDAQ: MDCA) and Custom Direct Income Fund (the "Fund") announced
today that plans for an initial public offering of the Fund have been
postponed. The Fund was created to acquire an approximate 80% interest in
MDC's U.S. based direct-to-customer cheque business, operated by Custom
Direct, Inc. and affiliated companies.
"The current uncertainty in the income trust market place is not
conducive to the completion of such offerings on reasonable terms and
conditions. This has persuaded us to postpone the offering until more
favourable market conditions return," said Miles Nadal, MDC's President and
Chief Executive Officer.
"We remain confident in the future of the Custom Direct business
and have no desire to compromise our belief in the value of the enterprise. In
the meantime, we will continue to realize increased returns from its highly
predictable business model and reliable cash flows," said Nadal.
About Custom Direct
Based in Maryland and Arkansas, Custom Direct has been selling
cheques and cheque related accessories across the United States since 1992 and
offers the industry's widest selection of product designs. Custom Direct is
the second largest participant in the direct-to-consumer segment of the U.S.
cheque industry with forecast sales and EBITDA for the year ending December
31, 2002 of approximately US$103 million and US$20 million respectively.
About MDC Corporation Inc.
MDC is a publicly traded international business services
organization with operating units in Canada, the United States, United Kingdom
and Australia. MDC provides marketing communication services, through Maxxcom,
and offers security sensitive transaction products and services in four
primary areas: personalized transaction products such as personal and business
cheques; electronic transaction products such as credit, debit, telephone &
smart cards; secure ticketing products, such as airline, transit and event
tickets; and stamps, both postal and excise. MDC shares are traded on the
Toronto Stock Exchange under the symbol MDZ.A and on NASDAQ National Market
under the symbol MDCA.
Maxxcom, approximately 78% owned by MDC, is a multi-national
business services company with operating units in Canada, the United States
and the United Kingdom. Maxxcom is built around entrepreneurial partner firms
that provide a comprehensive range of communications services to clients in
North America and the United Kingdom. Maxxcom shares are traded on the Toronto
Stock Exchange under the symbol MXX.
FOR MORE INFORMATION CONTACT:
MILES S. NADAL PETER M. LEWIS
Chairman and Chief Executive Officer Executive Vice-President
MDC Corporation Inc. and Chief Financial Officer
Tel: (416) 960-9000 ext. 223 MDC Corporation Inc.
Tel: (416) 960-9000 ext. 272
GRAHAM L. ROSENBERG
Executive Vice-President
MDC Corporation Inc.
Tel: (416) 960-9000 ext. 239
SIGNATURES
Pursuant to the requirement of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
MDC CORPORATION INC.
--------------------------------
(Registrant)
Date: January 10, 2003 By: /s/ Walter Campbell
---------------- -----------------------------
(Signature)
Walter Campbell
Senior Vice President Finance
Print the name and title of the signing officer under their signature