Presstek Announces Deep Cuts to Regain Profitability

GREENWICH, CT—Presstek Inc., a supplier of digital offset printing solutions to the printing and communications industries, announced $11.2 million in annualized profit improvement actions and expects to return to positive adjusted EBITDA in the first quarter of 2012. The company, which posted a net loss of $5.4 million in the third quarter, will greatly reduce its workforce as part of its goal of regaining profitability.