Presstek Making Cuts in Order to Return to Positive Earnings

Gross margin percent for the third quarter of 2011 was 27.1 percent compared to 32.8 percent in the third quarter of 2010. The reduction vs. the third quarter of 2010 was due primarily to unfavorable product mix in equipment and consumables, lower factory volumes, the impact of a strengthening yen on DI press purchases, and general inflation on raw materials and freight cost.