Presstek Announces $11.2 Million in Profit Improvement Actions

“The vast majority of these actions will be completed by year-end 2011, and are expected to provide the company with significantly improved fiscal performance in 2012. While we are making significant cuts in spending in order to put the company on more stable footing going forward, we are not sacrificing our strategic focus on growing our CtP plate and DI portfolio offerings in larger commercial, in-plant, packaging and digital printing operations.”