Presstek Receives New Revolving Credit Facility, Completes Sale of its Lasertel Subsidiary

“We are very pleased to establish this relationship with PNC Bank. We feel their commitment to Presstek reaffirms our strategy and is testimony to the confidence they have in our ability to execute our initiatives,” said Jeff Jacobson, Presstek’s Chairman, President and Chief Executive Officer. “With the new credit facility in place, we believe that we have sufficient capital to meet our current financing requirements and fuel our future growth.”