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

“The sale to SELEX places Lasertel into a large organization whose core business is closely aligned with Lasertel’s mission,” commented Jacobson. “At the same time, it allows Presstek to focus on our core business. While selling Lasertel has been a key objective during the past year, we needed to ensure that we received an appropriate value for Lasertel. We are pleased that we are able to accomplish that objective with this sale.”