Presstek Reports Improved 2010 Third Quarter Operating Profits

"We continued to see sluggish sales results in the third quarter as the increase in our equipment revenue was more than offset by declines in our 'traditional' consumables and service revenue," said Presstek Executive Vice President and Chief Financial Officer, Jeff Cook. "A contributing factor to our overall consumables decline is a shift in buying patterns within the distributor channel, which negatively impacted the current quarter. Despite continued market softness we have maintained our positive adjusted EBITDA levels for the fourth consecutive quarter and reduced our debt net of cash position in the quarter by $1.9 million, to a relatively low $6.9 million."