Presstek Reports Improved 2010 Second Quarter Operating Profits

Second quarter 2010 operating expenses of $12.0 million represented a reduction of $21.7 million from the second quarter of 2009. Excluding the impact of the one-time write-off of goodwill in the second quarter of 2009, operating expenses declined by $2.6 million, or 18%. The decline in operating expenses was primarily related to reduced payroll costs, professional service fees and travel expenses; offset partially by increased non-cash stock compensation expenses and the cost of the IPEX tradeshow, which caused an increase in operating expenses of $0.4 million in the 2010 second quarter.