Presstek Reports Improved 2010 Second Quarter Operating Profits

Debt net of cash totaled $8.8 million at the end of the second quarter, a reduction of $4.3 million versus the second quarter of 2009. The primary cause of the decrease from the prior year level was the proceeds received from the sale of our Lasertel subsidiary in the first quarter of 2010; partially offset in the 2010 second quarter by increases in working capital, primarily related to increased inventory levels to meet the anticipated demand for the Company's "growth" products and the timing of European equipment installations.