Presstek Reports Improved 2010 Second Quarter Operating Profits

"We have now achieved positive adjusted EBITDA levels in each of our last three quarters and we were pleased to see the continuing development of our 'growth' consumables of CTP and DI plates which increased 8% and 4%, respectively, versus the prior year's quarter," said Presstek Chairman, President and Chief Executive Officer, Jeff Jacobson. "However, during the quarter we saw a reluctance by our North American base of small to mid-sized customers to make capital equipment purchases primarily due to reduced access to financing and an increased skepticism that the US economic recovery was sustainable in the near term. Operationally, we continue to reap the benefits of our operational discipline as our adjusted EBITDA improved $2.3 million in the quarter compared to the 2009 quarter."