Presstek Narrows Loss for Fiscal Year, Logs Third 75DI Press Order

“Despite the impact of the economy we have maintained our positive adjusted EBITDA levels for the fifth consecutive quarter and during fiscal 2010 reduced our debt net of cash position by $6.0 million, a 50 percent reduction from 2009,” said Presstek Executive Vice President and Chief Financial Officer Jeff Cook. “We expect first quarter 2011 revenue and adjusted EBITDA to be within the range of our fourth quarter 2010 results. Additionally, we believe that with changes in international tax planning strategies, we could be in a position to reverse the fourth quarter 2010 valuation allowance against deferred tax assets in future periods.”