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

“While our revenue did not rise to the level we would have liked in 2010, the year was filled with many achievements for Presstek,” commented Jacobson. “Now that 2010 is behind us we can look back at the many accomplishments we have had. During 2010 we:

• successfully sold our Lasertel business;
• entered into a new credit facility with PNC Bank;
• reduced our debt net of cash to $6.1 million (a 50 percent reduction);
• completed development and introduced our 75DI digital offset press; and
• posted positive adjusted EBITDA in every quarter of the year.