Presstek to Sell Lasertel Subsidiary for $10 Million

The sale price will be approximately $10 million, comprised of $8.0 million in cash upon sale of the business and approximately $2.0 million of laser diodes for Presstek’s future product requirements. The transaction is expected to close during the first quarter of 2010 and is subject to approval from certain governmental agencies in the United States and Europe. Presstek plans to use proceeds from the sale to reduce debt.