Presstek Sold to American Industrial Partners Affiliate

The agreement is subject to the approval of shareholders and other customary closing conditions and is expected to close during the fourth quarter of 2012. In connection with the transaction, AIP has obtained the agreement of Presstek's largest shareholder, IAT Reinsurance, and its affiliates, which own 24.5 percent of the outstanding common stock, to vote in favor of the merger at the special shareholders meeting to be called for that purpose, subject to certain conditions.