Presstek Broadens Worldwide Presence with DI Presses
Continuing The Expansion of Presstek's Global Channels
HUDSON, NH--June 20, 2007--Presstek, Inc. (Nasdaq: PRST), the leading manufacturer and marketer of digital offset printing business solutions, announced continued strong growth of its Direct Imaging (DI®) digital offset product line, with recent sales and strong interest in new markets around the world. The company's increased global presence reflects continued demand for its high quality, easy-to-use, environmentally friendly and cost-effective digital offset printing solutions.
"To date, Presstek's record sales growth has been primarily based on strong performance in North America and parts of Europe," said Jeff Jacobson, Presstek's President and CEO. "To meet our growth initiatives, we will continue to expand our efforts throughout Europe, Asia-Pacific and South America, which are regions that provide an excellent opportunity for digital offset printing solutions. At the same time, we will continue to expand our presence in North America."
Presstek recently sold DI press solutions in Brazil, Canada, the Czech Republic, Germany, Italy, Poland and Russia, with strong activity in other international markets. With more than 3,000 DI systems currently installed worldwide, Presstek continues to offer a competitive advantage in the fast-growing, short-run market - from 250 to 10,000 impressions.
"The DI presses' ease of use, superior quality, low cost per page and fast turnaround times have contributed to their rapid adoption by commercial and in-plant printers around the globe," said Todd Chambers, Presstek's chief marketing officer. "We are excited to bring our customers in these new markets the same increased capability, profitability and competitiveness that all DI users are accustomed to."
These recent sales follow Presstek's record-breaking 2006 results - a 25 percent year-over-year increase in DI press shipments and a 72 percent increase in DI equipment revenue over 2005. In addition, Presstek 52DI sales almost doubled in the first quarter of 2007 compared to the previous quarter.