Presstek Narrows Loss for Fiscal Year, Logs Third 75DI Press Order
• 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.
“We feel we have accomplished much this year in a very difficult economy and in particular a difficult one for our industry, and with the addition of the 75DI to our product portfolio we feel confident in our ability to grow this business”
Presstek, Inc. is a leading supplier of digital offset printing solutions to the printing and communications industries. Presstek’s DI digital offset solutions bridge the gap between toner and conventional offset printing, enabling printers to cost effectively meet increasing customer demand for high quality, short run color printing with a fast turnaround time while providing improved profit margins. The company’s CTP portfolio ranges from two-page to eight-page systems, many of which are fully automated. These systems support Presstek’s line of chemistry-free plates as well as Aeon, a no preheat thermal plate which offers run lengths up to one million impressions. Presstek also offers a range of workflow solutions, pressroom supplies, and reliable service. Presstek is well positioned to support print environments of any size on a worldwide basis. Visit www.presstek.com or call (603) 595-7000 for more information. DI is a registered trademark of Presstek, Inc.
Source: financial release.