Greenwich, CT - January 11, 2012 - Presstek, Inc. (NASDAQ:
PRST), a leading supplier of digital offset printing
solutions to the printing and communications industries,
today announced that it expects to report revenue in the
range of $29.2 million to $29.7 million for the fourth
quarter of 2011. This would represent an increase of 8.5% to
10.4% from third quarter 2011 revenue. The Company had
previously provided an outlook for the fourth quarter of 2011
indicating that revenue would be relatively stable with the
third quarter 2011 revenue of $26.9 million.
"We're pleased that the relatively strong start we saw to
fourth quarter consumables and equipment held throughout the
quarter," said Presstek Chairman, President and Chief
Executive Officer, Jeff Jacobson. "We normally see an
end-of-year holiday slowdown, but volumes held strong and our
consumables and service revenue came in better than expected.
Equipment was also strong, and we expect to exceed equipment
revenue from both the third quarter 2011 and fourth quarter
2010 results. These preliminary results reaffirm our
strategic focus on growing our CTP plate and DI portfolio
offerings in larger commercial, in-plant, packaging and
digital printing operations while continuing to carefully
manage our cost structure."
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 +1.603.595.7000 for more information.
DI is a registered trademark of Presstek, Inc.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995:
Certain statements contained in this News Release constitute
"forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995,
including statements regarding expected revenue levels for
the fourth quarter of 2011. Such forward-looking statements
involve a number of known and unknown risks, uncertainties
and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, but are not limited to
final year-end adjustments that may result in lower revenue
levels than indicated, and other risks and uncertainties
detailed in the Company's 2010 Annual Report on Form 10-K
and the Company's other reports on file with the
Securities and Exchange Commission. The words "looking
forward," "looking ahead,"
"believe(s)," "should," "may,"
"expect(s)," "anticipate(s),"
"project(s)," "likely,"
"opportunity," expressions of optimism concerning
future events or results, and similar expressions, among
others, identify forward-looking statements. Readers are
cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
the statement was made. The Company undertakes no obligation
to update any forward-looking statements contained in this
news release.
Contacts: | |
Investor Relations (203) 769-8041 investorrelations@presstek.com |
Trade Relations Brian Wolfenden Director of Marketing Communications (603) 594-8585, ext. 3435 bwolfenden@presstek.com |
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