Results Further Demonstrate that Presstek DI Press and Chemistry-free CTP
Solutions are Accurately Targeting Today's Mainstream Color Printing Needs
HUDSON, N.H., Oct. 19 /PRNewswire-FirstCall/ -- Presstek, Inc. (Nasdaq:
PRST), a leading manufacturer and marketer of digital offset printing
business solutions for the graphic arts markets, today reported that it
generated strong results at the Graph Expo 2006 exhibition, further
demonstrating that Presstek products are accurately targeting the business
needs of the print market. Customers responded enthusiastically with strong
interest and multiple commitments for Presstek products at Graph Expo,
North America's largest printing trade show, held at McCormick Place,
Chicago October 15-18, 2006.
Graph Expo 2006 Results
* Over $5 million in customer commitments, including more than one dozen
DI(R) presses
* Over 500 qualified sales leads recorded for Presstek's full line of
business solutions for print service providers
"I believe that Presstek's successful performance at Graph Expo
underscores how well our business solutions fit the needs of today's print
market, especially our DI press and true chemistry-free computer-to-plate
solutions," said Ed Marino, Presstek's president and CEO. "The growth
opportunity for the market is clearly in short-run color printing. Presstek
products fit this growth opportunity by delivering high-quality, fast
turnaround, and cost effective short-run color printing that ultimately
enables higher profitability for print service providers. The customer
response at the show further validates Presstek's fit for this mainstream
growth model."
Marino continued, "We debuted our new 52DI in North America at the
show. It was very clear that this product helped us attract a new type of
customer with higher production needs. We can also service a wider range of
applications with larger print format requirements."
According to market research conducted by Dr. Joseph Webb of Strategies
for Management, "Much of the print industry's decline in shipments volume
has been in long-run printed documents. Short-run is actually mainstream.
Short-run printing weighs on the capital base that was purchased to produce
long-run printing, and until that installed base is replaced, profits are
negatively affected." Dr. Webb concludes, "Presstek has a unique
opportunity and position in the reshaping of the printing industry's
workflow and production methods. Presstek as a company, and print as a
medium, are at a fascinating crossroads of technology, market
opportunities, and competition. The company's products allow printers to
compress their workflow to eliminate costly steps, leveraging the modern
content creator's capabilities to make better, richer, and more predictable
printable files."
"This was an exciting show for Presstek. Our booth was filled with
high-quality prospects throughout the exhibition. Print service providers
demonstrated their enthusiastic embrace of Presstek products through the
customer commitments and qualified leads that we received," said Emile
Tabassi, Presstek's sales vice president for North America. "There is
strong interest in our chemistry-free computer-to-plate systems. And, the
response to the North American debut of the Presstek 52DI revealed how this
press can expand into additional markets such as the larger, higher
production shops that are looking for a smarter way to print. Needless to
say, our sales force is energized by the opportunities they see in the
market."
Tim Alton, president of Murray Printing, the first North American
company to install a 52DI concurs, "Our business has grown to the point
where the decision to upgrade to the Presstek 52DI was an easy one. Its
larger format size and increased throughput allows us to produce even more
printing projects per day, while keeping up with the exacting demands of
our customers. It is the ideal complement to our two-color and digital
toner-based presses."
Personal demonstrations of Presstek print business solutions can be
scheduled by visiting http://www.Presstek.com/events. For more information
visit http://www.presstek.com, email: info@presstek.com, or call
603-595-7000 in North America.
About Presstek
Presstek, Inc. is a leading manufacturer and marketer of high-tech
digital imaging solutions to the graphic arts and laser imaging markets.
Presstek's patented DI(R), CTP and plate products provide a streamlined
workflow in a chemistry-free environment, thereby reducing printing cycle
time and lowering production costs. Presstek solutions are designed to make
it easier for printers to cost effectively meet increasing customer demand
for high-quality, shorter print runs and faster turnaround while providing
improved profit margins.
Presstek subsidiary Precision Lithograining Corporation is a
manufacturer of high-quality digital and conventional printing plate
products, including Presstek's award-winning, chemistry-free Anthem plate.
Presstek subsidiary Lasertel, Inc., manufactures semiconductor laser diodes
for Presstek's and external customers' applications.
"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 the
performance and availability of existing and new products and technologies,
the market's demand for and acceptance of the company's existing and new
products, expectations of future growth and profitability, expected organic
and strategic growth, and the ability of the company to achieve its stated
objectives. 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, which are subject to
management and independent audit and review, 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, the uncertainties and delays involved with launching new
products, print market acceptance of and demand for the company's digital
and analog products, the overall course of the digital and analog market in
the graphic arts industry, the introduction of competing products, general
financial and economic factors that could cause customers to alter their
purchasing habits or delay purchasing technology upgrades, the ability of
the Company to fulfill customer commitments and close qualified sales
leads, and market factors' effect on the print industry generally and the
economy as a whole. Other risks are detailed in the company's 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)," "likely,"
"expectation(s)," "opportunity," 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:
Trade Relations Investor Relations
Betty LaBaugh Bob Lammey
Public Relations Manager Director, Investor Relations
603-594-8585 ext. 3441 603-594-8585 ext. 3559
blabaugh@presstek.com investorrelations@presstek.com
SOURCE Presstek, Inc.
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Related links:
http://www.presstek.com
CONTACT:
Trade Relations: Betty LaBaugh, Public
Relations Manager, +1-603-594-8585 ext. 3441,
blabaugh@presstek.com, or Investor Relations: Bob Lammey,
Director, Investor Relations, +1-603-594-8585 ext. 3559,
investorrelations@presstek.com, both of Presstek, Inc.
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