Record Revenue At Presstek - More Growth To Come

Presstek Inc said that it expects to report record consolidated revenue of more than $53.0 million for the fourth quarter of 2004 - the highest quarterly revenue ever recorded by the company.

Presstek Inc said that it expects to report record consolidated revenue of more than $53.0 million for the fourth quarter of 2004 - the highest quarterly revenue ever recorded by the company.

Presstek president Edward J.

Marino said: "There have been a number of positive events that have taken place at Presstek within the past 12 months that have added to the strength of the company's continuing operations and future outlook, including two important acquisitions.

Beyond this, our core business also showed strength, achieving a number of revenue records in the fourth quarter of 2004.

We believe that the anticipated revenue for the fourth quarter of 2004 not only demonstrates the strength of our core business but also reflects many of the positive changes to our business that have occurred over the last 12 months." A B Dick, which was acquired by Presstek last November, is expected to generate revenues of approximately $24.0 million for the eight weeks under Presstek ownership.

Marino added: "The A B Dick business is running ahead of expectations and we are enthusiastic about the prospects of this business as we proceed with our integration.

Beyond the revenue contribution, A B Dick has also greatly expanded the company's customer base and broadened our channels to market." For the fourth quarter of 2004 Presstek expects record revenue of $14.8 million in its core DI and CTP consumable business, largely related to its award-winning Anthem plate.

The company said it also expects to report solid DI and Dimension CTP equipment revenue in the fourth quarter of 2004, led by sales of its DI presses primarily to Kodak Polychrome Graphics.

In addition, the company's Lasertel subsidiary is expected to report record external sales for the fourth quarter of last year.

Precision Lithograining, which was acquired by last July, is expected to achieve record revenue of approximately $7.0 million, or $5.0 million in external sales and $2.0 million in internal sales.

Presstek's chief financial officer Moosa E Moosa added: "We are pleased with the preliminary figures for the fourth quarter of 2004.

The record consumable revenue, record external sales at Lasertel, together with the record revenue at Precision are key indicators of the strength of Presstek's core business." Marino added: "The strength of Presstek's core business gives us a solid revenue platform to build upon and we anticipate continued growth through 2005 and for the foreseeable future.

Last year was a pivotal year for Presstek.

We have greatly expanded our customer base and substantially broadened our channels to market, creating a strong foundation on which to grow.

We are more optimistic about our company than ever before.".

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