ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.
Presto Technologies Inc

Presto Technologies Inc (PRST)

0.1774
-0.0193
(-9.81%)
Closed April 15 4:00PM
0.1773
-0.0001
( -0.06% )
Pre Market: 8:36AM

Unlock more advanced trading tools

Join ADVFN today

Key stats and details

Current Price
0.1773
Bid
0.1716
Ask
0.1774
Volume
4,983
0.00 Day's Range 0.00
0.137 52 Week Range 5.74
Market Cap
Previous Close
0.1774
Open
-
Last Trade Time
08:36:07
Financial Volume
-
VWAP
-
Average Volume (3m)
5,119,693
Shares Outstanding
80,791,967
Dividend Yield
-
PE Ratio
-0.42
Earnings Per Share (EPS)
-0.43
Revenue
26.14M
Net Profit
-34.48M

About Presto Technologies Inc

Presto Automation Inc overlays next-gen digital solutions onto the physical world. Presto Automation Inc overlays next-gen digital solutions onto the physical world.

Sector
Prepackaged Software
Industry
Blank Checks
Website
Headquarters
Wilmington, Delaware, USA
Founded
2022
Presto Technologies Inc is listed in the Prepackaged Software sector of the NASDAQ with ticker PRST. The last closing price for Presto Technologies was $0.18. Over the last year, Presto Technologies shares have traded in a share price range of $ 0.137 to $ 5.74.

Presto Technologies currently has 80,791,967 shares outstanding. The market capitalization of Presto Technologies is $14.54 million. Presto Technologies has a price to earnings ratio (PE ratio) of -0.42.

PRST Latest News

Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum Price

SAN CARLOS, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the...

Presto Automation cancels Fiscal Second Quarter 2024 earnings call

SAN CARLOS, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), announces that it is canceling its earnings call previously scheduled for 5 pm ET today. The...

Presto to Report Fiscal Second Quarter 2024 Financial Results

SAN CARLOS, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq:PRST) (“Presto” or the “Company”), one of the largest drive-thru automation technology providers in the...

Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering

SAN CARLOS, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.01237.454545454550.1650.20830.16511663460.18414588CS
4-0.0666-27.30627306270.24390.2750.13717637640.20177193CS
12-0.1127-38.86206896550.290.74080.13751196930.31665165CS
26-1.2327-87.42553191491.411.570.13725023360.33598246CS
52-2.1027-92.22368421052.285.740.13720652371.58583308CS
156-7.1027-97.56456043967.288.630.13713604871.63845726CS
260-7.1027-97.56456043967.288.630.13713604871.63845726CS

Market Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
DYNTDynatronics Corp
$ 0.727
(96.27%)
10.5M
PALIPalisade Bio Inc
$ 7.20
(73.08%)
685.34k
WISAWiSA Technologies Inc
$ 2.6697
(52.55%)
11.58M
PRSOPeraso Inc
$ 1.8398
(44.87%)
5M
DFLIDragonfly Energy Holdings Corporation
$ 0.6361
(41.36%)
6.81M
ALPPAlpine 4 Holdings Inc
$ 0.5111
(-30.93%)
3
PRAXPraxis Precision Medicines Inc
$ 39.00
(-26.95%)
1
PACBPacific Biosciences of California Inc
$ 2.11
(-25.57%)
1.11M
INOInovio Pharmaceuticals Inc New
$ 8.32
(-24.29%)
10.42k
AIHAesthetic Medical International Holdings Group Ltd
$ 0.3029
(-23.34%)
9
KXINKaixin Holdings
$ 0.1563
(4.20%)
13.07M
WISAWiSA Technologies Inc
$ 2.67
(52.57%)
11.59M
DYNTDynatronics Corp
$ 0.727
(96.27%)
10.5M
SPCBSuperCom Ltd
$ 0.4865
(21.50%)
10.23M
JAGXJaguar Health Inc
$ 0.1403
(18.10%)
8.15M

PRST Discussion

View Posts
TrendTrade2016 TrendTrade2016 1 month ago
THE BOOGIE MAN WAS...YOU NEED TO LEARN DILUTION OVER POKING..SMH
👍️0
madras50 madras50 1 month ago
This thing have any bounce left in it?
👍️0
Awl416 Awl416 1 month ago
Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum Price
👍️0
TrendTrade2016 TrendTrade2016 1 month ago
offering..lol
👍️0
Invest-in-America Invest-in-America 1 month ago
PRST: Huuuuuuuge DUMP!!! WOW!!! (And just when it was supposed to SOAR!!!)
👍️0
skydog526 skydog526 1 month ago
Pump and Dump?
👍️0
TrendTrade2016 TrendTrade2016 1 month ago
another round of dilution
👍️0
0210 0210 1 month ago
How Restaurants Are Implementing AI
AI growing @restaurants, across-the-globe! Enhance guest experience by streamlining processes such as taking orders or providing assistance where needed.

Understand guest sentiment based on first-party surveys and online ratings and reviews. Then, marketing automation can engage each guest individually automatically, saving you time and lowering marketing costs.

Other examples include:
>>> ordering kiosks at fast food establishments
>>> automation software for seat management and waitlist administration
>>> robots that deliver dishes or produce drinks
>>> AI-driven chatbots that provide customer support
>>> voice-controlled devices to navigate through menus and ordering systems
>>> AI-powered dish recognition to accurately detect ingredients on a plate

Technological innovations not only streamline tasks for restaurant staff but also significantly enhance the guest experience.

An innovative example is AI-driven word cloud, which aggregates data from online guest reviews and first-party surveys. This tool allows restaurant owners and managers to quickly assess guest sentiment, providing valuable insights for data-driven improvements to the dining experience, ultimately enhancing ratings and reviews.

What high-end restauarant wouldn't have AI-driven word cloud?
Restaurants are continuing to explore ways they can leverage AI to help make operations more efficient while also creating a more enjoyable guest experience.
👍️0
Awl416 Awl416 1 month ago
Oh my
👍️0
Invest-in-America Invest-in-America 1 month ago
PRST: This was "Seeking Alpha's" TOP PICK for 2024 in the "AI" arena. (Were they PSYCHIC, or merely PSYCHO???)
https://seekingalpha.com/article/4655009-presto-automation-my-top-ai-pick-for-2024
👍️0
Awl416 Awl416 1 month ago
Who’s poking it?
👍️0
Triple nickle Triple nickle 2 months ago
VANI
👍️0
Awl416 Awl416 2 months ago
Broke yesterdays after hours high
👍️0
Invest-in-America Invest-in-America 2 months ago
PRST: Hey, Dude, MONSTER "alert" here today, & very early to boot --- and SOARING in the Post-M too. But WHY are you so LOW-KEY with a great alert like this??? And on the Orions' Board, you simply (again) merely posted the PRST call letters, plus a CHART for this stock --- with ZERO commentary, nor excitement. Are you actually BUYING any of your great alerts, or simply posting CALL LETTERS for such??
👍️0
glenn1919 glenn1919 2 months ago
PRST.....................................................https://stockcharts.com/h-sc/ui?s=PRST&p=W&b=5&g=0&id=p86431144783
👍️0
Monksdream Monksdream 5 months ago
PRST new 52 week low
👍️0
Monksdream Monksdream 5 months ago
PRST new 52 week low
👍️0
Monksdream Monksdream 6 months ago
PRST new 52 week low
👍️0
Monksdream Monksdream 6 months ago
PRST new 52 week low
👍️0
Monksdream Monksdream 9 months ago
Robotics is a fantastic business
👍️0
Invest-in-America Invest-in-America 12 months ago
PRST: Sooooooo, the proverbial 'Hot Dog Has Fallen Off The Mustard'--- as they say in Sports --- over on old SATX!!! And NOW, PRST will continue SATX's recent attempt to reach Jupiter??? (All puns intended.)
https://finance.yahoo.com/news/satixfy-presto-engineering-partner-test-120000222.html


And then, all-of-a-sudden, as if precipitated by the mentalist powers of The Amazing Kreskin himself --- "PRESTO" --- and it's the PARTNER Company's stock that will now be SOARING??? (All puns intended.)
👍️0
subslover subslover 12 months ago
Yes, I agree, we bounced off 4, and IMHO if we break that today we will explode. Could run Monday? But with this crazy market, who knows?lol
👍️0
tw0122 tw0122 12 months ago
PRESTO Back in again at $3.36 earlier today…seen if we bust that $4 again like the other day.. If not will take the smaller gains at stop loss.
👍️0
subslover subslover 12 months ago
I am going for nice gains today! 50% isn't whistling dixie! :)
👍️0
subslover subslover 12 months ago
Looking strong in the pre market
👍️0
benchman benchman 12 months ago
That is wow. Dang. I am out of this, but what a move.
👍️0
TheFinalCD TheFinalCD 12 months ago
5.20 that was nutz look at the volume 107m=WOW
👍️0
TheFinalCD TheFinalCD 12 months ago
PRST HIT $4'S CONGRAT$
👍️0
tw0122 tw0122 1 year ago
Out of remaining 20% at $2.46.
Maybe round 2 under $2 but probably won’t play it anymore today.
👍️0
tw0122 tw0122 1 year ago
Thanks not here for things to shoot to the moon. 20% will hold for moon and if comes back to $2.20 out of that. Quick gains get out of most and then watch previous resistance levels. Blew through $2.20 resistance next $3 then $4 just for rounding purposes.
👍️0
TheFinalCD TheFinalCD 1 year ago
CONGRAT$ PRST
👍️0
tw0122 tw0122 1 year ago
Posted before market open after space call but best could do was get in at $1.90s and flip out 80% of trade at $2.20s. Let 20% ride in case$3 resistance blown out
👍️0
tw0122 tw0122 1 year ago
On watch again AI chat GPT play
👍️0
benchman benchman 2 years ago
And anyone that bought yesterday under $2, also very smart move. Has hit $2.80 now in pre-market. Could we see $5+ again?? $PRST
👍️0
TheFinalCD TheFinalCD 2 years ago
nice trade

now 2.18

be thankful very thankful you sold and didnt hold

aka smart move
👍️0
tw0122 tw0122 2 years ago
Out at $6.62
👍️0
tw0122 tw0122 2 years ago
Bought the $5.20 dip back to $7 soon
👍️0
makinezmoney makinezmoney 2 years ago
$PRST: Now Presto Automation.... from VTAQ

https://prestoautomation.com/


DeSpac'ed............... here she goes.


Just hit $9.50


Got in at $5.50 in PreMarket !!!!!!!!!!!!!



$TMNA is next................ get those WINNERS



GO $PRST



**********************************************************************************************


Industrial Automation Solutions
Our aim is to enable manufacturers worldwide to create, maintain, and increase their competitive edge through safe, efficient, and cost-effective modern automation solutions. We understand our role and responsibility in creating the manufacturing plants of the future and strive to implement that forward-looking focus into our solutions for the benefit of the next generation.



Presto Automation is specialized in automated system integration. We can help you throughout the entire life cycle of an automated machine with regards to enclosure design, system electrical designs, PLC/HMI programming, and accessory device programming/integration. Whether it be a concept, new install, or modification to existing equipment, we can help keep the process smooth and ensure that your goals are achieved.

👍️0
erok2020 erok2020 13 years ago
Still creeping up..
👍️0
erok2020 erok2020 13 years ago
Is anyone else here? It sure is quiet around here........
👍️0
erok2020 erok2020 13 years ago
I'm in @ $.77.. ready for this pinch to bust right open. Nice up trend the past 3 days and it should continue. All my indicators are confirming.. so let's see!
$PRST
👍️0
MartvanderVelde MartvanderVelde 13 years ago
PRST @ 1.86 up 17.72%
👍️0
Losingmoney Losingmoney 14 years ago
Nice Insider buy today!! Check our Micro Insider board for more information on this purchase!!


Losing
👍️0
buhg1b buhg1b 16 years ago
Presstek Appoints Wayne L. Parker Vice President and Corporate Controller

HUDSON, N.H., April 28 /PRNewswire-FirstCall/ -- Presstek, Inc. NASDAQ: PRST, the leading manufacturer and marketer of digital offset business solutions, today announced that Wayne L. Parker has been appointed Vice President and Corporate Controller. Mr. Parker is a CPA with extensive financial experience, including compliance and audit, in major organizations across several industries. Mr. Parker joined Presstek in May, 2007 as Director of Internal Audit. Prior to joining Presstek, Mr. Parker served as Director, Sarbanes-Oxley Compliance at Eastman Kodak Company's Graphics Communications Group; and Director of Internal Audit at Kodak Polychrome Graphics, a $1.7 billion international organization that manufactured and distributed consumables for the printing industry.

"I am pleased to appoint an individual with Wayne's talent, dedication and expertise to this critical role at Presstek," commented Jeff Cook, Executive Vice President and Chief Financial Officer. "Since his arrival, Wayne has played a significant role in the extensive business process reviews we conducted during 2007. He is ideally positioned to assume the Controller responsibilities and continue strengthening our internal controls while becoming a key member of the company's leadership team."

About Presstek

Presstek, Inc. is the 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, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For more information visit www.presstek.com, or call 603-595-7000 or email: info@presstek.com.

DI is a registered trademark of Presstek, Inc.

Contacts
Investor Relations Trade Relations
Kathleen Makrakis Betty LaBaugh
Director of Investor Relations Public Relations Manager
203-485-7534, ext. 1432 603-594-8585, ext. 3441
kmakrakis@presstek.com blabaugh@presstek.com

Website: http://www.presstek.com/
👍️0
buhg1b buhg1b 16 years ago
Presstek 52DI(R) Acquired by Houston's Largest Independent, Family-owned Commercial Printer
Thursday April 10, 1:25 pm ET
Southwest Precision Printers, L.P. to improve efficiencies, add new capabilities and fill digital offset production gap

HUDSON, N.H., April 10 /PRNewswire-FirstCall/ -- Presstek Inc. (Nasdaq: PRST - News), the leading manufacturer and marketer of digital offset printing business solutions, today announced that Southwest Precision Printers, L.P. the largest independent, family-owned commercial printer in Houston, Texas, has acquired a Presstek 52DI digital offset press to augment its printing production portfolio, consisting of a high volume, ultra short-run digital press, five small presses and three 40-inch conventional offset sheetfed presses.

"By adding the Presstek 52DI to our operation, we will be able to more efficiently produce high quality four-color printing in the 2,000 to 10,000 quantity range," said Tim Tully, President of Southwest Precision Printers. "By moving this work from our 40-inch presses to the DI, we are adding capacity on the 40-inch presses for longer run, larger format projects that are more suited to those presses. At the same time, we see significant opportunity to solicit new work from our customers made possible by the DI press." Tully also plans to utilize the DI press to produce four-color letter-size envelope. "This is a growth market," he adds. "We have been outsourcing this product, and with the DI, will now be able to produce them ourselves."

Presstek DI presses offer a competitive advantage in the fastest growing segment of the short-run on-demand print market. Job profitability is 13 percent higher on a DI press compared to a conventional press, and compared to a production color toner-based digital device; the DI press saves 50 percent on average per letter-size page, according to research firm InfoTrends. Easy-to-use DI presses produce more jobs in less time with their highly automated functions, waterless press design, and operating speed of up to 20,000 letter-size pages per hour-offering all-digital workflow efficiency with offset printing versatility and quality.

"Southwest Precision Printers is a good example of the commercial printer who has adopted the business strategy for the future-hybrid print production," said Jeff Jacobson, Presstek's President and CEO. "Presstek DI presses, in conjunction with an ultra-short run digital device and conventional press, empower the printer to choose the right tool for the right job, which increases efficiency while delivering profitable results. I believe that all printers should evaluate the opportunity that DI presses can bring to their business."

As an environmentally responsible printer, Southwest Precision Printers was also attracted by the chemistry-free imaging and waterless printing process offered by the Presstek 52DI. "This capability is something we will be heavily promoting to our customers," said Tully. "Anything we can do to make our printing process more environmentally sustainable is good for our business, good for our customers and a competitive advantage for us in the marketplace."

For more information about Presstek, DI presses and environmentally friendly printing, visit www.presstek.com or email: info@presstek.com or call 1-800-524-0003, ext. 3599 (1-603-594-8585, ext. 3599 from outside the United States).

About Presstek

Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI®, 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, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For more information visit www.presstek.com, or call 603-595-7000 or email: info@presstek.com.

DI is a registered trademark of Presstek, Inc.

Contacts
Investor Relations Trade Relations
Kathleen Makrakis Betty LaBaugh
Director of Investor Relations Public Relations Manager
203-485-7534, ext. 1432 603-594-8585, ext. 3441
kmakrakis@presstek.com blabaugh@presstek.com


Source: Presstek Inc.


👍️0
buhg1b buhg1b 16 years ago
Shares issued to FDS.

http://pinksheets.com/edgar/GetFilingHtml?FilingID=5859373
👍️0
buhg1b buhg1b 16 years ago
Presstek Appoints Frank D. Steenburgh to Board of Directors
Tuesday April 8, 10:31 am ET
Digital Printing and Publishing Pioneer Strengthens Strategic and Operational Talent of Board of Directors

HUDSON, N.H., April 8, 2008 /PRNewswire-FirstCall/ -- Presstek, Inc. (Nasdaq: PRST - News), the leading manufacturer and marketer of digital offset business solutions, today announced that Frank D. Steenburgh has been appointed to Presstek's Board of Directors. Mr. Steenburgh, who has more than 25 years of senior management experience in digital printing, will focus on helping Presstek expand its role in the growing digital color printing market.

Mr. Steenburgh retired from Xerox Corporation in 2005 as the Senior Vice President, Business Growth. He joined Xerox in 1967 and held a range of management positions. He was responsible for growing Xerox's $4.5 billion production business, with a strong focus on digital color, in his most recent position. He currently serves as the Chief Marketing Officer at ColorCentric Corporation.

"I am thrilled to welcome Frank to our Board," said Jeff Jacobson, Presstek President and Chief Executive Officer. "Frank is one of the most respected and experienced leaders in the graphic arts industry. He brings a breadth of global industry experience and vision and will provide tremendous input towards our evolving digital growth strategies. We welcome his many insights as we capitalize on our growth opportunities and build a sustainable profit orientated company."

"Presstek has a strong history of innovation and is an established leader in digital offset printing," said Frank Steenburgh. "I look forward to joining the board and providing counsel that will help shape the future direction of the company."

About Presstek

Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI®, 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, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For more information visit http://www.presstek.com, or call 603-595-7000 or email: info@presstek.com.

DI is a registered trademark of Presstek, Inc.

Contacts
Investor Relations Trade Relations
Kathleen Makrakis Betty LaBaugh
Director of Investor Relations Public Relations Manager
203-485-7534, ext. 1432 603-594-8585, ext. 3441
kmakrakis@presstek.com blabaugh@presstek.com

👍️0
buhg1b buhg1b 16 years ago
Conference Call (Q4 2007)
Scheduled to start Thu, Apr 3, 2008, 8:30 am Eastern

http://biz.yahoo.com/cc/0/91230.html
👍️0
buhg1b buhg1b 16 years ago
Presstek Announces Information Regarding Fourth Quarter 2007 Financial Results
Monday March 31, 12:12 pm ET

HUDSON, N.H., March 31 /PRNewswire-FirstCall/ -- Presstek, Inc. (Nasdaq: PRST - News), a leading manufacturer and marketer of high tech digital imaging solutions for the graphic arts and laser imaging markets, today announced it will release its fourth quarter 2007 financial results before the market opens on Thursday, April 3, 2008. In conjunction with this announcement, Presstek senior management will host a conference call on April 3, 2008 at 8:30 a.m. (ET) to discuss the results.

The call will be open to all interested parties and may be accessed by using the following information:

CONFERENCE CALL ACCESS
Domestic Dial In: (866) 362-5158
International Dial In: (617) 597-5397
Passcode: 49516636

Investors can access the call in a "listen only" mode via the Internet at http://www.presstek.com.

In addition, for those unable to participate at the time of the call, a rebroadcast will be available following the call from Thursday, April 3, 2008 at 10:30 AM Eastern Standard Time until Thursday, April 10, 2008 Eastern Standard Time at midnight. The rebroadcast may be accessed on the Internet at http://www.presstek.com or by telephone using the following information:

REBROADCAST ACCESS
Domestic Dial In: (888) 286-8010
International Dial In: (617) 801-6888
Passcode: 75496937

About Presstek

Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI®, 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, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications.

For more information visit www.presstek.com, or call 603-595-7000 or email: info@presstek.com.

Contact:
Kathleen Makrakis
Director Investor Relations
(203) 485-7534, ext 1432

http://biz.yahoo.com/prnews/080331/nem093.html?.v=36
👍️0
buhg1b buhg1b 16 years ago
Presstek Receives NASDAQ Staff Determination Regarding Previously Announced Delay in 10-K Filing
Friday March 28, 1:09 pm ET

HUDSON, N.H., March 28 /PRNewswire-FirstCall/ -- Presstek, Inc. (Nasdaq: PRST - News), a leading manufacturer and marketer of high tech digital imaging solutions for the graphic arts and laser imaging markets, today announced that, as expected, on March 24, 2008, it received a NASDAQ Staff Determination notifying the company that the failure to timely file its Form 10-K for the period ending December 29, 2007 constitutes a failure to satisfy the filing requirement for continued listing under NASDAQ Marketplace Rule 4310(c) (14).

On March 4, 2008, the company announced that the extensive work efforts required during the latter part of 2007 to complete the company's previously disclosed financial and business process reviews and file its third quarter 2007 Form 10-Q, have resulted in the delayed filing of its annual report on Form 10-K for the year ended December 29, 2007 with the SEC. The company also announced that the delay in filing its Form 10-K is due to the company's late start in closing Q4 2007 financial records.

The company intends to file its Form 10-K for the period ending on December 29, 2007 as soon as practicable.

Pursuant to NASDAQ procedures, the company plans to appeal the Staff Determination and request a hearing before a NASDAQ Listing Qualifications Panel to review the Staff Determination. This hearing request is expected to stay the suspension of trading and delisting of the company's securities pending the issuance of the Panel's decision. Thus, pending a decision by the Panel, the company's shares will remain listed under the ticker symbol PRST on The NASDAQ Stock Market. There can be no assurance that the Panel will grant the Company's request for continued listing.

About Presstek

Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI®, 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, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications.

For more information visit http://www.presstek.com, or call 603-595-7000 or email: info@presstek.com.

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 results of internal reviews and their impact on the company's ability to file required reports with the Securities and Exchange Commission on a timely basis and the related NASDAQ Staff Determination notifying the company that the failure to timely file its Form 10-K for the period ending December 29, 2007 constitutes a failure to satisfy the filing requirement for continued listing under NASDAQ Marketplace Rule 4310(c) (14). 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, the results and impact of the company's internal reviews, the possible delisting of the company's stock from the NASDAQ Stock Market, and other risks 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)," "project(s)," "likely," "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.

Contact:
Kathleen Makrakis
Director Investor Relations
(203) 485-7534, ext 1432

http://biz.yahoo.com/prnews/080328/nef031.html?.v=48
👍️0

Your Recent History

Delayed Upgrade Clock