Business News

Presstek Receives NASDAQ Staff Determination Regarding Previously Announced Delay in 10-K Filing

Monday 31. March 2008 - Presstek, Inc. (NASDAQ:PRST), 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.