![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, March 28, 2008 1:32:44 PM
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
Recent PRST News
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/12/2024 10:13:51 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 10:08:57 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/07/2024 09:00:36 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/07/2024 01:11:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 12:14:11 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/25/2024 08:41:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 04:22:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 09:17:34 PM
- UPDATE – Presto Pilots Drive-Thru Voice AI at Taco John’s • GlobeNewswire Inc. • 06/03/2024 11:48:20 AM
- Presto Pilots Drive-Thru Voice AI at Taco John’s • GlobeNewswire Inc. • 06/03/2024 10:00:00 AM
- Presto Automation Announces Fiscal Third Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/21/2024 05:10:22 AM
- Presto Announces Pilot of Spanish Voice AI for Drive-Thrus • GlobeNewswire Inc. • 05/20/2024 12:30:00 PM
- Presto to Report Fiscal Third Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/14/2024 01:00:00 PM
- Presto Introduces Presto Voice™ with Pure AI for Enhanced Automated Drive-Thru Ordering • GlobeNewswire Inc. • 05/07/2024 12:30:00 PM
- Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum Price • GlobeNewswire Inc. • 03/14/2024 02:44:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 11:00:22 AM
- Presto Automation cancels Fiscal Second Quarter 2024 earnings call • GlobeNewswire Inc. • 03/05/2024 07:56:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:18:18 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 03/01/2024 10:27:38 PM
- Presto to Report Fiscal Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 03/01/2024 08:13:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:45:22 PM
- Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering • GlobeNewswire Inc. • 02/29/2024 02:42:23 PM
- This Stock Duo Is Having Compounding Success This Week • AllPennyStocks.com • 02/28/2024 02:30:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:15:30 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/21/2024 03:02:39 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Mawson Finland Provides Update on Exploration Activities at Rajapalot • MFL • Aug 21, 2024 9:06 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM