Presstek Appoints James W. LaRue Vice President Worldwide Manufacturing and Supply Chain
HUDSON, NH—Sept. 4, 2007—Presstek, Inc. (Nasdaq: PRST), the leading manufacturer and marketer of digital offset printing business solutions, today announced the appointment of James W. LaRue as vice president of worldwide manufacturing and supply chain. In this role, LaRue will direct the development and implementation of operational and production goals to address quality and efficiency objectives and will report directly to Jeff Jacobson, president and chief executive officer. LaRue will also plan and implement all initiatives related to inventory planning, quality control and customer service and will develop processes and systems to improve material efficiency and streamline procedures.
LaRue brings a strong supply chain and operations management background to Presstek and joins the company after serving as both general manager of global SAP programs and global supply chain leader for Eastman Kodak. LaRue has also worked as vice president of supply chain for Kodak Polychrome Graphics and for OKI Data Corporation after also working for Johnson & Johnson and serving in the U.S. Navy. LaRue has received certification in Integrated Resource Management and Production and Inventory Management from the American Production and Inventory Control Society and received his B.A in Business Administration from the University of Oklahoma.
“Jim brings a history of operational excellence and seamless ERP implementations to Presstek,” said Jeff Jacobson, Presstek president and chief executive officer. “Jim’s considerable industry expertise with developing successful global supply chain and inventory control strategies will be an invaluable asset to Presstek as we continue to expand our presence internationally and deliver customer-focused solutions for the changing global demands of the graphic communications market.”
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.
“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 expectations, regarding revenue and profitability 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 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, market acceptance of and demand for the company’s products and resulting revenue; further review and finalization of the Company’s results and subsequent audit review of transaction documentation; the ability of the company to meet its stated financial and operational objectives, the company’s dependency on its strategic partners (both on manufacturing and distribution), 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.
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