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Presstek Announces Retirement of Richard A. Williams

Thursday, January 09, 2003

Press release from the issuing company

HUDSON, N.H., Jan. 8 - Presstek, Inc., a leading provider of direct digital imaging technology, today announced the retirement of Mr. Richard A. Williams as Chief Scientific Officer of the company, effective today. One of Presstek's founders, Mr. Williams has been with the company since its inception in 1987. He has served as Chief Scientific Officer since March of 1999, and has held various positions with the company, including Chief Executive Officer. Mr. Williams has been the Chairman of Presstek's Board of Directors since 1998, and will continue in that capacity subsequent to his retirement. Commenting on his retirement, Richard A. Williams said, "Presstek has been a great part of my life for the last 15 years and I am confident that I am leaving it in good hands. It has a strong management team in place, and an attractive product line. While I am looking forward to spending a lot more time at the family deer farm in upstate New York, I plan to continue to be active at the board level at both Presstek and Lasertel." Presstek's President and Chief Executive Officer Edward J. Marino said, "Dick Williams has been the technical visionary of the company since its inception in 1987. His foresight and scientific expertise are responsible for Presstek's growth into one of the world's leading developers of digital laser imaging technologies. He has built an exceptional research and development team that rivals any in the industry. We are delighted that we will continue to benefit from his leadership and expertise through his continuing participation on both Presstek's and Lasertel's boards of directors."




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