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Presstek's Marino and Moosa Sign New Three Year Agreements

Friday, February 04, 2005

Press release from the issuing company

HUDSON, N.H., Feb. 3 -- Presstek, Inc., a leading provider of direct digital imaging technology, announced today that Edward J. Marino, Presstek's President and Chief Executive Officer and Moosa E. Moosa, Presstek's Executive Vice President and Chief Financial Officer have signed new three-year employment agreements with the company extending their employment through 2008. Presstek Board Member and Compensation Committee Chairman John W. Dreyer said, "We are delighted that Ed and Moosa have agreed to continue to guide Presstek's future. Leading Presstek's solid management team, Ed and Moosa have transformed the company, establishing a solid foundation, and setting a strong course for the future. The three-year terms of their new contracts provides the company with the important continuity of leadership. We are looking forward to the future with them at the helm." Commenting on his new agreement Edward J. Marino said, "I am extremely pleased to have the continued opportunity to lead Presstek at this incredibly exciting time in its history. I feel fortunate to be able to continue to work with Moosa, our high quality management team, and all of our talented employees. I believe Presstek's future has never been better and look forward to working with everyone to make our vision a reality." Chief Financial Officer Moosa E. Moosa said, "The past year has been full of interesting challenges and exciting opportunities. We have accomplished a lot in that short time -- expanding our solid foundation and building new platforms for growth. The Presstek team has done a great job of rising to each challenge with resolve and bringing each to a successful conclusion. I believe we have created a solid financial platform for the company to build upon. I am looking forward to being a part of Presstek's future."

 

 

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