(Source: PrimeNewswire)GREEN BAY, Wis., May 14, 2009 (GLOBE NEWSWIRE) -- Tufco Technologies, Inc. (Nasdaq:TFCO), the largest contract converter of branded wet and dry wipes in North America and a leader in specialty printing services and business imaging products, today announced that fiscal year 2009 second quarter sales were $19,455,000, down 34% over fiscal year 2008 second quarter sales. For the first six months of 2009, sales were $42,641,000, compared to $54,422,000 for the 2008 first six months, a decrease of 22%.

Net loss per diluted share for the 2009 second quarter was $0.15 per share compared to $0.04 net income per diluted share for the second quarter of 2008. For the first six months of 2009, net loss per diluted share was $0.15 per share compared to $0.05 net income per share for the first six months of 2008.

In commenting on the results, Louis LeCalsey, Tufco's President and CEO said, "The major cause of our second quarter decreases in sales volume and earnings was a substantial decline in demand from our consumer products customers. While we did generate new business during the second quarter, it, along with cost reductions and productivity improvements, was not enough to offset the drop in demand for our consumer products. However, we expect to show improved sales volume as the economy improves and retailers begin to replenish inventories and new business continues to improve."

"It is important to note, on the business building side, that our new canister line is scheduled to start up in July," he concluded.

Tufco, headquartered in Green Bay, Wisconsin, has manufacturing operations in Wisconsin and North Carolina.

Information about the results reported herein, or copies of the Company's Quarterly Reports may be obtained by calling the contact person listed below.

This press release, including the discussion of the Company's fiscal 2009 results in comparison to fiscal 2008 contains forward-looking statements regarding current expectations, risks and uncertainties for future periods.