(Source: PrimeNewswire)GREEN BAY, Wis., Aug. 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 third quarter sales were $22,026,000, down 28% over fiscal year 2008 third quarter sales. For the first nine months of 2009, sales were $64,667,000, compared to $85,096,000 for the first nine months of 2008, a decrease of 24%.

Net loss per diluted share for the 2009 third quarter was $14,000 or $0.00 per share compared to $0.07 net income per diluted share for the third quarter of 2008. For the first nine months of 2009, net loss per diluted share was $0.15 per share compared to $0.12 net income per share for the first nine months of 2008.

In commenting on the results, Louis LeCalsey, Tufco's President and CEO, said, "The third quarter continued to be a difficult consumer environment for our customers and we expect continuing difficulty in the fourth quarter. Third quarter new business along with cost reductions and productivity improvements were not enough to offset the drop in demand."

"We are pursuing many opportunities to grow revenues. For example, we expect our new canister line to become operational late in the fourth fiscal quarter," 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.