Bitstream Inc. Reports Second Quarter Results for 2010

Bitstream Inc. BITS today reported that total revenue increased by $186,000 or 4% to $5,435,000 for the three months ended June 30, 2010 as compared to total revenue of $5,249,000 for the three months ended June 30, 2009 and $227,000 or 4.4% sequentially as compared to $5,208,000 for the three months ended March 31, 2010. The Company's aggregate cash, cash equivalents, and investments at June 30, 2010 totaled $12,133,000, a decrease of $5,896,000, as compared to a balance of $18,029,000 at December 31, 2009, reflecting the use of $6,528,000 of cash to purchase certain assets of Press-sense Ltd. Bitstream Inc. develops software technologies and applications for the graphic art and mobile communications industries.