Taglich Brothers Initiates Coverage of Baldwin Technology Company, Inc.

NEW YORK, NY--(Marketwire - April 28, 2009) - Taglich Brothers, Inc. announces it initiated coverage of Baldwin Technology Company, Inc. (NYSE: BLD).

Baldwin Technology Company, Inc. (NYSE: BLD), headquartered in Shelton, CT, supplies the printing and publishing industry -- OEMs as well as printers and publishers -- with process automation equipment aimed at enhancing cost effectiveness, product quality and productivity. With almost 80% of its revenue generated overseas, the company maintains substantial facilities in Germany, Sweden, India, Japan and China.

Baldwin's principal product lines consist of cleaning systems, fluid management and other process automation equipment. During the past five years, sales of cleaning systems have accounted for roughly half of revenue and have grown at roughly 10% a year, as have sales of fluid management systems, which have accounted for around 20% of revenue during the period. Sales of other process automation equipment -- web severers and web catchers, ink control systems, ultraviolet and infrared dryers, gluing systems, and service and parts -- have outperformed the other product lines, growing an average of 17% annually during this five-year period. Other process automation equipment now accounts for almost a third of revenue.

Baldwin's largest market is Western Europe, within which Germany and Sweden generated 32% and 11%, respectively, of total FY2008 revenue. While the US accounted for only 21% of FY2008 revenue, US sales have gained sharply during the past three years. By contrast, growth in Japan, which accounted for more than a third of revenue several years earlier, has weakened during the past five years.

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Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

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Contact Information: Contact: Richard Oh Taglich Brothers, Inc. 631-757-1500