Impresse.com, the US e-commerce printing company, showed signs of increasing financial difficulty when it laid off an undisclosed number of sales and marketing staff and chief executive Nimish Mehta resigned last week.


Impresse, which withdrew its plans to float on Nasdaq under the symbol IMPC this May (PrintWeek, 31 May) following global nose-diving of dot.com shares, confirmed that Mehta had left the company to spend more time with his family.


However, the company would not elaborate on the number of redundancies nor on Siva Kumar who has replaced Mehta for the time being.


Impresse reported revenues last year of 113,000 and losses of 13.7m.


Other online print firms are also suffering steeply declining share prices. ImageX.com has seen its shares plummet from a 52-week high of 31 down to last week's closure of 2.90, whilst Iprint.com closed at 2.07, down from 19.65.


Story by Eloise Seddon