Elma, NY -- Servotronics, Inc. (Amex – SVT) reported net income of $204,000 (or $0.10 per
share – Basic and Diluted) on revenues of $6,530,000 for the first quarter ended March 31, 2007 as compared to net income of $273,000 (or $0.13 per share Basic, $0.12 per share Diluted) on revenues of $5,435,000 for the comparable period ended March 31, 2006. The approximate $69,000 decrease in the first quarter year to year net income is more than accounted for by the $209,000 period to period decrease in other pre-tax income not related to the sale of Company products. This period to period decrease in other pre-tax income of $209,000 was partially offset by a $110,000 period to period increase in pre-tax income from operations. The $110,000 in pre-tax income represents an approximate 58% increase in pre-tax income from operations on an approximate $1,095,000 or an approximate 20% increase in consolidated revenues for the first quarter of 2007 when compared to the revenues in the same period in 2006.

The Aerospace Industry Association stated that the civil aircraft sector of the Aerospace Industry was particularly strong in 2006 and that, based on the current backlog of commercial aircraft orders, they believe that this Aerospace Industry sector will continue to be strong in 2007. The Company’s Advanced Technology Group’s (ATG) increase in revenues for the three month period ended March 31, 2007 reflects this forecasted belief. As previously reported, the Company’s Consumer Product Group (CPG) has developed products for government and military applications which resulted in two significant contracts amounting to $4,000,000. Recently and not previously reported, another contract amounting to $800,000 has been received. These contracts have scheduled deliveries that commence in 2007 and continue into 2008.

The Company is composed of two groups – the ATG and the CPG. The ATG primarily designs, develops and manufactures servo control and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, machetes and combat, survival, sporting, agricultural, and pocket knives for both commercial and government applications.

In January of 2006, the Company’s Board of Directors authorized the purchase by the Company of up to 250,000 shares of its common stock in the open market or in privately negotiated transactions. As of March 31, 2007, the Company has purchased 144,357 shares under this authorization.