Servotronics, Inc.’s annual meeting was held in Buffalo, New York on Friday, June 29, 2007. The Company’s current successes were reviewed and presented. The Company is composed of two groups - the Advanced Technology Group (ATG) and the Consumer Products Group (CPG). The ATG 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, agriculture, and pocket knives for both commercial and government applications.

The year 2006 was one of increasing strength for the Aerospace industry and for Servotronics. The Company’s net income in 2006 was $1,096,000 or approximately $0.55 per share on revenues of $24,548,000, a $177,000 increase in net income after removing the effects of other income not attributable to operations when compared to 2005.  The year 2006 was the fourth consecutive year of increasing revenues and net income from operations. This continued revenue improvement represents an almost 60% increase when compared to Servotronics’ post 9/11 revenues which decreased to a low of $15,607,000 in 2002.  2002 was the first full year the Aerospace industry and the economy in general felt the devastating effects of the 9/11 terror attack.  This positive trend is anticipated to continue through 2007.

Recently the Company exhibited at the Paris International Air Show, which is structured to promote and increase the efficient exchange of information, to provide leads and to establish communication conduits at all marketing, administration and engineering levels. During the show Boeing and Airbus reported substantial new aircraft orders, which benefits the Company’s ATG as a long term supplier of control valves for both the Airbus and Boeing series of aircraft.

Re-elected as Company Directors at the meeting were Dr. Nicholas D. Trbovich, Donald W. Hedges, Dr. William H. Duerig, and Nicholas D. Trbovich, Jr.

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 June 29, 2007, the Company has acquired 194,357 shares during the past 18 months.