Mattman Completes Delivery of the First Phase of Armored Vehicles for the U.S. State Department and Starts Production on Second Phase

SAN MARCOS, Calif.--Feb. 8, 2006--Mattman Specialty Vehicle, Inc. (OTC:MMSV) (www.mattmanvehicles.com), today announced that it has completed production of the first 9 armored vehicles for the U.S. State Department and will start production on the remaining 3 vehicles. This contract is valued in excess of $2.0 million and called for Mattman to design and equip each of these state-of-the-art units to provide its client with full bullet-proof capability and high-tech communication technology, which can be deployed throughout the world.

MMSV designs and manufactures vehicles for a broad array of clientele, including federal and municipal law enforcement agencies, fire departments, medical establishments, Fortune 500 corporations, airports, and others. Mattman custom engineers modifications to production vehicles based on a client's specific need for interoperability, weapons access, protection level, and aesthetic appeal. Mattman has established an enviable reputation in the industry by providing the finest quality specialty vehicles for over a decade.

Mattman's State Department contract represents the largest order it has received from the U.S. Government in its 22-year history, and reflects the emphasis that Mattman is placing on U.S. defense and homeland security in 2006. Based on Mattman's projected 2006 average margins, the contract should generate approximately $500,000 of operating income and $150,000 of EBITDA.

John Mattman, Chairman of Mattman, in discussing the State Department contract, stated: "The fulfillment of phase one of this contract demonstrates the diverse capabilities of the Company and the ability of Mattman to create functional vehicles that meet very specific needs. The fact that State Department is coming to us to fulfill its critical needs underscores Mattman's well known commitment to unparalleled quality and reliability. Having recently entered the public marketplace, MMSV is even better positioned to serve both our customers and shareholders."

Mattman has experienced strong growth in recent years, with a current growth rate of in excess of 40%. Sales for fiscal year 2005 totaled $9.9 million. Mattman's current backlog is in excess of $14.0 million. Mattman projects 2006 end-of-year sales to be approximately $14.0 million, with gross margins remaining in excess of 20%. Earnings before interest, taxes, depreciation, and amortization ("EBITDA") for fiscal 2005 was approximately $550,000 and is expected to double in 2006 to approximately $1.0 million.

ABOUT MATTMAN

Mattman was formed in 1983 by former Secret Service agent Jurg Mattman. The Company's primary service was dignitary and VIP protection. In 1984, Mattman was selected by the Los Angeles Olympic Organizing Committee and AT&T to provide the security for the 1984 Olympic Torch Relay. In 1986, Mattman provided nationwide security for the event Hands Across America. Gaining recognition as experts in mega-events, the Company provided risk management and security for Miller Brewing Mattman's "Biggest Party in History" and a Philip Morris-sponsored, nationwide tour of the Bill of Rights in 1989 and 1990-1991, respectively.

The Bill of Rights tour required a mobile command post to be used by 26 former U.S. Marine Embassy Guards. Mattman's design and production of the unit thrust the Company into the specialty vehicles business in 1990. Since that time, Mattman has exited the VIP protection business to focus exclusively on specialty vehicle production and has built over 500 units for medical and educational institutions, law enforcement, and commercial markets. Mattman has achieved a reputation as a leading manufacturer of mobile units for law enforcement, medical institutions, and Fortune 500 corporations. Mattman units can be found as far away as Beijing, Siberia, Egypt, and Venezuela. Law enforcement command and tactical units are spread throughout the country from Logan Airport to Orlando, Washington State to San Diego. Mattman's goal has always been to provide the highest quality commercial-use, specialty vehicles available, with durability and aesthetics as its top priority. Private industry customers who have come to recognize Mattman's quality include Bank of America, Philip Morris Companies, Black and Decker, McDonalds, Hormel Foods, Nokia, Sony, Bilstein Corporation of America, and EG&G Astrophysics, as well as the numerous law enforcement agencies listed in our references.

Mattman's production facility is located in San Marcos, which is in north San Diego County. A new, 29,000-square-foot building houses all aspects of its manufacturing process except painting.

What sets Mattman apart from the majority of manufacturers is commercial-grade construction, attention to detail, and documented quality control performed on a daily basis.