Mattman Expands Into Far East Establishing A Dealership In China

SAN MARCOS, Calif.--Feb. 10, 2006--Mattman Specialty Vehicles, Inc. (OTC:MMSV) (www.mattmanvehicles.com) today announced that it has established a sales dealership in China with Tanjin of China Wuzhao Motor Trade Co., Ltd., a Republic of China Corporation. An aggressive marketing and sales program has already been outlined starting with a large state of the art exhibit at the Asia Pacific China Police Expo put on by the Ministry of Public Security in Beijing on May 24, 2006-27. The emphasis of the show is Olympic Security and terrorism with attendees from law enforcement agencies world wide.

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 its 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.

"To truly penetrate the Chinese market, you need a strong, experienced and respected local presence. This move puts us in this position. Recognizing the enormous potential, Tanjin has already ordered a $650,000, very large Mobile Command Center to be used as a demonstration unit, which will debut at the Police Expo," states John Mattman, Chairman of the Board. "With this global expansion and 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 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 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 nation-wide 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 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, EG&G Astrophysics, as well as the numerous law enforcement agencies listed in our references.

Mattman's production facility is located in San Marcos, Calif., 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.

FORWARD LOOKING STATEMENTS

Statements about Mattman's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Litigation Reform Act of 1995. Mattman's actual results could differ materially from expected results. Mattman undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, Mattman will appropriately inform the public.