22 Year Old Company Mattman Specialty Vehicles, Inc. Adds New Management

SAN MARCOS, Calif.--Feb. 1, 20065, 2006--Mattman Specialty Vehicles, Inc. (OTC:MMSV) (www.mattmanvehicles.com), a Nevada-based publicly traded corporation, has experienced tremendous growth driven by Homeland Security spending domestically and military spending abroad. In a recent reorganization of duties, John Mattman, who has served as President and CEO since 1991, becomes the Chairman of the Board and Barrie Cropper, the COO, takes over as Chief Executive Officer.

Barrie Cropper today announced that Bob Egginger has joined the company in the role of Corporate Controller and VP Finance. This is a new position and Bob joins a senior management team with over 90 years of combined industry experience. Mattman Specialty Vehicles, Inc. ("Mattman"), is internationally recognized as the quality leader of commercial grade specialty vehicles, especially for security applications. As the company continues its explosive growth, the company needs to invest in and develop its internal infrastructure to keep pace. Bob has the depth of knowledge and experience that will enable the finance and reporting side of the company to keep up with the tremendous growth that the company is experiencing.

Sales for fiscal year end 7/31/05 totaled approximately $10 million, a 57% increase over the prior year. In addition, its existing nine-month backlog of $14 million should result in a growth rate of over 40% in the current year. The Company projects completing this fiscal year with a minimum of $14 million in gross revenues and an earnings before interest, taxes, depreciation and amortization ("EBITDA") of $1,000,000.

Management estimates its market opportunity to be approximately $850 million per year and growing, with its core law enforcement and military market comprising over half that amount. Mattman has established an enviable reputation in the specialty vehicle business by providing the finest quality specialty vehicles for over a decade. Mattman's unequivocal reputation spans the globe.

The Company has 66 full time employees, and it expects to expand to a total of 80 employees by the end of this fiscal year. In discussing the potential growth of the company, Barrie Cropper stated, "The company has no limitations to its growth potential other than those that would be self-imposed. My role is to make sure the company is unrestricted and able to sustain growth at a pace equal to that of the market. We must also take into consideration markets overseas as we plan our future. Asia and the Middle and Far East are markets that also show enormous potential, and we are already embedded there. This is a very exciting time in this market and for Mattman, given the focus on security, nationally and internationally; we see the opportunity only growing stronger."

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.