The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Mattman Delivers Bomb Squad Mobile Laboratory to Ventura County; Mattman, a Market Leader in Manufacturing for the Law Enforcement Industry, Completes Another Vehicle for a Major California County

SAN MARCOS, Calif.--March 2, 2006--Mattman Specialty Vehicles, Inc. (OTC:MMSV) (www.mattmanvehicles.com), today announced that it has delivered a new Bomb Squad Vehicle to Ventura County in California. This vehicle is an Industry first. The primary function is to carry a remote controlled robot that has the ability to disarm or destroy explosive devices. The vehicle delivered was a contract in the amount of $364,000. It is anticipated that this is the first of a significant number of similar vehicles that will be delivered to various Agencies in the US and around 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 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.

Barry Cropper, the CEO of Mattman, in describing the delivery of the vehicle, stated: "Speaking to the guys from Ventura County, they were thrilled with the product and between us we see many opportunities being created by this particular vehicle which is yet another first for the industry. Recent advances in science and technology have enabled Bomb Squads to reduce the exposure of their personnel to dangerous situations. We're very proud to have been selected as the vendor of choice by the County of Ventura."

Mattman has experienced significant 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, California, 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.