Aduddell Industries Reports 2006 Third Quarter Results.

Core Roofing Revenues Continue to Rise

OKLAHOMA CITY -- Aduddell Industries, (OTCBB: ADDL) today reported its financial results for the three and nine month periods ending September 30, 2006.

For the third quarter period, the Company reported revenues of $11.5 million, and net income of $18,133. This compares with third quarter revenues and net income in the 2005 period of $34.7 million and $6.9 million respectively. Revenues and net income for the 2005 year third quarter were impacted by $28.7 million in disaster response revenue. Aduddell Industries disaster services are affected by the presence or absence of disaster related work. Revenues for Aduddell Industries core business increased 93%, from $6 million in 2005 to $11.5 million in 2006.

For the nine-month period ending September 30, reported revenues totaled $23.9 million with net income of $90,601. This compares to revenues and net income in the same period for 2005 of $41.8 million and $6.7 million respectively. The decline in revenues and net income is primarily the result of the absence of disaster response revenue in 2006 compared to 2005, however revenues for the company's core business were higher as a result of increased sales resulting from the marketing initiatives implemented in 2006 and the additional sales of $3.5 million brought by the new restoration division.

Ron Carte, Aduddell's President and CEO said, "In the third quarter we continued to meet our milestones in both our organic and acquisition growth strategies. Aduddell saw core business revenues rise to $11.5 million during the third quarter and to $23.9 million for the nine month period. This represents a 93% and an 82% increase in core business revenues respectively.

Our purchase of Merit Construction in April is a prime example of the success we are achieving, When we purchased Merit, it had 2005 sales of approximately $4.8 million. After six months as a part of Aduddell Industries, the unit had more than $5 million in contracts and has recently been awarded a contract valued at more than $3 million for an Arlington County, Virginia based project. In May we expanded our roofing services with the creation of the Standing Seam and Metals Division. In July our joint venture partnership, HCS was awarded an exclusive contract with the U.S. Communities. In September we expanded our integration and marketing capabilities with the purchase of Eye Opener Creative Communications, and we have recently announced that we have signed a non-binding letter of intent to acquire Brent Anderson & Associates, a Minneapolis based provider of concrete restoration services, which we believe will add approximately $25- $30 million in annual revenues."

As we have communicated to the investment community, we have been developing a corporate infrastructure that we believe will support a base of $100 million in annual revenues. In order to facilitate that anticipated growth, we have put in place the corporate management, manpower, administrative support as well as operational facilities and equipment necessary to accommodate that growth. We believe that we now have in place the infrastructure to support our expected revenue growth in the coming years. At the same time, we believe we have been delivering on our promise of growing and diversifying our revenues."

"It is the intention of Aduddell Industries to build a $100 million business. We believe that we are well on our way to accomplishing this goal and building shareholder value for our stockholders."

Webcast and Conference Call

Management will hold a conference call at 11:00 a.m. ET today to review the company's results for the three month period. The call can be accessed live by dialing 866-362-5158 and entering access code 61473167 or via the Internet at:

http://phx.corporate-ir.net/playerlink.zhtml?c=108715&s=wm&e=1415893

A replay of the conference call will be available two hours after its completion and will remain available through November 22, 2006 by dialing 888-286-8010 and entering access code 47148829.

About Aduddell Industries

Aduddell Industries, Inc. is the holding company of Aduddell Roofing, www.aduddell.com, one of the leaders in the commercial roofing industry nationwide. Through Aduddell Roofing and other subsidiaries, Aduddell Industries offers Fortune 500 companies and large governmental agencies a broad range of roofing services, including re-roofing, restoration and repair, new roof construction, sheet metal fabrication, concrete restoration and waterproofing. In addition to work on large projects and high security roofing matters, the company has a nationally recognized track record for handling disaster recovery and emergency projects efficiently and cost effectively.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:-- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

[TABLE OMITTED]
[TABLE OMITTED]
[TABLE OMITTED]