Marlton Technologies, Inc. Announces Third Quarter 2006 Results.

PHILADELPHIA -- Marlton Technologies, Inc. (OTC:MTYG.PK):

Marlton Technologies, Inc. (OTC:MTYG.PK) today reported results for its third quarter and nine months ended September 30, 2006. Net sales of $24.3 million for the third quarter of 2006 were flat as compared to net sales of $24.7 million reported for the comparable 2005 period. Operating income of $0.2 million for the third quarter of 2006 was less than the prior results for the comparable quarter in 2005 of $0.4 million. Adoption of FAS 123R, Share Based-Payments, resulted in a charge of $133,000 to compensation expense in the third quarter, which accounted for the majority of the variance. Year to date the charge for the adoption of FAS 123R was $149,000. For the nine months ended September, 2006 net sales of $82.3 million increased approximately 18% above net sales of $69.5 million for comparable 2005 period. Net income of $2.7 million increased over the $1.8 million reported for 2005. The Company realized bad debt recoveries of $54,000 and $575,000 during the first quarter of 2006 and 2005, respectively, which reduced administrative and general expenses. There were no bad debt recoveries for the second and third quarters of 2006 and 2005. For financial reporting purposes, the Company recorded a federal income tax provision of $1.4 million for the nine months ended September 30, 2006 while no income tax provision was recorded for the comparable period for 2005. The reason for this reporting difference is that in the fourth quarter of 2005, the Company recorded deferred income tax assets to reflect its expected future use of net operating loss carry forwards. As a result for 2006, the Company was required to reduce the deferred income tax assets and record a corresponding income tax provision. For the first nine months of 2005, the Company did not have deferred income tax assets on its balance sheet and therefore recorded no income tax provision.

Marlton Technologies, Inc., through its Sparks Exhibits & Environments and Sparks Custom Retail subsidiaries, is engaged in the design, marketing and production of trade show, museum, theme park and themed interior exhibits, store fixtures, events, premium incentive plans and point of purchase displays, both domestically and internationally. The Company's 2005 audited financial statements and unaudited third quarter 2006 financial statements are available at www.marltontechnologies.com or by request from the Company.

This press release may contain forward-looking statements which are subject to change as a result of various factors, including without limitation the Company's ability to control costs, the availability of financing, the effects of competition and the effects of changes in the economy and international affairs.

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