Mattman Secures Million Dollar Contract With Los Angeles Department Of Water And Power

San Marcos, CA - Mattman Specialty Vehicles, Inc. announced that the Department of Water and Power of the City of Los Angeles (DWP) has formally approved a proposal for a Mobile Water Quality Test Lab for $1,007,856.00. The Company is expected to deliver this multi-purpose vehicle in the third quarter of FYE 2007.

The Mobile Lab will be used for water testing in multiple scenarios such as biological terrorism, natural disasters, or if the Department's existing facility becomes inoperable for any reason.

This unit was made possible by a $600,000 federal grant allowing DWP's total expenditure to be $407,856. Since the inception of the Department of Homeland Security (DHS), grants have been funding First Responder and Disaster Preparedness units such as these allowing agencies of all levels to have far better tools and solutions for the area they encompass. This has also been a significant boost for Mattman's business, and is expected to continue to drive increased revenues and net income to Mattman in the foreseeable future. At this time DHS has funding lined out for five years, giving Mattman a very encouraging outlook for future growth.

For over 20 years Mattman Specialty Vehicles Inc., headquartered in San Marcos, California, has been dedicated to advancing mobile solutions and excellence in manufacturing. There are over 500 Mattman-built vehicles in major metropolitan areas. The Company estimates that supplying integrated long-term solutions to this market alone will result in annual sales in excess of $14 million. These vehicles and the technology developed will also be available for a multiple of alternative uses and applications.

The Company's historical and continued success as a supplier to Law Enforcement, Medical, Governmental, Military and Fortune 500 companies is due in large part to (i) a strong management and support structure; (ii) Innovative Engineering Solutions; and (iii) the company's fully integrated capabilities to manufacture the type of high-quality product required by targeted customers.

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.

SOURCE: Wall Street Resources, Inc. for Mattman