FOR IMMEDIATE RELEASE

AMEX: WOC

Wilshire Enterprises, Inc. Holds Annual Meeting

Results of Stockholder Vote Will Be Announced

Upon Certification By Inspector of Elections

NEWARK, N.J., July 19, 2007 - Wilshire Enterprises, Inc. ("Wilshire" or the "Company") (Amex: WOC) announced that it will publicly disclose the final results of the stockholder vote for the nominees to the Board of Directors and other matters held at today's Annual Meeting of Stockholders as soon as the votes are reviewed and certified by IVS Associates, the independent Inspector of Elections. The review and certification process is currently expected to be completed in about a week.

About Wilshire Enterprises

Wilshire is engaged primarily in the ownership and management of real estate investments in Arizona, Florida, Texas and New Jersey. Wilshire’s portfolio of properties includes 5 rental apartment properties with 950 units, 15 condominium units, 4 buildings with 231,000 square feet of office and retail space and slightly over 18 acres of land.

FORWARD-LOOKING STATEMENT:

The non-historical statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to several risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include the impact of market, economic and competitive conditions on the Company and others, and the difficulty of predicting the outcome of the process that the Company is pursuing with its investment banker, as well as other risks and uncertainties disclosed in the Company's 2006 Form 10-K filed with the Securities and Exchange Commission. There can be no assurance that the exploration of strategic alternatives will result in any transactions.

Company Contact: Sherry Wilzig Izak, Chairman, 201-420-2796

Agency Contact:    Neil Berkman, Berkman Associates, 310-826-5051