[GRAPHIC OMITTED][GRAPHIC OMITTED]                 Exhibit 99.1

1110 Maple Street P.O. Box 300 Elma, New York 14059-0300 716-655-5990
FAX 716-687-6012

Monday, August 16, 2004

                    SERVOTRONICS, INC. (AMEX- SVT) ANNOUNCES
        INCREASED 2004 SECOND QUARTER AND SIX MONTH PROFITS AND REVENUES
         Elma, NY -- Servotronics,  Inc. (Amex - SVT) reported a pre-tax and net
income of $343,000 and $215,000 respectively (or $0.11 net per share - Basic and
$0.10 net per share - Diluted) on a 43% increase in revenues to  $5,640,000  for
the  quarter  ended  June 30,  2004 as  compared  to a  pre-tax  and net loss of
($35,000)  and  ($22,000)  respectively  (or  ($0.01)  net per  share  Basic and
Diluted) on revenues of  $3,945,000  for the same  quarter  ended June 30, 2003.
Pre-tax and net income for the six month period ended June 30, 2004 was $595,000
and  $373,000  respectively  (or $0.18 net per  share - Basic  and  Diluted)  on
revenues  of   $10,968,000   which   represents   an  increase  in  revenues  of
approximately  41% and a turn  around in pre-tax  income of over  $742,000  when
compared to the revenues of  $7,774,000  and pre-tax and net loss of  ($147,000)
and ($93,000)  for the same six month period in 2003.  The year to year increase
in  pre-tax  income  is  attributed  to  increased  shipments,   the  successful
replacement  of lost business  resulting from 9/11,  productivity  improvements,
cost  containment  activities  and the  successful  production  realizations  of
earlier  engineering/marketing  efforts.  Receipts of new orders  continue to be
strong.
         The  Company's  Advanced  Technology  Group's  (ATG) new  programs  and
product application  activities are aggressively moving forward in such areas as
the Joint Strike Fighter,  new generations of jet engines,  program upgrades and
new precision control markets.  Similarly, the Company's Consumer Products Group
(CPG)  continues  to  expand  its  presence  in the  Government,  sportsmen  and
collectible markets.
         The Company's demonstrated ability to counteract the adverse effects of
9/11 and to grow sales  revenues  continues  to be enhanced  by its  significant
engineering  and marketing  commitments and the maintenance of a strong backlog,
cash flow and  balance  sheet.  During  2004,  the Company  continues  to invest
resources and front-end  costs  associated  with  prototype,  preproduction  and
start-up  activities for both the ATG and CPG. The timing of such costs directly
contributes to fluctuations  in operating  results from period to period because
these  costs are  expensed as  incurred  and, as such,  are not matched to their
future revenues and benefits.
         The Company is composed of two groups - the Advanced  Technology  Group
and the Consumer Products Group. The Advanced Technology Group designs, develops
and manufactures  servo control and other components for various  commercial and
government applications (i.e., aircraft, jet engines, missiles, satellite launch
vehicles,  etc.). This group is currently  providing  products for a significant
number of aerospace  programs  such as the F/A-18 E/F Super Hornet and other jet
fighters;  the Bell/Boeing  MV-22 Osprey Tiltrotor Joint Service  Aircraft,  the
Blackhawk,  Apache, A-10 and other helicopters,  the Standard Missile,  numerous
business and regional jet aircraft,  Raytheon's Hawker Horizon Aircraft, Embraer
TwinTurbo Fan aircraft,  the Airbus 300 series and Boeing 700 series  commercial
aircraft, DeHavilland DHC8-40 and various other programs.
         Servotronics' Consumer Products Group designs and manufactures cutlery,
bayonets,  machetes and combat,  survival,  sporting,  agricultural,  and pocket
knives for both commercial and government applications.
                           FORWARD-LOOKING STATEMENTS
      Certain  paragraphs  of this release  contain  forward-looking  statements
within the meaning of Section 27A of the  Securities Act of 1933 and Section 21E
of the  Securities  Exchange  Act of  1934,  such  as  those  pertaining  to the
Company's  expectation of new business and success in its entry into new product
programs.  Forward-looking  statements involve numerous risks and uncertainties.
The  Company  derives a material  portion of its  revenue  from  contracts  with
agencies  of the U.S.  Government  or their  prime  contractors.  The  Company's
business is performed  under fixed price  contracts and the  following  factors,
among others,  could cause actual results and future events to differ materially
from  those  set  forth  or  contemplated  in  the  forward-looking  statements:
uncertainties  in today's global economy and global  competition,  difficulty in
predicting  defense  appropriations,  the vitality and ability of the commercial
aviation  industry to purchase new aircraft,  the willingness and ability of the
Company's  customers to fund long-term purchase programs,  and market demand and
acceptance  both for the Company's  products and its  customers'  products which
incorporate  Company-made  components.  The success of the Company  also depends
upon the trends that affect the national  economy.  Readers are cautioned not to
place undue reliance on forward-looking  statements,  which reflect management's
analysis only as of the date hereof. The Company assumes no obligation to update
forward-looking statements.
       SERVOTRONICS, INC. (SVT) IS LISTED ON THE AMERICAN STOCK EXCHANGE.