Exhibit 99.1


March 31, 2006  SERVOTRONICS, INC. (AMEX- SVT) ANNOUNCES INCREASED
                          YEAR END INCOME AND REVENUES


     Elma, NY -- Servotronics,  Inc. (Amex - SVT) reported an approximate  85.7%
year-to-year  increase in net income to  $1,363,000  (or $0.66 per share  basic,
$0.64  per share  diluted)  on an  approximate  4.6%  increase  in  revenues  to
$23,126,000  for the fiscal year ended  December  31,  2005.  The net income and
revenues for the fiscal year ended December 31, 2004 were $734,000 (or $0.36 per
share basic, $0.35 per share diluted) and $22,113,000 respectively. The reported
increase in net income includes approximately $500,000 of after-tax net proceeds
from  a  non-recurring  insurance  payment  which  was  partially  offset  by an
after-tax  charge of  approximately  $230,000 for the maintenance and funding of
frozen  pension/retirement  plans to facilitate settlements.  The Company's cash
flow and working capital continues strong.  The current ratio is better than 5.4
to 1 and working capital is in excess of $13,000,000.

     Under the Company's  previously announced share purchase program, the Board
of Directors  authorized the purchase of up to 250,000 of the Company's  shares.
The timing and actual number of shares  purchased depend on a variety of factors
including  price,  corporate  and  regulatory   requirements  and  other  market
conditions.  To date, the Company has purchased or committed to purchase  77,757
shares.

     The Company  exhibited  at the Paris Air Show in June 2005 and at the Asian
Aerospace Show in Singapore in February 2006. The Company's Advanced  Technology
Group (ATG) is continuing to grow its revenues through new programs, new product
applications and expansion of current programs.  During 2005 the Company entered
into a multi-year  agreement to provide various  proprietary  products to one of
its significant  global customers.  This long term agreement is for a minimum of
three (3) years with  provisions  for  extension.  The  estimated  value of this
multi-year  agreement is $3,000,000 per year and increasing.  Other  proprietary
Company products are also under multi-year agreements with other customers.  New
product  applications are in various stages of development and/or  qualification
testing.  The  applications  include  the Joint  Strike  Fighter,  jet  engines,
aircraft environmental controls, medical equipment, semi-conductor manufacturing
equipment and other military, commercial and industrial applications.

     The  Consumer  Products  Group  (CPG)  completed a  significant  government
contract  for a  combination  knife and  bayonet  system in 2005.  New  products
continue  to be  developed  and  orders  received  for  both  the  military  and
commercial  applications.  The  CPG's  products  for the  government,  sporting,
recreational and collectible markets are being aggressively expanded.

     The Company is composed of two groups - the Advanced  Technology  Group and
the Consumer  Products Group. The Advanced  Technology Group primarily  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.