EXHIBIT 99.1

                         [SERVOTRONICS, INC. LETTERHEAD]
March 30, 2007      SERVOTRONICS, INC. (AMEX- SVT) ANNOUNCES
                          YEAR END INCOME AND REVENUES

     Elma,  NY --  Servotronics,  Inc.  (Amex  - SVT)  reported  net  income  of
$1,096,000  (or $0.55 per share basic,  $0.51 per share  diluted) on revenues of
$24,548,000 for the fiscal year ended December 31, 2006. Net income and revenues
for the fiscal year ended December 31, 2005 were  $1,363,000 (or $0.66 per share
basic,  $0.64 per share  diluted)  and  $22,895,000  respectively.  The $267,000
decrease  in 2006 net income can  generally  be more than  accounted  for by the
$445,000  year to year after tax  decrease in other income not  attributable  to
operations.
     The Company is composed of two groups - the Advanced Technology Group (ATG)
and the Consumer Products Group (CPG). The ATG primarily  designs,  develops and
manufactures  servo  control and other  components  for various  commercial  and
government  applications (i.e., aircraft, jet engines,  missiles,  manufacturing
equipment,  etc.). The CPG designs and manufactures cutlery, bayonets,  machetes
and  combat,  survival,  sporting,  agricultural,  and  pocket  knives  for both
commercial and government applications.
     The Company's ATG benefited by an over 8% growth in the Aerospace  industry
during 2006 and the results of new product  developments,  new  applications and
expanded  marketing   activities.   The  Aerospace  Industries   Association  is
forecasting  continuing  Aerospace  industry  growth in 2007. The civil aircraft
sector of the industry is particularly  strong as evidenced by the record number
of new orders for commercial  airliners.  A significant  number of the Company's
proprietary ATG products have been designed, developed and are in production for
use in this strong  segment of the Aerospace  industry.  The ATG's  products are
also  used in  military  applications  such as  control  systems  for  aircraft,
helicopters and main battle tanks.  Recently the Company expanded its markets to
include certain segments of the medical and industrial  industries.  The Company
will be participating in the forthcoming  Paris Air Show,  scheduled for June 18
to 24, 2007.
     The Company's CPG has recently  received two significant  contracts for CPG
developed  products for the military.  These contracts  amount to  approximately
$4,000,000 and have schedules that start product deliveries in 2007 and continue
into 2008. The contracts are the result of the CPG's internal development of new
products for use in specific U.S. Military applications and requirements.
     The Company and the CPG were particularly honored and recognized during the
past  nine  months  when  Nick  Trbovich,   Jr.,  Executive  Vice  President  of
Servotronics, Inc., accepted three prestigious awards on behalf of the Company's
subsidiary,  The Ontario Knife Company (OKC), for superb  performance in support
of the U.S. Military.  The first award is the GOLD AWARD from the Defense Supply
Center, Columbus, Ohio for being one of the U.S. Government's best suppliers. It
was the  second  year in a row that OKC  received  this  award by  demonstrating
excellent  quality  and  on-time  deliveries.  The  second  award  is  THE  2006
INNOVATIVE  BUSINESS  PERFORMER  OF THE YEAR AWARD FOR SMALL  BUSINESS  from the
Defense Logistics Agency for superior responsiveness and performance.  The third
and most recently  received award is THE 2006 ARMY AVIATION  MATERIAL  READINESS
AWARD from the Army Aviation  Association of America.  This Small Business Award
recognizes OKC's superior  development  efforts and the fielding of the Air Crew
Survival  Egress  Knife  (ASEK) for the  Combat  Aviation  Brigade  3D  Infantry
Division.  The trade journal  Knife World,  who reported on the receipt of these
awards,  quoted the Award  citation when stating that this CPG  developed  knife
provides  Brigade  Aircrews  with  "confidence  in their  increased  ability  to
successfully  exit  an  aircraft  under  dire  conditions."   These  awards  are
continuing  testimonials  to the CPG's  success  in  designing,  developing  and
manufacturing innovative cutlery products in support of the U.S. Military.
                           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.