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Dresner Partners Advises The Biltrite Corporation In Divestiture Of Sheet Rubber And Rubber Matting Business
Monday, November 20, 2006

CHICAGO – November 20, 2006 – Dresner Partners, a leading middle-market investment bank, announced today that it acted as the financial advisor to The Biltrite Corporation in the sale of its Ripley, Mississippi-based sheet rubber and rubber matting business to West American Rubber Company, LLC (“WARCO”), a leading California-based manufacturer of sheet rubber, molded and extruded rubber products. After the transaction, Biltrite will continue to own and operate its Chelsea, Massachusetts-based commercial and specialty thermoplastic business. Terms of the transaction were not disclosed.

WARCO sees the acquisition of the Ripley operations as an opportunity to accelerate its growth and expand its three core business divisions, which in addition to sheet rubber products, include molded and extruded products. Biltrite has been a leading manufacturer of high quality rubber products in the United States for decades. With combined experience of over 195 years in the rubber industry, WARCO and Biltrite together will be able to offer enhanced capabilities and state-of-the-art technology to meet a broad range of customer needs.

Steven M. Dresner, president of Dresner Partners, said, “This divestiture is the culmination of a series of transactions designed to achieve the long-term objectives of Biltrite’s shareholders. It is also indicative of Dresner’s expertise in developing programs to assist the owners of closely held businesses in executing multiple transactions over time. We are pleased to have been associated with the owners and management of both Biltrite and WARCO, and we look forward to the success of the new WARCO-Ripley enterprise.”

Stanley J. Bernstein, Chairman of Biltrite, said, “We are extremely pleased with the outcome of this transaction, and we look forward to our ongoing relationship with the WARCO team. Melding two high quality organizations such as Ripley and WARCO should result in a more competitive operation that will better serve the needs of its combined customer base. The Dresner team did an outstanding job on this transaction, and we appreciate the efforts of Gregg Pollack, Steve Dresner and the other Dresner professionals who helped to bring this opportunity to fruition.”

About The Biltrite Corporation

The Biltrite Corporation is a leading manufacturer of engineered rubber and thermoplastic products for commercial, industrial and specialty applications. Biltrite has historically manufactured its rubber products (sheet rubber and rubber matting) at the plant in Ripley, Mississippi and its thermoplastic products in Chelsea, Massachusetts. Biltrite’s executive offices are located in Waltham, Massachusetts. Biltrite has developed market leadership in the niches that it serves through cost competitive manufacturing, exceptional technical capabilities in compounding and material processing, attentive customer service, and an experienced and responsive sales and marketing organization. Additional information regarding Biltrite can be found at http://www.biltrite.com/.

About West American Rubber Company, LLC

West American Rubber Company, LLC is a diversified manufacturer of rubber products, including calendered sheet rubber, extruded and spliced rubber, molded rubber and custom mixed rubber products. Headquartered in Orange, California, WARCO offers a comprehensive product line, superior engineering capability, high quality manufacturing processes and diverse end markets (including automotive, aerospace, construction and non-invasive medical products), making it one of the premier providers of rubber products in the United States. Additional information regarding WARCO can be found at http://www.educationalinsights.com/.

About Dresner Partners

Dresner Partners is a NASD-registered, middle-market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services to business owners and managers throughout the United States, including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. Its affiliate company, Dresner Corporate Services, is a strategic communications firm specializing in investor and public relations. More information is available via the Internet at http://www.dresnerpartners.com/.

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Contacts:

David Gutierrez, Dresner Corporate Services, 312.780.7204, dgutierrez@dresnerco.com