**November      14, 2007**

| **Contact:** | **Daniel                C. Dunn** |
|--------------|-----------------------------------|
|   | **Chief Financial              Officer** |
|--------|------------------------------------------|
|   | **(314)              771-2400** |
|--------|---------------------------------|

**Allied      Healthcare Net Income Falls**

**on      Flat Sales**

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|  ALLIED                  HEALTHCARE PRODUCTS, INC.     |
|-------------------------------------------------------------|
|  CONSOLIDATED                  STATEMENT OF OPERATIONS |
|  (UNAUDITED)                                           |

|                                                          |   | Three                  months ended September 30, |       |
|---------------------------------------------------------------|--------|---------------------------------------------------|------------|
|                                                          |   | 2007                                              |       | 2006 |   |
|                                                          |   |                                              |       |   |   |
| Net                  sales                                    |   | $                                                 | 14,101,618 |   | $ | 14,477,442 |   |
| Cost                  of sales                                |   |                                              | 10,934,605 |   |   | 10,957,890 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Gross                  profit                                 |   |                                              | 3,167,013  |   |   | 3,519,552 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Selling,                  general and administrative expenses |   |                                              | 3,042,969  |   |   | 3,190,997 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Income                  from operations                       |   |                                              | 124,044    |   |   | 328,555 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Interest                  income                              |   |                                              | (40,769    | ) |   | (28,169 | ) |
| Other                  expense, net                           |   |                                              | 15,150     |   |   | 9,302 |   |
|                                                          |   |                                              | (25,619    | ) |   | (18,867 | ) |
|                                                          |   |                                              |       |   |   |   |   |
| Income                  before provision                      |   |                                              |       |   |   |   |   |
| for                  income taxes                             |   |                                              | 149,663    |   |   | 347,422 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Provision                  for income taxes                   |   |                                              | 62,597     |   |   | 145,788 |   |
| Net                  income                                   |   | $                                                 | 87,066     |   | $ | 201,634 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Basic                  and diluted earnings per share         |   | $                                                 | 0.01       |   | $ | 0.03 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Weighted                  average common shares               |   |                                              |       |   |   |   |   |
| Outstanding                  - Basic                          |   |                                              | 7,883,577  |   |   | 7,859,903 |   |
|                                                          |   |                                              |       |   |   |   |   |
| Weighted                  average common shares               |   |                                              |       |   |   |   |   |
| Outstanding                  - Diluted                        |   |                                              | 8,106,796  |   |   | 8,065,153 |   |

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|  ALLIED                  HEALTHCARE PRODUCTS, INC. |
|---------------------------------------------------------|
|  CONSOLIDATED                  BALANCE SHEET       |
|  (UNAUDITED)                                       |

|                                                                                                            |   | September                  30, 2007 |        | June                  30, 2007 |   |
|-----------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|-------------|--------------------------------|--------|
| ASSETS                                                                                                          |   |                                |        |                           |   |
| Current                  assets:                                                                                |   |                                |        |                           |   |
| Cash                  and cash equivalents                                                                      |   | $                                   | 4,017,496   |                           | $      | 3,638,870 |   |
| Accounts                  receivable, net of allowances of $325,000 and $460,000,                  respectively |   |                                | 7,395,812   |                           |   | 7,251,767 |   |
| Inventories,                  net                                                                               |   |                                | 12,195,312  |                           |   | 12,999,472 |   |
| Other                  current assets                                                                           |   |                                | 619,244     |                           |   | 275,254 |   |
| Total                  current assets                                                                           |   |                                | 24,227,864  |                           |   | 24,165,363 |   |
| Property,                  plant and equipment, net                                                             |   |                                | 10,422,347  |                           |   | 10,677,000 |   |
| Goodwill                                                                                                        |   |                                | 15,979,830  |                           |   | 15,979,830 |   |
| Other                  assets, net                                                                              |   |                                | 565,221     |                           |   | 496,127 |   |
| Total                  assets                                                                                   |   | $                                   | 51,195,262  |                           | $      | 51,318,320 |   |
|                                                                                                            |   |                                |        |                           |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                           |   |                                |        |                           |   |   |   |
| Current                  liabilities:                                                                           |   |                                |        |                           |   |   |   |
| Accounts                  payable                                                                               |   | $                                   | 3,010,398   |                           | $      | 3,040,313 |   |
| Other                  accrued liabilities                                                                      |   |                                | 2,684,800   |                           |   | 2,508,820 |   |
| Deferred                  income taxes                                                                          |   |                                | 734,531     |                           |   | 882,001 |   |
| Deferred                  revenue                                                                               |   |                                | 465,000     |                           |   | 465,000 |   |
| Total                  current liabilities                                                                      |   |                                | 6,894,729   |                           |   | 6,896,134 |   |
|                                                                                                            |   |                                |        |                           |   |   |   |
| Deferred                  revenue                                                                               |   |                                | 1,821,250   |                           |   | 1,937,500 |   |
|                                                                                                            |   |                                |        |                           |   |   |   |
| Commitments                  and contingencies                                                                  |   |                                |        |                           |   |   |   |
|                                                                                                            |   |                                |        |                           |   |   |   |
| Stockholders'                  equity:                                                                          |   |                                |        |                           |   |   |   |
| Preferred                  stock; $0.01 par value; 1,500,000 shares                                             |   |                                |        |                           |   |   |   |
| authorized;                  no shares issued and outstanding                                                   |   |                                | -           |                           |   | - |   |
| Series                  A preferred stock; $0.01 par value; 200,000 shares                                      |   |                                |        |                           |   |   |   |
| authorized;                  no shares issued and outstanding                                                   |   |                                | -           |                           |   | - |   |
| Common                  stock; $0.01 par value; 30,000,000 shares                                               |   |                                |        |                           |   |   |   |
| authorized;                  10,187,069 shares issued at September 30, 2007                                     |   |                                |        |                           |   |   |   |
| and                  June 30, 2007; 7,883,577 shares outstanding at                                             |   |                                |        |                           |   |   |   |
| September                  30, 2007 and June 30, 2007                                                           |   |                                | 101,871     |                           |   | 101,871 |   |
| Additional                  paid-in capital                                                                     |   |                                | 47,459,837  |                           |   | 47,441,163 |   |
| Retained                  earnings                                                                              |   |                                | 15,649,003  |                           |   | 15,673,080 |   |
| Less:                  treasury stock, at cost; 2,303,492 shares at                                             |   |                                |        |                           |   |   |   |
| September                  30, 2007 and June 30, 2007                                                           |   |                                | (20,731,428 | )                              |   | (20,731,428 | ) |
| Total                  stockholders' equity                                                                     |   |                                | 42,479,283  |                           |   | 42,484,686 |   |
| Total                  liabilities and stockholders' equity                                                     |   | $                                   | 51,195,262  |                           | $      | 51,318,320 |   |

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