Page 5 of 7



                 RONSON REPORTS SALES AND RESULTS OF OPERATIONS
                  IN THE THIRD QUARTER AND NINE MONTHS OF 2007


Somerset, N.J., November 2, 2007 - Ronson Corporation (NASDAQ Capital Market
RONC) (the "Company") today reported its Net Sales, Results of Operations for
the third quarter and nine months of 2007 in comparison with the third quarter
and nine months of 2006.

The Company's Net Sales of $6,606,000 in the third quarter of 2007 compared to
$7,488,000 in the third quarter of 2006. The Net Sales were $19,246,000 in the
nine months of 2007 compared to $22,671,000 in the nine months of 2006. The Net
Sales in the nine months of 2006 included a sale totaling about $1 million to a
distributor in China (see footnote 1 below).

The Company had a Loss from Operations of $106,000 in the nine months of 2007 as
compared to Earnings from Operations of $819,000 in the nine months of 2006. The
Company had an operating loss of $109,000 in the third quarter of 2007 as
compared to operating earnings in the third quarter of 2006 of $241,000. The
Company's Income Tax benefits in the nine months of 2007 were reduced to
$202,000 after an additional $67,000 charge to net earnings due to the
adjustment of the valuation allowance for deferred tax assets related to a tax
planning strategy (refer to Note 3 below). The Company reported Net Losses in
the third quarter and nine months of 2007 of $198,000 and $535,000,
respectively, as compared to Net Earnings of $51,000 and $154,000 in the same
periods of 2006.

As reported on October 16, 2007, the Company and Steel Partners II, L.P.,
announced the resolution of all litigation between them, including all claims
between Steel Partners and present and former directors and officers of Ronson.
The settlement, which is subject to approval by the New Jersey Superior Court,
will bring to a conclusion almost 4-1/2 years of judicial disputes. In addition
to disposition of the New Jersey Superior Court lawsuit, the settlement will
include the dismissal by Steel Partners of a separate action that it instituted
in its own name, not derivatively, in Federal Court in New Jersey in 2004. The
Net Earnings (Loss) in each of the periods were after the net legal costs
incurred related to these two lawsuits (refer to footnote 2 below).

Ronson Corporation's operations include its wholly-owned subsidiaries: 1) Ronson
Consumer Products Corporation in Woodbridge, N.J., and Ronson Corporation of
Canada Ltd., manufacturers and marketers of Ronson consumer products; and 2)
Ronson Aviation, Inc., a fixed-base operator at Trenton-Mercer Airport, Trenton,
N.J., providing fueling, sales/services of aircraft, avionics and hangar/office
leasing.

<page>

                                                                     Page 6 of 7

                               RONSON CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS


FOR THE QUARTER ENDED SEPTEMBER 30:
-----------------------------------
                                                     2007               2006
                                                     ----               ----
Net Sales                                    $  6,606,000       $  7,488,000
Earnings (loss) from operations
  before other charges                            (48,000)           251,000
Other charges                                     (61,000)(2)        (10,000)(2)
Earnings (loss) from operations                  (109,000)           241,000
Earnings (loss) before income taxes              (317,000)            96,000
Income tax expense (benefit)                     (119,000)            45,000
Net earnings (loss)                              (198,000)            51,000

Net earnings (loss) per common share (4,5):
Basic                                        $       (.04)      $        .01
Diluted                                              (.04)               .01

Average common shares outstanding (4,5):
Basic                                           4,831,000          4,802,000
Diluted                                         4,831,000          4,828,000



FOR THE NINE MONTHS ENDED SEPTEMBER 30:
---------------------------------------
                                                     2007               2006
                                                     ----               ----
Net sales                                     $19,246,000       $ 22,671,000 (1)
Earnings (loss) from operations
  before other charges                            (88,000)           899,000
Other charges                                     (18,000)(2)        (80,000)(2)
Earnings (loss) from operations                  (106,000)           819,000
Earnings (loss) before income taxes              (737,000)           260,000
Income tax expense (benefit)                     (202,000)(3)        106,000
Net earnings (loss)                              (535,000)           154,000


Net earnings (loss) per common share (4,5):
Basic                                        $       (.11)      $        .03
Diluted                                              (.11)               .03

Average common shares outstanding (4,5):
Basic                                           4,821,000          4,782,000
Diluted                                         4,821,000          4,825,000

<page>


                                                                     Page 7 of 7

FOOTNOTES:

      (1)   In 2006, the Net Sales in the nine months included a sale of
            Ronsonol and Ronson Butane refills of about $1 million to a ~
            distributor in China.

      (2)   The Other Charges in each of the periods were the legal fees
            incurred as a result of the two lawsuits by the same stockholder,
            net of related insurance reimbursements.

      (3)   In the nine months of 2007, the Company reviewed the likelihood
            that, in using a tax planning strategy, it would be able to utilize
            net operating loss carryforwards of Prometcor, Inc. for purposes of
            State of New Jersey income taxes. The determination was made that a
            portion was not likely to be utilized. Therefore, in the nine months
            of 2007, the Company increased the valuation reserve related to
            deferred income tax assets by $67,000, resulting in reduced Income
            Tax Benefits that increased 2007's Net Loss.

      (4)   On February 1, 2007, the Company's Board of Directors declared a 5%
            stock dividend on the Company's outstanding common stock.
            Information regarding the number of shares and per share amounts has
            been retroactively adjusted to reflect the stock dividend.

      (5)   Diluted Net Earnings (Loss) per Common Share includes the dilutive
            effect of outstanding stock options. The stock options were anti-
            dilutive for the quarter and nine months ended September 30, 2007
            and therefore, were excluded from the computation of Diluted Net
            Earnings (Loss) per Common Share for those periods.


This press release contains forward-looking statements that anticipate results
based on management's plans and expectations that are subject to uncertainty.
Forward-looking statements are based on current expectation of future events.
The Company cannot ensure that any forward-looking statement will be accurate,
although the Company believes that it has been reasonable in its expectations
and assumptions. If underlying assumptions prove inaccurate or that unknown
risks or uncertainties materialize, actual results could vary materially from
our projections. Investors should understand that it is not possible to predict
or identify all such factors and should not consider this to be a complete
statement of all potential risks and uncertainties. The Company assumes no
obligation to update any forward-looking statements as a result of future events
or developments.


COMPANY CONTACT:
DARYL K. HOLCOMB
(732) 469-8300