RONSON REPORTS INCREASES IN SALES AND
                             EARNINGS FOR YEAR 2006


Somerset,  N.J.,  March 14, 2007 - Ronson  Corporation  (NASDAQ  Capital  Market
RONC).  Ronson  Corporation  (the "Company")  today reported its results for the
fourth quarter and year 2006.

Net Sales
---------
The  Company  reported  an  increase  of 10% in Net  Sales in the  Year  2006 to
$29,244,000 as compared to $26,563,000 in the year 2005. The Company's Net Sales
in the fourth quarter of 2006 of $6,573,000 were lower as compared to $6,861,000
in the fourth quarter of 2005.

Net Earnings
------------
The Company's Net Earnings improved by $400,000 to $67,000 in the year 2006 from
a Net Loss in the year 2005 of $333,000.

Earnings from Operations
------------------------
The Company's Earnings from Operations  improved to $1,093,000 in the year 2006,
from $888,000 in the year 2005.  The Company's  Earnings  from  Operations  were
$274,000  in the fourth  quarter of 2006 as  compared  to $442,000 in the fourth
quarter of 2005.

Earnings before Income Taxes
----------------------------
The Company's  Earnings before Income Taxes increased by $791,000 to $289,000 in
the year 2006 from a Loss before Income Taxes of $502,000 in the year 2005.  The
Loss before  Income Taxes in 2005  included a  nonrecurring  loss related to the
Company's sale of Ronson Aviation's charter aircraft and charter business (refer
to note 1 below).

Income Taxes
------------
The Company's  Income Tax Expenses in the fourth  quarter and year 2006 included
an  additional  $75,000  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 4 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>

                               RONSON CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<table>
<caption>

                                                                     2006             2005
                                                                     ----             ----

                                                            <c>              <c>
FOR THE QUARTER ENDED DECEMBER 31:
----------------------------------

Net sales                                                      $6,573,000       $6,861,000
Earnings before other charges, interest, other items
   and income taxes                                               285,000          442,000
Other charges, litigation                                         (11,000)(3)           -- (3)
Earnings from operations                                          274,000          442,000
Nonrecurring losses, excluding income tax                              --          (51,000)(2)
Earnings before income taxes                                       29,000          169,000
Income tax expenses                                               116,000 (4)       109,000
Net earnings (loss)                                               (87,000)          60,000

Net earnings (loss) per common share (5,6):
Basic                                                              $ (.02)            $.01
Diluted                                                              (.02)             .01

Average common shares outstanding (5,6):
Basic                                                           4,806,000        4,762,000
Diluted                                                         4,806,000        4,802,000

FOR THE YEAR ENDED DECEMBER 31:
-------------------------------

Net sales                                                     $29,244,000      $26,563,000
Earnings before other charges, interest, other items
   and income taxes                                             1,184,000          983,000
Other charges, litigation                                         (91,000)(3)      (95,000)(3)
Earnings from operations                                        1,093,000          888,000
Nonrecurring losses, excluding income tax                              --         (642,000)(1)(2)
Earnings (loss) before income tax                                 289,000          (502,000)
Income tax expense (benefit)                                      222,000 (4)      (169,000)
Net earnings (loss)                                                67,000          (333,000)

Net earnings (loss) per common share (5,6):
Basic                                                                $.01             $(.07)
Diluted                                                               .01              (.07)

Average common shares outstanding (5,6):
Basic                                                           4,788,000        4,762,000
Diluted                                                         4,826,000        4,762,000

</table>
<page>



FOOTNOTES
---------


      (1)   In the third  quarter of 2005,  the  Company  completed  the sale of
            Ronson Aviation's charter aircraft, the Citation II, and its charter
            business  for  $1.6  million  in  cash.   The  sale  resulted  in  a
            nonrecurring loss in 2005 of $591,000 before income taxes.

      (2)   The  Results  of  Operations  in the  fourth  quarter  and year 2005
            included costs of $51,000  related to an appeal by the Company of an
            assessment of prior income taxes by the State of New Jersey.  In the
            fourth quarter of 2005, the Company's appeal was rejected.

      (3)   The Other  Charges,  Litigation  were the legal fees  incurred  as a
            result of the two  lawsuits  filed by the same  stockholder,  net of
            related insurance reimbursements.

      (4)   In the fourth quarter of 2006,  the Company  reviewed the likelihood
            that, 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 fourth
            quarter of 2006, the Company increased the valuation reserve related
            to deferred  income tax assets by $75,000,  resulting  in  increased
            Income Tax Expenses that lowered 2006's Net Earnings.

      (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  ended  December 31, 2006 and for the
            year ended December 31, 2005, and therefore,  were excluded from the
            computation  of Diluted  Net  Earnings  (Loss) per Common  Share for
            those periods.

      (6)   On February 1, 2007, the Company's Board of Directors  declared a 5%
            stock  dividend  on the  Company's  outstanding  common  stock to be
            issued on April 16, 2007. Information regarding the number of shares
            and per share  amounts  has been  retroactively  adjusted to reflect
            this 5% stock dividend.