----

----

**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-Q/A**

**Amendment      No. 1**

**[      X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934**

**or**

**[          ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934**

**MET-PRO      CORPORATION**

| **Pennsylvania**                                        |   | **23-1683282**                     |
|---------------------------------------------------------|--------|------------------------------------|
| (State                or other jurisdiction of          |   | (I.R.S.                Employer    |
| incorporation                or organization)           |   | Identification                No.) |
|                                                    |   |                               |
| **160                Cassell Road, P.O. Box 144**       |   |                               |
| **Harleysville,                Pennsylvania**           |   | **19438**                          |
| (Address                of principal executive offices) |   | (Zip                Code)          |

----

----

Index

----

**MET-PRO          CORPORATION**

**Explanatory      Note**

Index

----

**MET-PRO          CORPORATION**

**INDEX**

| **PART              I - FINANCIAL INFORMATION** |                              |
|-------------------------------------------------|-----------------------------------|
|                                            |                              |   |
| **  Item              1.**            | Financial              Statements |   |

|   |                                                                                                                                                                                                                                                                               |   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | Consolidated                    Balance Sheet as of             July                    31, 2006 and January 31,                    2006                                                                          | 3      |
|   | Consolidated                    Statement of Operations for the                    six-month and three-month                                periods ended July 31, 2006 and                    2005               | 4      |
|   | Consolidated                    Statement of Shareholders’ Equity                    for the                                six-month periods ended July 31,                    2006 and                    2005 | 5      |
|   | Consolidated                    Statement of Cash Flows for the                    six-month                                periods ended July 31, 2006 and                    2005                                    | 6      |
|   | Notes                    to Consolidated Financial                    Statements                                                                                                                                                                                                   | 7      |
|   | Report                    of Independent Registered                    Public Accounting Firm                                                                                                                                                                                      | 17     |
|   |                                                                                                                                                                                                                                                                               |   |

|                **Item 2.**              | Management’s                Discussion and Analysis of Financial                Condition |   |
|----------------------------------------------|-------------------------------------------------------------------------------------------------|--------|
|                                         | and              Results of Operations                                                          | 18     |
|                                         |                                                                                            |   |
| **  ****Item              3.**     | Qualitative              and Quantitative Disclosures about Market              Risk            | 24     |
|                                         |                                                                                            |   |
| **  ****Item              4.**     | Controls              and Procedures                                                            | 24     |
|                                         |                                                                                            |   |
|                                         |                                                                                            |   |
| **PART              II - OTHER INFORMATION** |                                                                                            |
|                                         |                                                                                            |   |
| **  ****Item              1.**     | Legal              Proceedings                                                                  | 25     |
|                                         |                                                                                            |   |
| **  Item              1A.**        | Risk              Factors                                                                       | 25     |
|                                         |                                                                                            |   |
|                **Item 2.**              | Unregistered              Sales of Equity Securities and Use of              Proceeds           | 26     |
|                                         |                                                                                            |   |
| **  ****Item              3.**     | Defaults              Upon Senior Securities                                                    | 26     |
|                                         |                                                                                            |   |
| **  ****Item              4.**     | Submission              of Matters to a Vote of Security              Holders                   | 27     |
|                                         |                                                                                            |   |
| **  ****Item              5.**     | Other              Information                                                                  | 27     |
|                                         |                                                                                            |   |
|                **Item 6.**              | Exhibits                                                                                        | 27     |
|                                         |                                                                                            |   |
|                                         |                                                                                            |   |
| **SIGNATURES**                               | 28                                                                                              |

Index

----

**MET-PRO          CORPORATION**

**CONSOLIDATED      BALANCE SHEET**

**(unaudited)**

| **PART                I - FINANCIAL INFORMATION**                                                                                                           |                                                |   |                                               |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|--------|----------------------------------------------------|--------|
|                                                                                                                                                        |                                                |   |                                               |   |
| **Item                1.*****Financial                Statements***                                                                                         |                                                |   |                                               |   |
|                                                                                                                                                        |                                                |   |                                               |   |
|                                                                                                                                                        | **July                31,    ** |   | January                31,                         |   |
| **ASSETS**                                                                                                                                                  | **2006      **        |   | 2006                      |   |
| Current                assets                                                                                                                               |                                                |   |                                               |   |
|                     Cash and cash equivalents                                                                                           | **$20,019,306**                                     |   | $17,683,305                                        |   |
|                     Accounts receivable, net of allowance for doubtful                                                                  |                                                |   |                                               |   |
|                         accounts of approximately $167,000 and                                                      |                                                |   |                                               |   |
|                         $247,000, respectively                                                                      | **16,496,106**                                      |   | 17,909,727                                         |   |
|                     Inventories                                                                                                         | **17,926,444**                                      |   | 16,438,481                                         |   |
|                     Prepaid expenses, deposits and other current assets                                                                 | **1,146,452**                                       |   | 1,381,900                                          |   |
|                     Deferred income taxes                                                                                               | **620,164**                                         |   | 591,534                                            |   |
|                              Total current assets                                               | **56,208,472**                                      |   | 54,004,947                                         |   |
|                                                                                                                                                        |                                                |   |                                               |   |
| Property,                plant and equipment, net                                                                                                           | **16,491,707**                                      |   | 13,838,221                                         |   |
| Costs                in excess of net assets of businesses acquired, net                                                                                    | **20,798,913**                                      |   | 20,798,913                                         |   |
| Other                assets                                                                                                                                 | **1,009,959**                                       |   | 1,020,844                                          |   |
|                              **Total assets**                                              | **$94,509,051**                                     |   | $89,662,925                                        |   |
|                                                                                                                                                        |                                                |   |                                               |   |
| **LIABILITIES                AND SHAREHOLDERS' EQUITY**                                                                                                     |                                                |   |                                               |   |
| Current                liabilities                                                                                                                          |                                                |   |                                               |   |
|                     Current portion of long-term debt                                                                                   | **$1,944,293**                                      |   | $1,689,413                                         |   |
|                     Accounts payable                                                                                                    | **5,967,264**                                       |   | 5,900,281                                          |   |
|                     Accrued salaries, wages and expenses                                                                                | **6,934,733**                                       |   | 7,150,142                                          |   |
|                     Dividend payable                                                                                                    | **700,286**                                         |   | 699,819                                            |   |
|                     Customers' advances                                                                                                 | **1,170,482**                                       |   | 1,703,092                                          |   |
|                              Total current liabilities                                     | **16,717,058**                                      |   | 17,142,747                                         |   |
|                                                                                                                                                        |                                                |   |                                               |   |
| Long-term                debt                                                                                                                               | **5,825,255**                                       |   | 2,723,586                                          |   |
| Other                non-current liabilities                                                                                                                | **44,310**                                          |   | 43,211                                             |   |
| Deferred                income taxes                                                                                                                        | **2,257,636**                                       |   | 2,215,143                                          |   |
|                              Total liabilities                                             | **24,844,259**                                      |   | 22,124,687                                         |   |
|                                                                                                                                                        |                                                |   |                                               |   |
| Shareholders'                equity                                                                                                                         |                                                |   |                                               |   |
|                     Common shares, $.10 par value; 18,000,000 shares                                                                    |                                                |   |                                               |   |
|                         authorized, 12,846,608 shares issued,                                                       |                                                |   |                                               |   |
|                         of which 1,642,031 and 1,649,498 shares were reacquired                                          |                                                |   |                                               |   |
|                         and held in treasury at the respective dates                                                     | **1,284,661**                                       |   | 1,284,661                                          |   |
|                     Additional paid-in capital                                                                                          | **7,730,370**                                       |   | 7,564,180                                          |   |
|                     Retained earnings                                                                                                   | **72,261,277**                                      |   | 70,645,717                                         |   |
|                     Accumulated other comprehensive loss                                                                                | **(29,659**                                         | **)**  | (321,821                                           | )      |
|                     Treasury shares, at cost                                                                                            | **(11,581,857**                                     | **)**  | (11,634,499                                        | )      |
|                              Total shareholders' equity                                    | **69,664,792**                                      |   | 67,538,238                                         |   |
|                              **Total liabilities and shareholders'                equity** | **$94,509,051**                                     |   | $89,662,925                                        |   |
| See                accompanying notes to consolidated financial statements.                                                                                 |                                                |   |                                               |

Index

----

**MET-PRO          CORPORATION**

**CONSOLIDATED      STATEMENT OF OPERATIONS**

**(unaudited)**

|                                                         | **Six                Months Ended****July                31,** | **                   Three Months Ended****    July                31,** |
|--------------------------------------------------------------|----------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|
|                                                         | **2006      **                   |                                                                                                        | 2005                      |   | **2006      ** |   | 2005       |   |
| **Net                sales**                                 | **$43,557,923**                                                |                                                                                                        | $40,574,132 |   | **$23,778,882** |   | $22,646,520 |   |
| Cost                of goods sold                            | **30,968,074**                                                 |                                                                                                        | 27,557,134 |   | **17,044,392** |   | 15,583,797 |   |
| Gross                profit                                  | **12,589,849**                                                 |                                                                                                        | 13,016,998 |   | **6,734,490** |   | 7,062,723 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| **Operating                expenses**                        |                                                           |                                                                                                        |   |   |   |   |   |   |
|                   Selling                          | **3,972,366**                                                  |                                                                                                        | 3,927,401 |   | **2,076,187** |   | 1,973,138 |   |
|                   General and administrative       | **4,539,931**                                                  |                                                                                                        | 4,360,555 |   | **2,181,418** |   | 2,254,899 |   |
|                                                         | **8,512,297**                                                  |                                                                                                        | 8,287,956 |   | **4,257,605** |   | 4,228,037 |   |
| Income                from operations                        | **4,077,552**                                                  |                                                                                                        | 4,729,042 |   | **2,476,885** |   | 2,834,686 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| Interest                expense                              | **(147,314**                                                   | **)**                                                                                                       | (135,914 | ) | **(87,509** | **)** | (69,862 | ) |
| Other                income, net                             | **505,251**                                                    |                                                                                                        | 294,584 |   | **270,453** |   | 155,397 |   |
| Income                before taxes                           | **4,435,489**                                                  |                                                                                                        | 4,887,712 |   | **2,659,829** |   | 2,920,221 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| Provision                for taxes                           | **1,419,356**                                                  |                                                                                                        | 1,612,945 |   | **851,144** |   | 963,672 |   |
| **Net                income**                                | **$3,016,133**                                                 |                                                                                                        | $3,274,767 |   | **$1,808,685** |   | $1,956,549 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| **Earnings                per share, basic****(1)**          | **$.27**                                                       |                                                                                                        | $.29 |   | **$.16** |   | $.18 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| **Earnings                per share, diluted****(2)**        | **$.27**                                                       |                                                                                                        | $.29 |   | **$.16** |   | $.17 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| **Cash                dividend per share - declared****(3)** | **$.1250**                                                     |                                                                                                        | $.1162 |   | **$.0625** |   | $.0581 |   |
|                                                         |                                                           |                                                                                                        |   |   |   |   |   |   |
| **Cash                dividend per share - paid****(3)**     | **$.1250**                                                     |                                                                                                        | $.1162 |   | **$.0625** |   | $.0581 |   |

| (1)    | Basic                earnings per share are based upon the weighted average number of                shares                outstanding of 11,202,088 and 11,180,204 for the six-month periods                ended                July 31, 2006 and 2005, respectively, and 11,201,507 and 11,179,138                for                the three-month periods ended July 31, 2006 and 2005,                respectively.                                                                                                                                                                                  |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (2)    | Diluted                earnings per share are based upon the weighted average number of                shares                outstanding of 11,379,867 and 11,307,786 for the six-month periods                ended                July 31, 2006 and 2005, respectively, and 11,383,659 and 11,302,289                for                the three-month periods ended July 31, 2006 and 2005,                respectively.                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (3)    | The                Board of Directors declared quarterly dividends of $.0625 per share                payable on March 9, 2006, June 7, 2006, and September 6, 2006 to                shareholders of record as of February 24, 2006, May 26, 2006, and                August                24, 2006, respectively. Quarterly dividends of $.0581 per share were                paid                on March 8, 2005, June 8, 2005, and September 8, 2005 to shareholders                of                record as of February 25, 2005, May 27, 2005, and August 28, 2005,                respectively. |

Index

----

**MET-PRO        CORPORATION**

**CONSOLIDATED      STATEMENT OF SHAREHOLDERS'      EQUITY**

**(unaudited)**

|   |                         |           |                                       |                                                                        |                                                 |                                          |   |
|--------|------------------------------|----------------|--------------------------------------------|-----------------------------------------------------------------------------|------------------------------------------------------|-----------------------------------------------|--------|
|   |                         |           |                                       | **Accumulated     **                               |                                                 |                                          |   |
|   |                         | **Additional** |                                       | **Other           ** |                                                 |                                          |   |
|   | **Common **             | **Paid-in**    | **Retained     ** | **Comprehensive  **                                               | **Treasury     **           |                                          |   |
|   | **Shares   ** | **Capital**    | **Earnings     ** | **Income/(Loss)   **                                         | **Shares       ** | **Total      ** |   |

| **Balances,                January 31, 2006**                                        | $1,284,661 | $7,564,180 |   | $70,645,717 |   | ($321,821 | )      | ($11,634,499 | )      | $67,538,238 |   |
|--------------------------------------------------------------------------------------|------------|------------|--------|-------------|--------|-----------|--------|--------------|--------|-------------|--------|
|                                                                                 |       |       |   |        |   |      |   |         |   |        |   |
| Comprehensive                income:                                                 |       |       |   |        |   |      |   |         |   |        |   |
|                   Net income                                               | -          | -          |   | 3,016,133   |   | -         |   | -            |   |        |   |
|                   Cumulative translation adjustment                        | -          | -          |   | -           |   | 201,298   |   | -            |   |        |   |
|                   Interest rate swap,                                      |       |       |   |        |   |      |   |         |   |        |   |
|                     net of tax of** **$43,599               | -          | -          |   | -           |   | 90,864    |   | -            |   |        |   |
|                        Total comprehensive income |       |       |   |        |   |      |   |         |   | 3,308,295   |   |
|                                                                                 |       |       |   |        |   |      |   |         |   |        |   |
| Dividends                paid, $.0625 per share                                      | -          | -          |   | (700,287    | )      | -         |   | -            |   | (700,287    | )      |
| Dividends                declared, $.0625 per                                        |       |       |   |        |   |      |   |         |   |        |   |
|      share                                                  | -          | -          |   | (700,286    | )      | -         |   | -            |   | (700,286    | )      |
| Stock-based                compensation                                              | -          | 163,601    |   | -           |   | -         |   | -            |   | 163,601     |   |
| Stock                option transactions                                             | -          | 2,589      |   | -           |   | -         |   | 52,642       |   | 55,231      |   |
| **Balances,                July 31, 2006**                                           | $1,284,661 | $7,730,370 |   | $72,261,277 |   | ($29,659  | )      | ($11,581,857 | )      | $69,664,792 |   |

|   |                         |           |                                       |                                                                        |                                                 |                                          |   |
|--------|------------------------------|----------------|--------------------------------------------|-----------------------------------------------------------------------------|------------------------------------------------------|-----------------------------------------------|--------|
|   |                         |           |                                       | **Accumulated     **                               |                                                 |                                          |   |
|   |                         | **Additional** |                                       | **Other           ** |                                                 |                                          |   |
|   | **Common **             | **Paid-in**    | **Retained     ** | **Comprehensive  **                                               | **Treasury     **           |                                          |   |
|   | **Shares   ** | **Capital**    | **Earnings     ** | **Income/(Loss)   **                                         | **Shares       ** | **Total      ** |   |

| **Balances,                January 31, 2005**                                        | $963,496 | $7,930,646 |   | $66,032,446 |   | $100,635  |   | ($11,862,032 | )      | $63,165,191 |   |
|--------------------------------------------------------------------------------------|----------|------------|--------|-------------|--------|-----------|--------|--------------|--------|-------------|--------|
|                                                                                 |     |       |   |        |   |      |   |         |   |        |   |
| Comprehensive                income:                                                 |     |       |   |        |   |      |   |         |   |        |   |
|                   Net income                                               | -        | -          |   | 3,274,767   |   | -         |   | -            |   |        |   |
|                   Cumulative translation adjustment                        | -        | -          |   | -           |   | (282,343  | )      | -            |   |        |   |
|                   Interest rate swap,                                      |     |       |   |        |   |      |   |         |   |        |   |
|                     net of tax of ($26,746)                      | -        | -          |   | -           |   | 50,090    |   | -            |   |        |   |
|                        Total comprehensive income |     |       |   |        |   |      |   |         |   | 3,042,514   |   |
|                                                                                 |     |       |   |        |   |      |   |         |   |        |   |
| Dividends                paid, $.0581 per share                                      | -        | -          |   | (650,258    | )      | -         |   | -            |   | (650,258    | )      |
| Dividends                declared, $.0581 per                                        |     |       |   |        |   |      |   |         |   |        |   |
|      share                                                  | -        | -          |   | (650,115    | )      | -         |   | -            |   | (650,115    | )      |
| Stock                option transactions                                             | -        | (8,043     | )      | -           |   | -         |   | 192,189      |   | 184,146     |   |
| **Balances,                July 31, 2005**                                           | $963,496 | $7,922,603 |   | $68,006,840 |   | ($131,618 | )      | ($11,669,843 | )      | $65,091,478 |   |
| See                accompanying notes to consolidated financial statements.          |     |       |   |        |

Index

----

**MET-PRO          CORPORATION**

**CONSOLIDATED      STATEMENT OF CASH FLOWS**

**(unaudited)**

|   |   |   |                                               |
|--------|--------|--------|----------------------------------------------------|
|   |   |   | **Six                Months Ended**                |
|   |   |   | **July                31,**                        |
|   |   |   | **2006       ** |   | 2005       |   |

**INCREASE      (DECREASE) IN CASH AND CASH EQUIVALENTS**

| **Cash                flows from operating activities**                                                                                          |   |   |            |   |        |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------|--------|-------------|--------|
|                   Net income                                                                                                           |   |   | **$3,016,133**  |   | $3,274,767  |   |
|                   Adjustments to reconcile net income to net                                                                           |   |   |            |   |        |   |
|                             cash provided by operating activities:                   |   |   |            |   |        |   |
|         Depreciation                and amortization                                                     |   |   | **768,427**     |   | 742,600     |   |
|         Deferred                income taxes                                                             |   |   | **(1,106**      | **)**  | (1,177      | )      |
|         (Gain)                loss on sale of property and equipment, net                                |   |   | **(11,589**     | **)**  | 8,591       |   |
|         Stock-based                compensation                                                          |   |   | **163,601**     |   | -           |   |
|         Allowance                for doubtful accounts                                                   |   |   | **(79,629**     | **)**  | 55,466      |   |
|         (Increase)                decrease in operating assets:                                          |   |   |            |   |        |   |
|              Accounts                receivable                                 |   |   | **1,607,822**   |   | (2,305,022  | )      |
|              Inventories                                                        |   |   | **(1,405,805**  | **)**  | (2,530,526  | )      |
|              Prepaid                expenses, deposits and other current assets |   |   | **247,600**     |   | 303,086     |   |
|              Other                assets                                        |   |   | **(4,644**      | **)**  | (17,394     | )      |
|         Increase                (decrease) in operating liabilities:                                     |   |   |            |   |        |   |
|              Accounts                payable and accrued expenses               |   |   | **(276,556**    | **)**  | 1,267,070   |   |
|              Customers’                advances                           |   |   | **(532,636**    | **)**  | (329,212    | )      |
|              Other                non-current liabilities                       |   |   | **1,098**       |   | 1,098       |   |
|            Net                cash provided by operating activities                       |   |   | **3,492,716**   |   | 469,347     |   |
|                                                                                                                                             |   |   |            |   |        |   |
| **Cash                flows from investing activities**                                                                                          |   |   |            |   |        |   |
|                   Proceeds from sale of property and equipment                                                                         |   |   | **12,810**      |   | 30,907      |   |
|                   Acquisitions of property and equipment                                                                               |   |   | **(3,275,209**  | **)**  | (488,380    | )      |
|            Net                cash (used in) investing activities                         |   |   | **(3,262,399**  | **)**  | (457,473    | )      |
|                                                                                                                                             |   |   |            |   |        |   |
| **Cash                flows from financing activities**                                                                                          |   |   |            |   |        |   |
|                   Proceeds from new borrowings                                                                                         |   |   | **4,140,315**   |   | -           |   |
|                   Reduction of debt                                                                                                    |   |   | **(713,113**    | **)**  | (1,200,910  | )      |
|                   Exercise of stock options                                                                                            |   |   | **55,232**      |   | 184,146     |   |
|                   Payment of dividends                                                                                                 |   |   | **(1,400,107**  | **)**  | (1,298,639  | )      |
|            Net                cash provided by (used in) financing activities             |   |   | **2,082,327**   |   | (2,315,403  | )      |
| Effect                of exchange rate changes on cash                                                                                           |   |   | **23,357**      |   | (22,212     | )      |
|                                                                                                                                             |   |   |            |   |        |   |
| **Net                increase (decrease) in cash and cash equivalents**                                                                          |   |   | **2,336,001**   |   | (2,325,741  | )      |
|                                                                                                                                             |   |   |            |   |        |   |
| Cash                and cash equivalents at February 1                                                                                           |   |   | **17,683,305**  |   | 20,889,476  |   |
| **Cash                and cash equivalents at July 31**                                                                                          |   |   | **$20,019,306** |   | $18,563,735 |   |
| See                accompanying notes to consolidated financial statements.                                                                      |   |   |            |   |

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (RESTATED)**

**Restatement:      **
*”*

**Reclassification:      **

**Recent      Accounting Pronouncements**

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**Stock      Split:**

**NOTE      2 - PRINCIPLES OF CONSOLIDATION**

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      3 - BASIS OF PRESENTATION**

**NOTE      4 - STOCK-BASED COMPENSATION**

**Stock      Options: **

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|                                   | Six                Months Ended July                31, |
|----------------------------------------|---------------------------------------------------------|
|                                   | 2006                                                    |   | 2005 |
|                                   |                                                    |   |   |
| Expected                term (years)   | 5.0                                                     |   | 5.0 |
| Risk-free                interest rate | 3.63%                - 4.58%                            |   | 3.11%                - 4.58% |
| Expected                volatility     | 30%                - 32%                                |   | 30%                - 32% |
| Dividend                yield          | 2.26%                - 3.39%                            |   | 2.26%                - 3.73% |

|     |                                           | Shares      | Weighted                    Average       Exercise                Price | Weighted                     Average                      Remaining     Life                (years)    | Aggregate                Intrinsic Value |
|----------|------------------------------------------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|
| Options: |                                           |                                 |                                                                                                                      |                                                                                                                                                                                             |
|     | Outstanding                at February 1, 2006 | 810,742                              | $9.8071                                                                                                                   | 7.68                                                                                                                                                                                             |                                     |
|     | Granted                                        | -                                    | -                                                                                                                         |                                                                                                                                                                                             |                                     |
|     | Forfeited                                      | -                                    | -                                                                                                                         |                                                                                                                                                                                             |                                     |
|     | Expired                                        | -                                    | -                                                                                                                         |                                                                                                                                                                                             |                                     |
|     | Exercised                                      | 7,467                                | 7.3969                                                                                                                    |                                                                                                                                                                                             |                                     |
|     | Outstanding                at July 31, 2006    | 803,275                              | $9.8295                                                                                                                   | 7.44                                                                                                                                                                                             | $2,466,456                               |
|     |                                           |                                 |                                                                                                                      |                                                                                                                                                                                             |                                     |
|     | Exercisable                at July 31, 2006    | 630,155                              | $9.4137                                                                                                                   | 7.44                                                                                                                                                                                             | $2,196,909                               |

|                            |   | Options                Outstanding   |                                                                  | Options                Exercisable                   |
|---------------------------------|--------|--------------------------------------|-----------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|
|                            |   | Shares      | Weighted                Average Remaining Life                (years) | Weighted                Average   Exercise                Price                                   |   | Shares       | Weighted                Average    Exercise                Price       |
| Range                of prices: |   |                                 |                                                                  |                                                                                                                                           |   |   |   |
| $5.48                - 5.99     |   | 32,980                               | 3.46                                                                  | $5.5533                                                                                                                                        |   | 32,980 | $5.5533 |
| $6.00                - 6.99     |   | 64,716                               | 4.64                                                                  | 6.8063                                                                                                                                         |   | 64,716 | 6.8063 |
| $7.00                - 8.99     |   | 210,565                              | 5.73                                                                  | 7.3735                                                                                                                                         |   | 210,565 | 7.3735 |
| $9.00                - 11.99    |   | 169,340                              | 8.69                                                                  | 9.8813                                                                                                                                         |   | 112,892 | 9.8813 |
| $12.00                - 12.99   |   | 325,674                              | 8.69                                                                  | 12.4242                                                                                                                                        |   | 209,002 | 12.6331 |
|                            |   | 803,275                              | 7.44                                                                  | $9.8295                                                                                                                                        |   | 630,155 | $9.4137 |

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|                                        |                                                             | Six                Months Ended      July                31, 2005          |       | Three                Months Ended    July 31,                2005           |   |
|---------------------------------------------|------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                        |                                                             |                                                                                                                                             |       |                                                                                                                                         |
| Net                income, as reported      | $3,274,767                                                       |                                                                                                                                             | $1,956,549 |                                                                                                                                         |
| Add:                                        | Stock-based              employee compensation expense           |                                                                                                                                             |       |                                                                                                                                         |   |
|                                        | included                in reported net income, net of tax       | -                                                                                                                                                |       | -                                                                                                                                            |   |
|                                        |                                                             |                                                                                                                                             |       |                                                                                                                                         |   |
| Less:                                       | Pro              forma expense related to stock options granted, |                                                                                                                                             |       |                                                                                                                                         |   |
|                                        | net                of tax effects                                | (83,380                                                                                                                                          | )          | (41,690                                                                                                                                      | )      |
| Pro                forma                    | $3,191,387                                                       |                                                                                                                                             | $1,914,859 |                                                                                                                                         |
| Earnings                per share, basic:   |                                                             |                                                                                                                                             |       |                                                                                                                                         |
|                                        | As                reported                                       | $.29                                                                                                                                             |       | $.18                                                                                                                                         |   |
|                                        | Pro                forma                                         | .29                                                                                                                                              |       | .17                                                                                                                                          |   |
| Earnings                per share, diluted: |                                                             |                                                                                                                                             |       |                                                                                                                                         |
|                                        | As                reported                                       | $.29                                                                                                                                             |       | $.17                                                                                                                                         |   |
|                                        | Pro                forma                                         | .28                                                                                                                                              |       | .17                                                                                                                                          |   |

**NOTE      5 - INVENTORIES**

|                            | July                31,        |   | January                31,               |
|---------------------------------|------------------------------------------|--------|------------------------------------------|
|                            | 2006       |   | 2006       |
| Raw                materials    | $10,569,704                              |   | $9,116,168                               |
| Work                in progress | 3,959,818                                |   | 2,334,589                                |
| Finished                goods   | 3,396,922                                |   | 4,987,724                                |
|                            | $17,926,444                              |   | $16,438,481                              |

**NOTE      6 - SUPPLEMENTAL CASH FLOW INFORMATION**

|                                            | Six                Months Ended          |
|-------------------------------------------------|------------------------------------------|
|                                            | July                31,                  |
|                                            | 2006       |   | 2005       |
| Cash                paid during the period for: |                                     |   |   |
|                   Interest            | $155,138                                 |   | $152,245 |
|                   Income taxes        | 1,964,283                                |   | 1,062,858 |

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      7 - DEBT **

*Short-term      debt:*

*Long-term      debt:*

|                                                                               | **July                31,  ** |   | **January                31,**               |
|------------------------------------------------------------------------------------|-----------------------------------------|--------|----------------------------------------------|
|                                                                               | **2006     **  |   | **2006      ** |
| Note                payable, bank, payable in                                      |                                    |   |                                         |
|                     quarterly installments of $300,000,        |                                    |   |                                         |
|                     plus interest at a rate of 75 basis points |                                    |   |                                         |
|                     over the ninety day LIBOR rate             |                                    |   |                                         |
|                     (effective interest rate of 5.90% at       |                                    |   |                                         |
|                     July 31, 2006), maturing October, 2008.    | $3,000,000                              |   | $3,600,000                                   |
|                                                                               |                                    |   |                                         |
| Note                payable, bank, payable in                                      |                                    |   |                                         |
|                     quarterly installments of $31,935          |                                    |   |                                         |
|                     (25,000 Euro), plus interest at a          |                                    |   |                                         |
|                     fixed rate of 3.82%, maturing              |                                    |   |                                         |
|                     January, 2016.                             | 1,052,572                               |   | 379,387                                      |
|                                                                               |                                    |   |                                         |
| Line                of credit, $383,220 (300,000 Euro),                            |                                    |   |                                         |
|                     payable upon demand, plus                  |                                    |   |                                         |
|                     interest at a rate of 70 basis points      |                                    |   |                                         |
|                     over the thirty day EURIBOR rate           |                                    |   |                                         |
|                     (effective interest rate of 3.71% at       |                                    |   |                                         |
|                     July 31, 2006).                            | 383,220                                 |   | 364,559                                      |
|                                                                               |                                    |   |                                         |
| Bond                payable, bank, payable in                                      |                                    |   |                                         |
|                     quarterly installments of $58,333,         |                                    |   |                                         |
|                     plus interest at a rate of 16 basis points |                                    |   |                                         |
|                     below the ninety day LIBOR rate            |                                    |   |                                         |
|                     (effective interest rate of 4.99% at       |                                    |   |                                         |
|                     July 31, 2006), maturing April, 2021.      | 3,449,166                               |   | 50,000                                       |
|                                                                               |                                    |   |                                         |
|                                                                               | 7,884,958                               |   | 4,393,946                                    |
| Less                current portion                                                | 1,944,293                               |   | 1,689,413                                    |
|                                                                               | 5,940,665                               |   | 2,704,533                                    |
| Fair                market value of interest rate                                  |                                    |   |                                         |
|                     swap liability                             | (115,410                                | )      | 19,053                                       |
| Long-term                portion                                                   | $5,825,255                              |   | $2,723,586                                   |

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

| **Year                Ending** |       |   |
|--------------------------------|------------|--------|
| **January                31,** |       |   |
| 2007                           | $1,944,293 |   |
| 2008                           | 1,561,072  |   |
| 2009                           | 1,561,072  |   |
| 2010                           | 361,072    |   |
| 2011                           | 361,072    |   |
| Thereafter                     | 2,096,377  |   |
|                           | $7,884,958 |   |

**NOTE      8 - ACCUMULATED OTHER COMPREHENSIVE LOSS**

|                                                            | July                31,  |   | January                31,                         |   |
|-----------------------------------------------------------------|-------------------------------|--------|----------------------------------------------------|--------|
|                                                            | 2006      |   | 2006                      |   |
| Interest                rate swap, net of tax                   | $78,479                       |   | ($12,385                                           | )      |
| Cumulative                translation of adjustment             | 601,729                       |   | 400,431                                            |   |
| Minimum                pension liability adjustment, net of tax | (709,867                      | )      | (709,867                                           | )      |
|                                                            | ($29,659                      | )      | ($321,821                                          | )      |

**NOTE      9 - OTHER INCOME, NET (RESTATED)**

|                                      | Six                Months Ended July 31,   |   | Three                Months Ended July 31, |   |
|-------------------------------------------|------------------------------------------------------|--------|--------------------------------------------|--------|
|                                      | 2006                                  |   | 2005                   |   | 2006     |   | 2005     |   |
| Interest                income            | $493,984                                             |   | $257,741                                   |   | $248,893 |   |  $135,722 |   |
| Other                miscellaneous income | 11,267                                               |   | 36,843                                     |   | 21,560 |   | 19,675 |   |
|                                      | $505,251                                             |   | $294,584                                   |   | $270,453 |   | $155,397 |   |

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      10 - EMPLOYEE BENEFIT PLANS**

**Pension      Plans: **

|                                              | Pension                Cost                            |   |
|---------------------------------------------------|--------------------------------------------------------|--------|
|                                              | Six                Months EndedJuly                31, |   | Three                Months EndedJuly                31, |   |
|                                              | 2006                          |   | 2005      |   | 2006      |   | 2005      |   |
| Service                cost                       | $354,124                                               |   | $310,032 |   | $177,062 |   | $155,016 |   |
| Interest                cost                      | 535,814                                                |   | 514,992 |   | 267,907 |   | 257,496 |   |
| Expected                return on plan assets     | (584,930                                               | )      | (513,800 | ) | (292,465 | ) | (256,900 | ) |
| Amortization                of transition asset   | (8,058                                                 | )      | (5,258 | ) | (4,029 | ) | (2,629 | ) |
| Amortization                of prior service cost | 49,406                                                 |   | 50,592 |   | 24,703 |   | 25,296 |   |
| Recognized                net actuarial loss      | 51,678                                                 |   | 13,818 |   | 25,839 |   | 6,909 |   |
| Net                periodic benefit cost          | $398,034                                               |   | $370,376 |   | $199,017 |   | $185,188 |   |

Index

----

**MET-PRO            CORPORATION**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      11 - BUSINESS SEGMENT DATA (RESTATED)**

*”*

*Product      Recovery/Pollution Control Equipment:*

*Fluid      Handling Equipment:*

*Filtration      and Purification*

Index

----

**MET-PRO          CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

|                                                                                 | Six                Months Ended                |   | Three                Months Ended              |
|--------------------------------------------------------------------------------------|------------------------------------------------|--------|------------------------------------------------|
|                                                                                 | July                31,                        |   | July                31,                        |
|                                                                                 | 2006        |   | 2005        |   | 2006        |   | 2005       |
| **Net                sales**                                                         |                                           |   |                                           |   |   |   |   |
|                     Product recovery/pollution control equipment | $22,091,252                                    |   | $19,164,528                                    |   | $12,792,903 |   | $11,576,897 |
|                     Fluid handling equipment                     | 12,023,633                                     |   | 11,546,097                                     |   | 6,106,139 |   | 5,956,327 |
|                     Filtration and purification                  | 9,443,038                                      |   | 9,863,507                                      |   | 4,879,840 |   | 5,113,296 |
|                                                                                 | $43,557,923                                    |   | $40,574,132                                    |   | $23,778,882 |   | $22,646,520 |
|                                                                                 |                                           |   |                                           |   |   |   |   |
| **Income                from operations**                                            |                                           |   |                                           |   |   |   |   |
|                     Product recovery/pollution control equipment | $1,406,072                                     |   | $1,643,404                                     |   | $839,358 |   | $983,338 |
|                     Fluid handling equipment                     | 1,733,748                                      |   | 1,854,386                                      |   | 1,038,204 |   | 1,096,658 |
|                     Filtration and purification                  | 937,732                                        |   | 1,231,252                                      |   | 599,323 |   | 754,690 |
|                                                                                 | $4,077,552                                     |   | $4,729,042                                     |   | $2,476,885 |   | $2,834,686 |

|                                                                                 | July                31,     |   | January                31,                     |
|--------------------------------------------------------------------------------------|-------------------------------------------------|--------|------------------------------------------------|
|                                                                                 | 2006         |   | 2006        |
| **Identifiable                assets**                                               |                                            |   |                                           |
|                     Product recovery/pollution control equipment | $32,874,775                                     |   | $34,173,031                                    |
|                     Fluid handling equipment                     | 20,006,861                                      |   | 17,008,765                                     |
|                     Filtration and purification                  | 19,602,942                                      |   | 17,653,316                                     |
|                                                                                 | 72,484,578                                      |   | 68,835,112                                     |
|                     Corporate                                    | 22,024,473                                      |   | 20,827,813                                     |
|                                                                                 | $94,509,051                                     |   | $89,662,925                                    |

**NOTE      12 - ACCOUNTANTS’ 10-Q REVIEW**

Index

----

**MET-PRO            CORPORATION**

**REPORT        OF INDEPENDENT REGISTERED PUBLIC        ACCOUNTING FIRM**

**.**

|   | /s/                Margolis & Company P.C. |
|--------|------------------------------------------------|
|   | Certified              Public Accountants      |

Index

----

**MET-PRO          CORPORATION**

**Item      2. *****Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (Restated)***

*The      following discussion should be read in conjunction with, and is qualified in      its      entirety by, the Unaudited Consolidated Financial Statements and Notes thereto      included elsewhere in this Quarterly Report on Form 10-Q/A. This item contains      forward-looking statements that involve risks and uncertainties. Actual results      may differ materially from those indicated in such forward-looking statements.      Factors that may cause such a difference include, but are not limited to, those      discussed in “Item 1A: Risk Factors” of our Annual Report on Form 10-K for      the year ended January 31, 2006.*

***Results      of Operations:***

|                                               |   | **Six                Months Ended      **                                         |   | **Three                Months Ended        **                                                             |
|----------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------|
|                                               |   | **July                31,              ** |   | **July                31,                                 ** |
|                                               |   | **2006**                                                                                                        |   | **2005**                                                                                                                                     |   | **2006** |   | **2005** |   |
| Net                Sales                           |   | **100.0**                                                                                                       | **%**  | 100.0                                                                                                                                        | % | **100.0** | **%** | 100.0 | % |
| Cost                of goods sold                  |   | **71.1**                                                                                                        | **%**  | 67.9                                                                                                                                         | % | **71.7** | **%** | 68.8 | % |
| Gross                profit                        |   | **28.9**                                                                                                        | **%**  | 32.1                                                                                                                                         | % | **28.3** | **%** | 31.2 | % |
|                                               |   |                                                                                                            |   |                                                                                                                                         |   |   |   |   |   |
| Selling                expenses                    |   | **9.1**                                                                                                         | **%**  | 9.7                                                                                                                                          | % | **8.7** | **%** | 8.7 | % |
| General                and administrative expenses |   | **10.4**                                                                                                        | **%**  | 10.7                                                                                                                                         | % | **9.2** | **%** | 10.0 | % |
| Income                from operations              |   | **9.4**                                                                                                         | **%**  | 11.7                                                                                                                                         | % | **10.4** | **%** | 12.5 | % |
|                                               |   |                                                                                                            |   |                                                                                                                                         |   |   |   |   |   |
| Interest                expense                    |   | **(.3**                                                                                                         | **%)** | (.3                                                                                                                                          | %) | **(.4** | **%)** | (.3 | %) |
| Other                income, net                   |   | **1.1**                                                                                                         | **%**  | .7                                                                                                                                           | % | **1.2** | **%** | .7 | % |
| Income                before taxes                 |   | **10.2**                                                                                                        | **%**  | 12.1                                                                                                                                         | % | **11.2** | **%** | 12.9 | % |
|                                               |   |                                                                                                            |   |                                                                                                                                         |   |   |   |   |   |
| Provision                for taxes                 |   | **3.3**                                                                                                         | **%**  | 4.0                                                                                                                                          | % | **3.6** | **%** | 4.3 | % |
| Net                income                          |   | **6.9**                                                                                                         | **%**  | 8.1                                                                                                                                          | % | **7.6** | **%** | 8.6 | % |

***Six      Months Ended July 31, 2006 vs. Six Months Ended July 31,      2005***

Index

----

**MET-PRO          CORPORATION**

**Item      2.  **
***Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (Restated) continued…***

Index

----

**MET-PRO          CORPORATION**

**Item      2.  **
***Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (Restated) continued…***

***Three      Months Ended July 31, 2006 vs. Three Months Ended July 31,      2005***

Index

----

**MET-PRO          CORPORATION**

**Item      2.  **
***Management’s      Discussion and Analysis of Financial Condition and Results of      Operations***
** **
***(Restated)      continued…***

**Liquidity:**

***Capital      Resources and Requirements:***

Index

----

**MET-PRO          CORPORATION**

**Item      2.  **
***Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (Restated)***
** **
***continued…***

***Critical      Accounting Policies and Estimates:***

Index

----

**MET-PRO          CORPORATION**

**Item      2.  **
***Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (Restated)***
** **
***continued…***

***Cautionary        Statement Concerning Forward-Looking Statements:***

| ·                      | the                write-down of costs in excess of net assets of businesses acquired                (goodwill), as a result of the determination that the acquired business                is                impaired. Our Flex-Kleen reporting unit, which initially performed                well                after being acquired by Met-Pro, thereafter had several years of                declining                performance which we attributed primarily to a general weakness in                its                served markets, followed by improved performance in the fiscal years                ended                January 31, 2006 and 2005. During the fiscal year ended January 31,                2006,                we performed an impairment analysis of the $11.1 million of goodwill                that                the Company carries for Flex-Kleen and concluded that no impairment                had                occurred. Flex-Kleen’s performance needs to continue to improve in order                for us not to be required to write-off some or all of its                goodwill; |
|----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | materially                adverse changes in economic conditions in the markets served by us                or in                significant customers of ours; |
|--------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | material                changes in available technology; |
|--------------------------------------------|----------------------------------------------------------|

| ·       | adverse                developments in the asbestos cases that have been filed against the                Company, including without limitation the exhaustion of insurance                coverage, the imposition of punitive damages or other adverse developments                in the availability of insurance                coverage; |
|--------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | changes                in accounting rules promulgated by regulatory agencies, including                the SEC,                which could result in an impact on                earnings; |
|--------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | the                cost of compliance with Sarbanes-Oxley and other applicable legal                and                listing requirements, and the unanticipated possibility that Met-Pro                may                not meet these requirements; |
|--------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | unexpected                results in our product development                activities; |
|--------------------------------------------|-----------------------------------------------------------------------------------------|

| ·       | loss                of key customers; |
|--------------------------------------------|---------------------------------------|

| ·       | changes                in product mix and the cost of materials, with effect on                margins; |
|--------------------------------------------|---------------------------------------------------------------------------------------------------------|

| ·       | changes                in our existing management; |
|--------------------------------------------|----------------------------------------------------|

| ·       | exchange                rate fluctuations; |
|--------------------------------------------|--------------------------------------------|

| ·       | changes                in federal laws, state laws and                regulations; |
|--------------------------------------------|------------------------------------------------------------------------------------|

| ·       | lower                than anticipated return on investments in the Company’s defined benefit                plans, which could affect the amount of the Company’s pension                liabilities; |
|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | the                assertion of litigation claims that the Company’s products, including                products produced by companies acquired by the Company, infringe                third                party patents or have caused injury, loss or                damage; |
|--------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | the                effect of acquisitions and other strategic                ventures; |
|--------------------------------------------|----------------------------------------------------------------------------------------|

| ·       | failure                to properly quote and/or execute customer orders, including                misspecifications, design, engineering or production                errors; |
|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·       | the                cancellation or delay of purchase orders or                shipments; |
|--------------------------------------------|------------------------------------------------------------------------------------------|

| ·       | losses                related to international sales;                and/or |
|--------------------------------------------|-----------------------------------------------------------------------------|

Index

----

**MET-PRO          CORPORATION**

**Item        2.  **
***Management’s        Discussion and Analysis of Financial Condition and Results of Operations        (Restated)***
** **
***continued…***

| ·       | failure                  in execution of acquisition                  strategy. |
|--------------------------------------------|---------------------------------------------------------------------------------|

**Item        3. *****Qualitative        and Quantitative Disclosures about Market Risk***

**Item        4. *****Controls        and Procedures******(Restated)***

Index

----

**MET-PRO          CORPORATION**

**PART        II - OTHER INFORMATION**

**Item        1.**         ***Legal        Proceedings***

*Certain        of the statements made in this Item 1 (and elsewhere in this Report) are        “forward-looking” statements which are subject to the considerations set forth        in “Cautionary Statement Regarding Forward-Looking Statements” located in the        Management’s Discussion and Analysis of Financial Condition and Results of        Operations section of this Report, and we refer you to these        considerations.*

**Item      1A. *****Risk      Factors***

Index

----

**MET-PRO          CORPORATION**

**Item      2. *****Unregistered      Sales of Equity Securities and Use of Proceeds***

| (a)    | During                the second quarter ended July 31, 2006, we did not sell any of our                equity                securities that were not registered under the Securities Act of 1933. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                |
| (b)    | Not              applicable                                                                                                                                                                         |
|   |                                                                                                                                                                                                |
| (c)    | The              following table summarizes Met-Pro’s purchases of its Common Shares for              the quarter ended July 31, 2006:                                                        |

**Issuer      Purchases of**

**Equity      Securities**

| Period                         |   | TotalNumber                of SharesPurchased |   | AveragePrice                PaidPer                Share |   | Total                Number                ofShares                PurchasedAs                Part of PubliclyAnnouncedPlans                orPrograms |   | MaximumNumber                ofSharesThat                May Yet                bePurchasedUnder                thePlan                orPrograms |           (1) |
|--------------------------------|--------|-----------------------------------------------|--------|----------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                           |   |                                          |   |                                                     |   |                                                                                                                                                   |   |                                                                                                                                              |                                                            |
| May                1-31, 2006  |   | 0                                             |   | $                 -                                 |   | 0                                                                                                                                                      |   | 270,918                                                                                                                                           |                                                            |
| June                1-30, 2006 |   | 0                                             |   | -                                                        |   | 0                                                                                                                                                      |   | 270,918                                                                                                                                           |                                                            |
| July                1-31, 2006 |   | 0                                             |   | -                                                        |   | 0                                                                                                                                                      |   | 270,918                                                                                                                                           |                                                            |
| Total                          |   | 0                                             |   | $                 -                                 |   | 0                                                                                                                                                      |   | 270,918                                                                                                                                           |                                                            |

| (1)   | On                December 15, 2000, our Board of Directors authorized a Common Share                repurchase program that was publicly announced on December 19, 2000,                for                up to 533,333 (adjusted for stock split) shares. The program has                no fixed                expiration date. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      3.** ***Defaults      Upon Senior Securities***

Index

----

**MET-PRO          CORPORATION**

**Item      4. *****Submission      of Matters to a Vote of Security Holders***

|                        |                                                                                                                |   | Number                of                Votes                              |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Proposals                   |                                                                                                                |   | For                                                                                                                                                                            | Against      | Abstain/                   Broker                    Non                Vote    |
| Proposal                1 - | Election                of Directors                                                                                |   |                                                                                                                                                                                                                        |   |   |
|                        |                George H. Glatfelter, II                                                                        |   | 10,121,409                                                                                                                                                                                                                  | 282,601 | - |
|                        |                Alan Lawley, Ph.D.                                                                              |   | 9,900,065                                                                                                                                                                                                                   | 503,945 | - |
|                        |                Gary J. Morgan                                                                                  |   | 9,849,124                                                                                                                                                                                                                   | 554,886 | - |
| Proposal                2 - | Selection                of Margolis & Company P.C. as Independent Registered Public                Accountants |   | 9,907,335                                                                                                                                                                                                                   | 471,242 | 25,433 |

**Item      5. *****Other      Information***

**Item      6. *****Exhibits***

|   | (a)    | Exhibits                Required by Item 601 of Regulation S-K |
|--------|--------|----------------------------------------------------------------|
|   |   |                                                           |

| Exhibit              No.  | Description                                                             |
|--------------------------------|-------------------------------------------------------------------------|
|                           |                                                                    |
| 31.1                           | Certification                of Chief Executive                Officer, |
|                           | under                Section 302 of the                                 |
|                           | Sarbanes-Oxley                Act of                2002.*              |
|                           |                                                                    |
| 31.2                           | Certification                of Chief Financial                Officer, |
|                           | under                Section 302 of the                                 |
|                           | Sarbanes-Oxley                Act of                2002.*              |
|                           |                                                                    |
| 32.1                           | Certification                of Chief Executive                Officer, |
|                           | Pursuant                18 U.S.C. Section                1350.*         |
|                           |                                                                    |
| 32.2                           | Certification                of Chief Executive                Officer, |
|                           | Pursuant                18 U.S.C. Section                1350.*         |
|                           |                                                                    |
|                           |                                                                    |

Index

----

**MET-PRO            CORPORATION**

**SIGNATURES**

|   | Pursuant                to the requirements of the Securities Exchange Act of 1934, the registrant                has duly caused this report to be signed on its behalf by the undersigned                thereunto duly authorized. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                       | **Met-Pro                Corporation**                     |
|----------------------------------------------------------------------------|------------------------------------------------------------|
|                                                                       | (Registrant)                                               |
|                                                                       |                                                       |
|                                                                       |                                                       |
|                                                                       |                                                       |
|                                                                       |                                                       |
| December                13, 2006        | /s/                Raymond J. De Hont                      |
|                                                                       | **Raymond                J. De Hont**                      |
|                                                                       | **Chairman,                President and Chief Executive** |
|                                                                       | **Officer**                                                |
|                                                                       |                                                       |
|                                                                       |                                                       |
|                                                                       |                                                       |
|                                                                       |                                                       |
|                                                                       |                                                       |
| December                13, 2006                                           | /s/                Gary J. Morgan                          |
|                                                                       | **Gary                J. Morgan**                          |
|                                                                       | **Senior                Vice President of Finance,**       |
|                                                                       | **Secretary                and Treasurer, Chief**          |
|                                                                       | **Financial                Officer, Chief Accounting**     |
|                                                                       | **Officer                and Director**                    |

Index

----