American Biltrite Announces Its Intent to Delist Its Shares From NYSE Amex and Terminate SEC Reporting

American Biltrite Inc.

announced today that it had submitted a notice to the NYSE Amex of its intention to voluntarily withdraw the Company's common stock, par value $.01 per share, from listing on the NYSE Amex and to voluntarily terminate the registration of the Common Stock under the Securities Exchange Act of 1934, as amended. The Company's decision to delist and deregister the Common Stock was not based on the receipt of any notice that the Company had failed to satisfy any rule or standard for the continued listing of its common stock on the NYSE Amex or asserting any material non-compliance with the NYSE Amex. The Company is eligible to voluntarily delist and deregister the Common Stock because, as of the beginning of 2012, there were fewer than 300 record holders of the Common Stock. Following delisting from the NYSE Amex, the Common Stock will no longer be quoted on a stock exchange, and there is no assurance that the Common Stock will be quoted on any over-the-counter market.