BDR Blonder Tongue Laboratories Inc

Blonder Tongue Laboratories, Inc. (AMEX: "BDR") today announced its election to terminate its Joint Venture Agreement ("JV Agreement") with Master Gain International Industrial, Limited, a Hong Kong corporation. The Company and its wholly-owned subsidiary, Blonder Tongue Far East, entered into the JV Agreement with Master Gain on November 11, 2005 for the manufacturing of products in the People's Republic of China. In furtherance of the Joint Venture, the parties formed Blonder Tongue International Holdings, Ltd., a British Virgin Islands company ("BTIH"). On June 9, 2006 the Company sent notice to Master Gain of its election to exercise its termination rights of the JV Agreement and exercise its right to purchase Master Gain's fifty percent (50%) ownership interest in BTIH, which the Company anticipates to be for nominal consideration. As a result, BTIH will be wholly-owned by Blonder Tongue Far East. The Company terminated the JV Agreement due to the Joint Venture's failure to meet certain quarterly financial milestones. The inability to meet such financial milestones was caused, in part, by the failure of Master Gain to contribute the $5,850,000 of capital to the Joint Venture and the Joint Venture's failure to obtain certain governmental approvals and licenses necessary for its operation. Commenting on the termination of the JV Agreement, Bob Palle, the Company's President said, "Establishing a manufacturing facility in China will have significant benefits including increasing gross margins and international sales. Although the termination of the JV Agreement will delay Blonder Tongue's plan to directly manufacture products in China, we are continuing to move forward with our strategic plan to establish a presence in China and we are evaluating alternative opportunities, both independently and with potential partners." Founded in 1950, Blonder Tongue Laboratories, Inc. has evolved from a manufacturer of electronic equipment for the private cable industry to a principal provider of integrated network solutions and technical services to broadband service providers. The Company designs, manufactures, and supplies a comprehensive line of equipment to deliver video (analog & digital), high speed data and voice services over integrated coaxial and fiber optic broadband networks today and over packet based, Internet protocol networks of the future. For more information regarding Blonder Tongue or its products, please visit the Company's Web site at www.blondertongue.com or contact the Company directly at (732) 679-4000. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in Blonder Tongue's Annual Report and Form 10-K for the year ended December 31, 2005 (See Item 1: Business, Item 1A: Risk Factors and Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words "believe", "expect", "anticipate", "project", and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue's actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue's "forward-looking" statements.