Ronson Cites Lichtenstein /Steel Partners for Misleading Assertions

On January 13, 2005, the United States Court of Appeals for the Third Circuit affirmed the dismissal by the U.S. District Court of a lawsuit filed in 2003 by Ronson Corporation, together with several of its Directors, against Steel Partners II, Warren Lichtenstein, Howard Lorber, several Steel Partners employees and a number of secret, unidentified investors of Steel Partners.

WARREN LICHTENSTEIN/STEEL PARTNERS DELIBERATELY DISREGARDED THE CLEARLY STATED LIMITED BASIS FOR THE COURTS' ORDERS OF DISMISSAL AND FALSELY ASSERTED IN ITS PRESS RELEASE OF JANUARY 13, 2005 THAT " ... the District Court and the Court of Appeals have confirmed our (Lichtenstein/Steel Partners) assertion that there was no merit to the Ronson claim." THIS COMMENT BY
LICHTENSTEIN/STEEL PARTNERS IN ITS PRESS RELEASE IS PATENTLY MISLEADING.

THE DISMISSAL OF RONSON CORPORATION'S CLAIMS WAS BASED SOLELY ON THE TIME REQUIREMENTS OF THE APPLICABLE STATUTE OF LIMITATIONS WHICH BARS LITIGATION DEEMED TO BE UNTIMELY FILED. NEITHER THE FEDERAL COURT NOR THE COURT OF APPEALS CONSIDERED THE MERITS OF THE CLAIMS ASSERTED BY RONSON IN ITS COMPLAINT.

LICHTENSTEIN/STEEL PARTNERS' RELEASE WAS MISLEADING IN THAT IT FAILED TO
REPORT THAT STATE LAW CLAIMS, ESSENTIALLY SIMILAR TO SOME OF THE FEDERAL COURT CLAIMS, ARE PENDING BEFORE THE SUPERIOR COURT OF NEW JERSEY IN A SEPARATE
LAWSUIT.

In that lawsuit, Ronson is seeking specified declaratory and
injunctive relief under the New Jersey Shareholder Protection Act, as well as
monetary damages based on allegations of loss, disruption and damage to Ronson
Corporation, its business relationships and image as a consequence of various
alleged wrongful acts by Lichtenstein/Steel Partners and undisclosed
affiliates.

For the past seven years, Mr. Lichtenstein has been waging a campaign
against Ronson Corporation to further his and his group's personal agenda, not
in the best interest of the Ronson shareholders. Ronson's management has
consistently received support from the majority of its shareholders. At its
recent Annual Meeting in December 2004, Ronson's management received the
support of 88% of the shares voted.

The Company continues to vigorously defend and to refute in its entirety
the claims of Lichtenstein/Steel Partners in the ongoing protection of Ronson
and the legitimate rights and interests of all shareholders.