The Ohio Art Company Reports Operating Results for the Fourth Quarter and Year Ended January 31, 2006


BRYAN, Ohio, April 7, 2006 (PRIMEZONE) -- The Ohio Art Company (Pink Sheets:OART) today announced operating results for the fourth quarter and for the fiscal year ended January 31, 2006.

Net sales, excluding the Strydel subsidiary discontinued operations, increased slightly to $19,827,000 for the year ended January 31, 2006 compared to $19,696,000 for the year ended January 31, 2005. For the three-month period, net sales decreased approximately 6% from $5,497,000 for the quarter ended January 31, 2005 to $5,153,000 for the quarter ended January 31, 2006. The toy operation and litho operation realized similar results as worldwide toy shipments as well as shipments of lithographed metal products both rose more than 1%.

Net loss, after taxes and discontinued operations, for the year ended January 31, 2006 amounted to $585,000 or $.67 per share on 875,000 average shares outstanding compared to a net loss of $3,682,000 or $4.20 per share on 876,000 average shares outstanding for the year ended January 31, 2005. The divestiture of our injection molding subsidiary coupled with the continued positive impact of the overhead reduction program reduced the company's operating loss and noticeably improved the balance sheet.

Net income, after taxes and discontinued operations, for the fourth quarter ended January 31, 2006 amounted to $257,000 or $.29 per share on 875,000 average shares outstanding, compared to a net loss of $1,049,000 or $1.20 per share, on 876,000 average shares outstanding during for the quarter ended January 31, 2005.

Established in 1908 and headquartered in Bryan, Ohio, The Ohio Art Company manufactures and markets the world famous Etch A Sketch(R) drawing toy, as well as a complete line of toys that enhance and provide development, creativity, and positive reinforcement. Product lines include "Making Creativity Fun" activity toys, such as Etch A Sketch(R) and Magna Doodle(R). In addition, the company's Diversified Products Division manufactures lithographed products for the photographic, food container, and specialty premium markets.

The forward-looking statements contained in this release are based upon various assumptions, and certain risks and uncertainties could cause actual results to differ materially from those stated. The Company assumes no obligations to update any forward-looking statements contained in this release.


                 THE OHIO ART COMPANY AND SUBSIDIARIES
                 -------------------------------------
                   (Thousands Except Per Share Data)

                             Twelve Months Ended   Three Months Ended
                              ------------------   ------------------
                              1/31/06    1/31/05   1/31/06    1/31/05
                              -------    -------   -------    -------

 Net Sales                    $19,827    $19,696     5,153      5,497

 Income(Loss) Before
  Income Taxes                 (1,673)    (3,791)     (281)    (1,250)

 Income Tax Expense (Benefit)      --       (144)       (2)       158

 Income(Loss) Before
  Discontinued Operations      (1,673)    (3,647)      283     (1,092)

 Discontinued Operations        1,088        (35)      (26)        43

 Net Income(Loss)                (585)    (3,682)      257     (1,049)

 Net Income(Loss) Per Share      (.67)     (4.20)      .29      (1.20)

 Average Shares Outstanding       875        876       875        876


            

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