Epolin, Inc. Announces Results for the Year Ended February 28, 2010

NEWARK, NJ--(Marketwire - June 1, 2010) - EPOLIN, INC. (the "Company") (OTCBB: EPLN) (www.epolin.com) today announced results for the fiscal year ended February 28, 2010.

For the year ended February 28, 2010, sales were $2,945,000 as compared to $3,092,000 for the year ended February 28, 2009, a decrease of $147,000 or 4.8%. Gross profit, defined as sales less cost of sales, was $1,671,000 or 56.7% of sales for the year ended February 28, 2010 compared to $1,647,000 or 53.3% of sales for the year ended February 28, 2009, an increase of 3.4%.

Cost of sales was $1,274,000 for the year ended February 28, 2010 which represented 43.3% of sales compared to $1,444,000 for the year ended February 28, 2009 which represented 46.7% of sales. Selling, general and administrative expenses decreased to $1,119,000 or 38.0% of sales for the year ended February 28, 2010 compared to $1,252,000 or 40.5% of sales for the year ended February 28, 2009, a decrease of $133,000.

Operating income, in terms of absolute dollars, increased to $552,000 in fiscal 2010 from $396,000 in fiscal 2009, an increase of $156,000. Net income after taxes was $469,000 or $0.04 per share for the year ended February 28, 2010 as compared to $328,000 or $0.03 per share for the year ended February 28, 2009.

About Epolin

Epolin, Inc. is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations. The Company's business is heavily weighted towards the development, manufacture and sale of near infrared dyes. Applications for these dyes cover several markets that include laser protection, welding, sunglasses, optical filters, glazing and imaging and security inks and tagants. The Company also manufactures specialty chemicals for certain chemical manufacturers.

Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate", "believe", "estimate", "plan", "intend" and "expect" and similar expressions, as they relate to Epolin, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors discussed in reports and documents filed from time to time by the Company with the Securities and Exchange Commission. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.

                       EPOLIN, INC. AND SUBSIDIARY
                    CONSOLIDATED STATEMENTS OF INCOME
                 YEARS ENDED FEBRUARY 28, 2010 AND 2009

                                                       2010         2009
                                                   ------------ -----------
SALES                                              $  2,944,628   3,091,539
                                                   ------------ -----------
COST OF SALES AND EXPENSES:
   Cost of sales                                      1,273,768   1,444,199
   Selling, general and administrative                1,118,622   1,251,521
                                                   ------------ -----------
      Total                                           2,392,390   2,695,720
                                                   ------------ -----------
OPERATING INCOME                                        552,238     395,819
                                                   ------------ -----------
OTHER INCOME:
   Rental income                                          4,500      18,000
   Interest                                              25,835      52,861
                                                   ------------ -----------
      Total                                              30,335      70,861
                                                   ------------ -----------
INCOME BEFORE TAXES                                     582,573     466,680

INCOME TAXES                                            113,503     139,111
                                                   ------------ -----------
NET INCOME                                         $    469,070     327,569
                                                   ============ ===========
PER SHARE DATA:
   Basic earnings per common share                 $       0.04        0.03
                                                   ============ ===========
   Fully diluted earnings per common share         $       0.04        0.03
                                                   ============ ===========
   Weighted average number of common shares
    outstanding                                      12,101,972  12,015,944
                                                   ============ ===========
   Fully diluted number of common shares
    outstanding                                      12,104,872  12,056,380
                                                   ============ ===========

Contact Information: For more detailed information, please contact: Murray S. Cohen Chairman of the Board James Ivchenko President Greg Amato Chief Executive Officer (973) 465-9495