WOC Wilshire Enterprises,

NEWARK, N.J., Jan. 18 /PRNewswire-FirstCall/ -- Wilshire Enterprises, Inc. ("Wilshire" or the "Company") (AMEX:WOC) announced today that on January 16, 2007, the Company delivered a letter to Daniel Pryor, the Company's president and chief operating officer, notifying him that his employment with the Company terminates effective February 16, 2007. Also on January 16, 2007, and after the letter referred to in the preceding sentence was delivered, the Company received a letter from Mr. Pryor, dated January 16, 2007, in which Mr. Pryor notified the Company that he was resigning from his employment with the Company effective January 14, 2007. About Wilshire Enterprises Wilshire is engaged primarily in the ownership and management of real estate investments in the United States including the sunbelt states of Arizona, Florida, and Texas. Company Contact: Frank Elenio, Chief Financial Officer, 201-420-2796 Agency Contact: Neil Berkman, Berkman Associates, 310-826-5051 DATASOURCE: Wilshire Enterprises, Inc. CONTACT: Frank Elenio, Chief Financial Officer, +1-201-420-2796; or Neil Berkman, Berkman Associates, +1-310-826-5051

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