ELGT Electric and Gas Technology Inc (CE)

Electric & Gas Technology, Inc. (OTCBB:ELGT) today announced that on May 14, 2006, ELGT was listed in The Dallas Morning News as No. 182 of the D-FW Top 200 Public Companies, up from its No. 186 ranking last year. The D-FW Top 200 index is compiled by Longnecker & Associates, a consulting firm, and members of the Business News staff. The rankings are based on revenue for fiscal 2005, as reported to the Securities and Exchange Commission. ELGT has produced double digit revenue growth over the last several years averaging 27.5% the last two fiscal years with projected year end (July 31, 2006) revenue again up 29% over the same period last year. About ELGT Electric & Gas Technology, Inc. (ELGT) is a publicly traded company that, through its subsidiaries, operates in two distinct business segments: (1) Utilities Products and (2) Contract Manufacturing. Headquartered in Garland, Texas, Reynolds Equipment Company, a wholly owned subsidiary, manufactures and sells equipment to the natural gas industry world wide. Logic Metals Technology, Inc., supplies precision fabricated parts to the telecommunications, electronics, medical, banking and sorting industries. Visit our website www.elgt.com. This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) the price-sensitive nature of product demand, (iii) the Company's dependence upon favorable pricing from its suppliers and (iv) other risks indicated herein and in filings with the SEC.