Congoleum in Compliance with AMEX Standards

Mercerville, NJ, May 30, 2007--Congoleum Corp. reported that the American Stock Exchange ("Amex") has determined the company is in compliance with its continued listing standards.

Roger S. Marcus, Chairman of the Board, commented, "I am very pleased that our 2006 financial performance, despite our ongoing reorganization, meets the Amex's continued listing standards. We value our listing on the American Stock Exchange."

On December 31, 2003, Congoleum Corporation filed a voluntary petition with the United States Bankruptcy Court for the District of New Jersey (Case No. 03-51524) seeking relief under Chapter 11 of the United States Bankruptcy Code as a means to resolve claims asserted against it related to the use of asbestos in its products decades ago.