SOURCE: Ocean Bio-Chem

October 12, 2007 15:29 ET

Ocean Bio-Chem, Inc. Reports 3rd Quarter 2007 Sales Results

FORT LAUDERDALE, FL--(Marketwire - October 12, 2007) - Ocean Bio-Chem, Inc. (NASDAQ: OBCI) reported today that net sales for the 3rd quarter 2007 were approximately $6,907,000 compared to $7,725,000 for the 3rd quarter of 2006, a decrease of $818,000 or 10.6%. For the six-month period ending September 30, 2007, net sales were approximately $16,363,000 compared to net sales of $16,466,000 for the comparative period 2006 period, a decrease of $103,000 or 0.6%.

Ocean Bio-Chem President and CEO Peter Dornau commented, "The performance in the third quarter, specifically in September, reflects lower sales of our winterizing products, including antifreeze, as a result of the abnormally warm weather in the Northern and Midwestern parts of the US. We are cautiously optimistic that as cold weather sets in, the sale of our winterizing products will improve in the 4th quarter."

Peter Dornau continued, "We have hired a new VP of Sales in the 3rd quarter, Marc Emmi. Marc has significant experience and account relationships in our industry. Marc's primary focus will be targeting new distribution channels, for increasing sales. Marc reports to Greg Dornau our EVP of Sales and Marketing.

"We are scheduled to release our year-to-date earnings report, which appears positive compared to prior year-to-date results, in the coming weeks, where we will comment further on our financial performance for the quarter and nine-month period."

About Ocean Bio-Chem

Ocean Bio-Chem, Inc. manufactures and markets a full line of maintenance and care products for boats, recreational vehicles, automobiles, motorcycles and aircraft. Products are sold under the Starbrite™ name. The Company trades publicly under NASDAQ SmallCap Ticker Symbol: OBCI. The Company's web sites are: www.oceanbiochem.com, www.starbrite.com and www.startron.com.

NOTE: The foregoing is news relating to Ocean Bio-Chem, Inc. (OBCI or "the Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management, including without limitation the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to the Company's 10-K and other documents filed with the United States Securities and Exchange Commission.