SOURCE: Ocean Bio-Chem, Inc.

January 16, 2008 07:00 ET

Ocean Bio-Chem, Inc. Reports Record 4th Quarter 2007 Sales Results; Increase of Approximately 24% From 2006.

FORT LAUDERDALE, FL--(Marketwire - January 16, 2008) - Ocean Bio-Chem, Inc. (NASDAQ: OBCI) reported today that net sales for the 4th quarter 2007, were up 24% to approximately $4,904,000 compared to $3,960,000 for the 4th quarter of 2006, an increase of $944,000. For the year ending December 31, 2007, net sales were approximately $21,296,000 compared to net sales of $20,427,000 for the comparative 2006 period, an increase of $869,000 or 4%.

Ocean Bio-Chem President and CEO Peter Dornau commented, "The performance in the fourth quarter reflects higher revenues from winterizing products, including antifreeze, as a result of the colder weather in the Northern and Midwestern parts of the US. Sales of these products on a comparative basis increased approximately 15%."

Peter Dornau continued, "I am very pleased at the progress we are making with building brand awareness and increasing sales of our StarTron® fuel additive products. Sales of these products for the year 2007 increased over 44% in the marine category on a comparative basis. StarTron® is now one of our larger product groups in the marine category. We are now expanding StarTron® into automotive, trucking, farming and specialty markets. With the increased use of E10 fuels across the US and the world and the problems that E10 fuels cause, the need for StarTron® fuel additives should grow in the future. As we look forward in 2008, OBCI plans supporting the brand growth of StarTron® in new markets, with consumer advertising in both print and TV media."

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 SmalICap 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.