SOURCE: Ocean Bio-Chem

July 10, 2007 07:30 ET

Ocean Bio-Chem, Inc. Reports 2nd Quarter 2007 Sales Results Increase of Approximately 32%

FORT LAUDERDALE, FL--(Marketwire - July 10, 2007) - Ocean Bio-Chem, Inc. (NASDAQ: OBCI) reported today that net sales for the 2nd quarter 2007 were approximately $5,722,000, compared to $4,332,000 for the 2nd quarter of 2006, an increase of $1,390,000 or 32.0%. For the six month period ending June 30, 2007, net sales were approximately $9,745,000 compared to net sales of $8,741,000 for the comparative period 2006 period, an increase of $1,004,000 or 11.5%.

Ocean Bio-Chem President and CEO Peter Dornau commented, "The Company increased its sales in both the marine and auto care products. Sales for the 2nd quarter were favorably affected by the improved boating weather regionally. In addition the Company increased its distribution of our auto care products."

Peter Dornau continued, "The Company remains focused on building brand recognition of our StarTron® brand with continued advertising in both print and TV media."

We are scheduled to release our 2nd quarter earning report in the coming weeks, where I will comment further on our financial performance for quarter and six month.

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.