SOURCE: Ocean Bio-Chem, Inc.

March 15, 2010 10:29 ET

Ocean Bio-Chem, Inc. -- Subsidiary Star brite Distributing, Inc. and ValvTect Petroleum Announced That They Have Amicably Settled Their Lawsuit

FORT LAUDERDALE, FL--(Marketwire - March 15, 2010) - Ocean Bio-Chem, Inc. (NASDAQ: OBCI) reported that Star brite Distributing, Inc. and ValvTect Petroleum announced that they have amicably settled their lawsuit in the United States District Court for the Southern District of Florida.

"We are very pleased that we have resolved this dispute and look forward to bright futures for both our companies," said Peter Dornau, President of Star brite and Jerry Nessenson, President of ValvTect.

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.

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